ENTA - Hot Stocks: KFY rises on earnings; ENTA sues PFE over COVID drug; NEWR climbs; DOW downgrade
Korn/Ferry (NYSE:KFY) represented one of the standout gainers in Wednesday's intraday trading, climbing in the wake of a strong earnings report. Meanwhile, Enanta (ENTA) rose after filing a patent infringement suit related to Pfizer's (PFE) Paxlovid COVID drug. New Relic (NEWR) also made the list of notable midday gainers. The stock rallied on news that an activist investor has taken a sizable stake in the company. Looking to the downside, Dow Inc. (DOW) dropped after Credit Suisse turned bearish on the company. Gainers Korn/Ferry (KFY) showed strength in midday trading after reporting better-than-expected earnings. Shares climbed about 4%, as the management consulting firm also raised its dividend and provided an upbeat forecast. The company reported a Q4 profit that topped analysts' projections, with revenue that rose 30% from last year to reach $727M. The firm predicted Q1 adjusted EPS of $1.42 to $1.58, coming in above the $1.39 that experts
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Hot Stocks: KFY rises on earnings; ENTA sues PFE over COVID drug; NEWR climbs; DOW downgrade