SQSP - Hot Stocks: SQSP OSH drop on earnings news TPTX climbs; KSU gets new bid; FULC more than doubles
Earnings news remained a key theme during Tuesday's midday trading. Squarespace (NYSE:SQSP) and Oak Street Health (NYSE:OSH) both dropped following the release of their quarterly updates. Meanwhile, Turning Point Therapeutics (NASDAQ:TPTX) got a boost after it reported better-than-expected results. Looking to non-earnings headlines, the merger saga surrounding Kansas City Southern (NYSE:KSU) continued on Tuesday, with a formal bid coming from Canadian Pacific Railway (NYSE:CP). Elsewhere, Fulcrum Therapeutics (NASDAQ:FULC) saw its stock more than double following the release of strong clinical trial data. Regulatory worries weighed on shares of Reata Pharmaceuticals (NASDAQ:RETA). The stock dropped after the Food and Drug Administration identified weaknesses in its application for a kidney disease drug. Squarespace (SQSP) lost ground following the release of its quarterly report. The company's loss came in substantially wider than analysts' projecting. Revenue managed to top expectations, rising 31% from last year to reach $196M. SQSP dropped more than 9% in
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Hot Stocks: SQSP, OSH drop on earnings news, TPTX climbs; KSU gets new bid; FULC more than doubles