Today's pre-market stock movers: PINS, C, PNC, RIO and more

Moomoo Breakfast USwrote a column07/15/2022 20:37

Gainers:

• $Vertical Aerospace(EVTL.US)$ +46.2% (FLYINGGROUP, one of Europe’s leading business jet operators, has conditionally pre-ordered up to 50 VX4 aircraft)

• $Pinterest(PINS.US)$ +15% (activist Elliott Mgmt has built a 9+% stake, according to WSJ)

• $Citigroup(C.US)$ +4.6% (Citigroup Q2 EPS $2.19 Beats $1.69 Estimate, Sales $19.60B Beat $18.12B Estimate)

• $Red Robin(RRGB.US)$ +3.2% (names new CEO)

• $NexGen Energy(NXE.US)$ +2.8% (Canadian Nuclear Safety Commission approves NexGen draft EIS to proceed to technical review)

• $Kornit Digital(KRNT.US)$ +2.7% (Senvest Mgmt discloses 5.7% stake)

• $UnitedHealth(UNH.US)$ +1.8% (UnitedHealth stock gains after profit beat and raised outlook, as revenue tops $80 billion)

• $R1 RCM(RCM.US)$ +1.4% (to become exclusive provider of enterprise revenue cycle mgmt services for Sutter Health)

• $Apache(APA.US)$ +1.3% (names new chairman)

• $Omega Therapeutics(OMGA.US)$ +1.2% (receives FDA clearance of its IND application to initiate a Phase 1/2 study of OTX-2002)

• $Virgin Galactic(SPCE.US)$ +0.9% (signs long-term lease for new manufacturing facility)

• $Bank of New York Mellon(BK.US)$ +0.5% (Bank of New York Mellon Q2 reflects higher client activity, market depreciation)

Losers:

In reaction to earnings/guidance:

• $Codexis(CDXS.US)$ -23.4% (forecast comes below estimate)

• $Harsco(HSC.US)$ -5% (Harsco Expects 2Q Operating Loss Due to Impairment Charge)

• $PNC Financial Services(PNC.US)$ -1.9% (PNC Financial Services reported Q2 non-GAAP earnings Friday of $3.42 per diluted share, up from $2.64 a year ago.)

• $Wells Fargo & Co(WFC.US)$ -1.4% (Wells Fargo & Co. said Friday that its second-quarter profit declined 48%.)

• $Blackrock(BLK.US)$ -1.2% (BlackRock's earnings sink but inflows surge in second quarter)

Select solar related names showing early weakness:

• $Sunrun(RUN.US)$ -7.1%,$SunPower(SPWR.US)$ -5%,$SolarEdge Technologies(SEDG.US)$ -4.7%,$Enphase Energy(ENPH.US)$ -4.6%,$Daqo New Energy(DQ.US)$ -3.8%,$First Solar(FSLR.US)$ -2.8%,$JinkoSolar(JKS.US)$ -2.6%

Other news:

• $Aurinia Pharmaceuticals(AUPH.US)$ -5.2% (names new exec in R&D and new CCO)

• $Turquoise Hill Resources(TRQ.US)$ -2.8% (provides Q2 production updates)

• $Rio Tinto(RIO.US)$ -1.5% (Q2 production)

Analyst comments:

$Torrid(CURV.US)$ -3.6% (downgraded to Market Perform from Outperform at Cowen)

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