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Thursday, April 25, 2024

Mid-Day Losers From December 8: Digital River, Arista Networks, Baytex Energy, ITT Educational Services

Courtesy of Benzinga.

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Digital River, Inc. (NASDAQ: DRIV) -25% – Shares are lower as the company filed an 8-K granting Microsoft an extension to decide whether or not to extend a key agreement between the two companies.

Arista Networks Inc (NYSE: ANET) -11% – On Friday, Cisco Systems sued Arista accusing the company of infringing on an array of Cisco patents and copyrights associated with its networking equipment. Moreover, Citigroup lowered the price target to $85.

Baytex Energy Corp (USA) (NYSE: BTE) -12.6% – Shares are lower as oil continues to trend lower.

ITT Educational Services, Inc. (NYSE: ESI) -10% – Following a 35 percent gain on Friday, it appears profit takers have stepped in Monday.

Posted-In: Intraday Update Movers

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