Today's pre-market stock movers: GME, LEVI, UPST, OXY and more
Gainers:
• $Seritage Growth Properties(SRG.US$ +53.9% (filed preliminary proxy materials; appointed Adam Metz as Chairman)
• $Hollysys Automation Technologies(HOLI.US$ +5.2% (Buyer Consortium announces engagement of financial advisor and reaffirms non-binding indicative offer of $25 per share to acquire Hollysys)
• $F-star Therapeutics(FSTX.US$ +3.7% (invoX Pharma commences tender offer for F-star Therapeutics Inc. at $7.12/share)
• $ADC Therapeutics(ADCT.US$ +2.3% (announces exclusive license agreement with Sobi to develop and commercialize ZYNLONTA in Europe)
• $Spirit Airlines(SAVE.US$ +2.1% (Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders)
• $JetBlue Airways(JBLU.US$ +1.1% (Spirit Airlines Announces Intention to Adjourn Special Meeting of Stockholders)
Analyst comments:
• $The Interpublic Group of Companies(IPG.US$ +1.5% (upgraded to Overweight from Equal Weight at Wells Fargo)
Losers:
• $GameStop(GME.US$ -5.4% (CFO to step down names new CFO; also co has laid off employees company-wide according to Reuters)
• $Twitter (Delisted)(TWTR.US$ -4.2% (Elon Musk's bid to buy co in jeopardy according to WaPo; also laying off 30% of its talent acquisition team according to WSJ)
• $Emergent BioSolutions(EBS.US$ -1.3% (enters into collaboration with Ridgeback to expand availability of Ebanga treatment for Ebola)
• $Taiwan Semiconductor(TSM.US$ -0.5% (Taiwan Semiconductor Manufacturing Co. reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared.)
Analyst comments:
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