Kodak shares tank after federal loan is put on halt. Foot Locker jumped on strong same-store sales data.
— Shares of the South American e-commerce company fell by 6.6% after the company announced its second quarter results. MercardoLibre beat Wall Street estimates on the top and bottom lines, according to FactSet, but its gross profit margin declined from the same quarter last year. The company's stock had more than doubled so far this year as the pandemic increased demand for online shopping.
— The Massachusetts-based company saw its stock skyrocket by more than 300% on the back of positive Phase 3 trial results for a drug aimed at treating colon infections. "We are extremely pleased with these highly clinically meaningful SER-109 Phase 3 study results, greatly exceeding the statistical threshold provided by the FDA," CEO Eric Shaff said in a statement.— Shares of the parks and entertainment company dropped more than 1% following its dismal quarterly earnings.
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