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Company News for Mar 27, 2023

Zacks Equity Research
·1-min read

  • Shares of Block, Inc. (SQ) declined 1.9% following a report from short-seller Hindenburg Research alleging that the payment company facilitates fraud.

  • Incyte Corporation’s (INCY) shares fell 2.8% after the company issued a regulatory update on ruxolitinib extended-release tablets that the FDA won’t give approval to the company’s application in its current form.

  • Shares of JPMorgan Chase & Co. (JPM) declined 1.5% on the broader banking slump.

  • Wells Fargo & Company’s (WFC) shares declined 1% on the broader banking slump.

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