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Company News for Feb 19, 2020

Zacks Equity Research

  • Shares of Bellerophon Therapeutics, Inc. BLPH surged more than 100% after the company reported positive top-line data from ancillary acute hemodynamic study of INOpulse.

  • Shares of Legg Mason, Inc. LM gained 24.4% after Franklin Resources announced plans to acquire the asset management holding company for $50 per share.

  • Shares of Fluor Corporation FLR declined 24.3% after the engineering company announced that the SEC is investing the company's past accounting and financial reporting.

  • Shares of HSBC Holdings plc HSBC declined 5.6% after the bank announced it will slash 35,000 jobs and $100 billion in assets in the next three years following weak pre-tax profit results.


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