Today's pre-market stock movers: HTZ, SNOW, MRNA, BP and more

Moomoo Breakfast USwrote a column06/15/2022 20:31

Gainers:

• $MorphoSys(MOR.US)$ +7.9% (entered into equity participation and license agreements for felzartamab and MOR210)

• $Day One Biopharmaceuticals(DAWN.US)$ +7.4% (prices offering of 10 mln shares of common stock at $15.00 per share)

• $Hertz Global(HTZ.US)$ +6.1% (authorizes new $2.0 bln share repurchase program)

• $EverCommerce(EVCM.US)$ +3.6% (announces $50 million share repurchase program)

• $Sprinklr(CXM.US)$ +3.6% (In reaction to earnings/guidance)

• $Zendesk(ZEN.US)$ +3.1% (entered into settlement talks with Jana Partners according to WSJ)

• $Sema4 Hleds(SMFR.US)$ +2.7% (announced departure of CFO Isaac Ro)

• $Mammoth Energy Services(TUSK.US)$ +1.8% (announced first appeal response from FEMA related to Project Worksheet 251)

• $Five Below(FIVE.US)$ +1.6% (approves stock repurchase program for up to $100 mln of common stock; also adds Bernard Kim to board of directors who current serves as CEO of Match Group)

• $BP PLC(BP.US)$ +1.1% (to lead and operate one of the world's largest renewables and green hydrogen energy hubs based in western Australia; to take a 40.5% stake and operatorship of the AREH project in the Pilbara Western Australia)

• $Wix.com(WIX.US)$ +1.1% (received court approval of its repurchase program pursuant to which up to $500 million of the Company's ordinary shares and/or convertible notes may be repurchased effective until December 31 2022)

• $Moderna(MRNA.US)$ +0.8% (FDA advisory committee voted to recommend two-dose COVID-19 for children aged 6-17 years)

Analyst comments:

• $Snowflake(SNOW.US)$ +4.3% (upgraded to Buy from Hold at Canaccord Genuity)

• $Spotify Technology(SPOT.US)$ +3.4% (upgraded to Equal Weight from Underweight at Wells Fargo)

• $Skechers USA(SKX.US)$ +1.8% (upgraded to Buy from Hold at Argus)

• $Tapestry(TPR.US)$ +1.7% (upgraded to Buy from Hold at Jefferies)

• $Armstrong World Industries(AWI.US)$ +1.4% (upgraded to Buy from Hold at Loop Capital)

Losers:

• $Planet Labs PBC(PL.US)$ -8.7% (In reaction to earnings/guidance)

• $Methode Electronics(MEI.US)$ -5.8% (In reaction to earnings/guidance)

• $Montrose Environmental(MEG.US)$ -5% (issued statement regarding recent ransomware attack)

• $Olin(OLN.US)$ -2.1% (provided operations update and announced temporary curtailment of production of certain products)

• $SpartanNash(SPTN.US)$ -0.9% (announced acquisition of Shop-N-Save Food Centers)

• $Vertex Energy(VTNR.US)$ -0.5% (disclosed resignation of COO)

Analyst comments:

• $Robinhood(HOOD.US)$ -2.6% (downgraded to Underweight from Neutral at Atlantic Equities)

• $Sonos(SONO.US)$ -2.3% (downgraded to Equal-Weight from Overweight at Morgan Stanley)

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