Nike takes a dive, Spotify surges, Shire up slightly

Let’s check out the Yahoo Finance charts of the day.

Nike (NKE): Shares are down in early trade, at around .22%.  Nike was downgraded to “neutral” from “buy” with UBS saying it has a long-term bullish view on the athletic footwear and apparel maker. UBS also stated that the market has a similar view and the upbeat outlook is already priced into the stock.

Spotify (SPOT): Shares up here, around 2.44%.  In new coverage, Macquarie starts the music streaming service at “outperform” saying the evolution of the mobile digital market positions Spotify for years of growth.

Shire (SHPG): Shares up here, at around .75%.  The rare disease expert revealed that the FDA granted approval to make its Cinryze drug available to children aged six and over. The drug has been approved for use by adults in the U.S. since 2008.

For more on today’s big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.

 

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