Telefonica Drops, Galp Falls, Genmab Surges
· 3:33
Episode Telefonica Drops, Galp Falls, Genmab Surges
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Telefonica falls as much as 8.4%, the most in almost a year, after JPMorgan cut the Spanish telco to underweight from neutral and as Brazil-exposed stocks slide following Luiz Inácio Lula da Silva’s surprise runoff election win. - Galp Energia SGPS SA said talks with Spain’s Moeve to combine their fuel stations and refining operations in Portugal and Spain have ended without an agreement, thwarting plans to create a major player in the Iberian energy market. - Genmab shares surge as much as 13%, the most since March 2020, after the drugmaker said a late-stage trial of its experimental treatment for ovarian cancer, Rina-S, met its primary and key secondary endpoints.
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