Bank of America Slips as Liquidia and Enovix Surge on Major Deals
A $1.2 billion regulatory fine hit Bank of America shares Tuesday, tempering investor sentiment just one day before the firm reports its third-quarter financial results. While the financial giant faced a 2.3% decline in after-hours trading to $52.72, other corners of the market saw rapid movement driven by litigation and new contracts.
October 14, 2026, 02:27 AM 1,407 0
Liquidia shares exploded 42% to $38.00 following a $380.7 million settlement with United Therapeutics, effectively resolving all outstanding litigation between the two companies. The market reaction signals significant relief from investors regarding the firm's legal overhead.
Separately, Enovix secured a purchase order for 100,000 drone battery units, triggering a 15% jump in its stock price to $2.88. This order provides a clear catalyst for the manufacturer as it looks to scale its production output.
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