Today's pre-market stock movers: TGT, LOW, SONY, ROOT and more

Moomoo Breakfast US wrote a column · May 18, 2022 07:14

Gainers:

• $National CineMedia (NCMI.US)$ +17.9% (AMC discloses 6.8% stake in NCMI)

• $MagnaChip Semiconductor (MX.US)$ +14.8% (report that private equity firms including Carlyle Group (CG) will bid for the company)

• $DLocal (DLO.US)$ +13.7% (In reaction to earnings)

• $SiriusPoint (SPNT.US)$ +8.2% (Chairman and CEO resigns to pursue other opportunities)

• $Beyond Air (XAIR.US)$ +6.4% (presents positive study update from the at-home LungFit GO Pilot Study)

• $Cushman & Wakefield (CWK.US)$ +5% (acquires Cresa Partners of Los Angeles)

• $Envista Holdings (NVST.US)$ +4.6% (to acquire Osteogenics Biomedical)

• $Insmed (INSM.US)$ +2.3% (Presents New Data Across Three Pillars at American Thoracic Society 2022 International Conference)

• $Interface (TILE.US)$ +1.8% (authorizes new $100 mln share repurchase program)

• $VAALCO Energy (EGY.US)$ +1.5% (receives new five year $50 mln reserve based lending facility providing additional financial flexibility)

• $Sony (SONY.US)$ +1.3% (provides updates at Corporate Strategy Meeting)

• $Casa Systems (CASA.US)$ +1.2% (stock offering)

• $Extreme Networks (EXTR.US)$ +1.1% (announces $200 mln share repurchase authorization over three-year period)

Analyst comments:

• $Endeavor Group (EDR.US)$ +3.3% (upgraded to Buy from Neutral at Goldman)

• $Penn Entertainment (PENN.US)$ +2.8% (upgraded to Buy from Hold at Jefferies)

• $Great Ajax Corp (AJX.US)$ +1.8% (upgraded to Buy from Neutral at Compass Point)

• $World Fuel Services (INT.US)$ +1.6% (upgraded to Buy from Hold at Stifel)

• $Monster Beverage (MNST.US)$ +1.2% (upgraded to Outperform from Mkt Perform at Bernstein)

• $Cardinal Health (CAH.US)$ +0.9% (upgraded to Outperform from In-line at Evercore ISI)

Losers:

• $Target (TGT.US)$ -22.8% (the retailer reported an adjusted quarterly profit of $2.19 per share, below the $3.07 consensus estimate)

• $NextGen Healthcare (NXGN.US)$ -14.3% (In reaction to earnings)

• $Doximity (DOCS.US)$ -12.9% (also authorizes up to $70 mln for share buybacks)

• $Triumph (TGI.US)$ -11.4% (In reaction to earnings)

• $European Wax Center (EWCZ.US)$ -7.1% (stock offering)

• $RPC Inc (RES.US)$ -6.1% (CEO to transition to Exec Chairman role)

• $Ares Commercial Real Estate Corp (ACRE.US)$ -5.6% (prices offering of 7 mln shares of common stock for gross proceeds of $104.7 mln)

• $Leafly (LFLY.US)$ -5% (launches online cannabis delivery orders)

• $American Well (AMWL.US)$ -3.2% (to shorten earnout period with acquisition of SilverCloud Health)

• $Lowe's Companies (LOW.US)$ -2.6% (the home improvement retailer’s quarterly comparable-store sales fell more than expected and revenue come in slightly below Street forecasts)

• $Standard BioTools (LAB.US)$ -2.4% (stock offering)

• $Root Inc (ROOT.US)$ -2.3% (launches Root Insurance in Alabama and Florida)

• $Haverty Furniture (HVT.US)$ -1.6% (increases dividend)

• $Digital Turbine (APPS.US)$ -1.5% (to restate results for JunQ, SepQ and DecQ)

Analyst comments:

• $Century Aluminum (CENX.US)$ -4.3% (downgraded to Peer Perform from Outperform at Wolfe Research)

• $Ginkgo Bioworks (DNA.US)$ -3.6% (downgraded to Underperform from Neutral at BofA Securities)

• $Carrier Global (CARR.US)$ -3.1% (downgraded to Neutral from Buy at BofA Securities)

• $Industrial Logistics Properties Trust (ILPT.US)$ -1.8% (downgraded to Mkt Perform from Mkt Outperform at JMP Securities)

• $Hanmi Financial (HAFC.US)$ -1.5% (downgraded to Neutral from Buy at DA Davidson)

• $Hope Bancorp (HOPE.US)$ -1.1% (downgraded to Neutral from Buy at DA Davidson)

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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dk moo : Good looking well run company $Hope Bancorp (HOPE.US)$ . Took a hit during SVB drama but coming back. Ex-Dividend Date 8/2 on 5.26%

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