Daily Stock Market News

Citrix, Spotify, Knightscope, Tesla: What to Watch in the Stock Market Today


Wall Street indexes were mixed in morning trading. Here’s what we’re watching on Monday:

  • Elliott Management and Vista Equity Partners are near an agreement to pay $104 a share, or roughly $13 billion, for software company

    Citrix Systems,


    CTXS -3.69%

    according to people familiar with the matter.

  • Robot security company

    Knightscope


    KSCP 30.60%

    was climbing in morning trading, building on Friday’s 176% surge that followed its rocky debut the day before.

  • Music-streaming company

    Spotify


    SPOT 8.90%

    on Sunday made public its content policies, which it didn’t alter, and created a Covid-19 information hub. The move came after folk singer

    Neil Young

    had his music removed from the platform as he complained that it was allowing popular podcaster Joe Rogan to spread Covid-19 misinformation through his program.

The U.S. headquarters of the music streaming service Spotify in lower Manhattan, Dec. 8, 2019.



Photo:

Daniel Kalker/dpa/Associated Press

  • Semiconductor company

    Wolfspeed


    WOLF 0.20%

    said it would offer $500 million of senior convertible notes.

  • Maker of elevators and escalators

    Otis Worldwide


    OTIS 1.72%

    said its profit rose for the fourth quarter as sales grew in both the new-equipment and service segments.

  • L3Harris Technologies,


    LHX -4.52%

    a provider of services to aviation-, space- and defense-industry customers, said it expects organic revenue to grow by a percentage rate in the low single digits in 2022, driving higher adjusted earnings.

  • Novavax


    NVAX 6.63%

    shares were climbing in morning trading. The vaccine maker’s shares closed up 14% on Friday after Israel’s Ministry of Health agreed to buy doses of the company’s NVX-CoV2373 Covid-19 vaccine candidate.

  • Credit Suisse lifted its rating on

    Tesla


    TSLA 5.54%

    stock to “outperform.”

  • Netflix


    NFLX 8.06%

    ‘s stock got a ratings upgrade from

    Citigroup,

    to “buy” from “neutral,” and a price target of $450. It closed Friday at $384.36.

  • J&J Snack Foods,


    JJSF -1.02%

    Cabot


    CBT -1.38%

    and

    Fabrinet


    FN 1.57%

    are due to report after the close.

Chart of the Day

Write to James Willhite at james.willhite@wsj.com

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Read More: Citrix, Spotify, Knightscope, Tesla: What to Watch in the Stock Market Today

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