Today's pre-market stock movers: NVAX, MRNA, NCLH, MU and more

Moomoo Breakfast USwrote a column08/09/2022 20:38

Gainers:

In reaction to earnings/guidance:

• $GoodRx(GDRX.US)$ +38.5%,$EDGIO(EGIO.US)$ +13.5%,$Lemonade(LMND.US)$ +10.7%,$Desktop Metal(DM.US)$ +8.5%,$ShockWave Medical(SWAV.US)$ +8.2%,$Pubmatic(PUBM.US)$ +8.1%,$Olaplex(OLPX.US)$ +7%,$Vivid Seats(SEAT.US)$ +6.4%,$Noble(NE.US)$ +6.3%,$Aspen Technology(AZPN.US)$ +5.4%,$AAON Inc(AAON.US)$ +5%,$Hudbay Minerals(HBM.US)$ +5%,$Vivint Smart Home(VVNT.US)$ +4.9%,$Vivint Smart Home(VVNT.US)$ +4.7%,$Hims & Hers Health(HIMS.US)$ +4.6%,$RadNet(RDNT.US)$ +4%,$GlobalFoundries(GFS.US)$ +3.9%,$Vertex(VERX.US)$ +3.1%,$Ebix Inc(EBIX.US)$ +2.4%,$Helios Technologies(HLIO.US)$ +2.1%, H +2.1%,$EVgo Inc(EVGO.US)$ +1.9%

Other news:

• $Verona Pharma(VRNA.US)$ +59.3% (Ensifentrine Meets Primary Endpoint in Phase 3 ENHANCE-2 Trial for COPD; also reported earnings)

• $Mersana Therapeutics(MRSN.US)$ +19.4% (MRSN announces collaboration with GSK granting option to co-develop and commercialize XMT-2056)

• $Startek(SRT.US)$ +15.9% (received non-binding proposal from CSP Management Limited to acquire SRT for $4.65/share in cash)

• $The Beauty Health(SKIN.US)$ +8.4% (Luxor Capital Group discloses 5% passive stake)

• $RxSight(RXST.US)$ +7.9% (files for $200 mln mixed securities shelf offering)

• $MDU Resources(MDU.US)$ +4.7% (Corvex discloses 4.99% active stake; intends to enter into discussions)

• $Valneva(VALN.US)$ +3.8% (PFE and VALN announce initiation of a Phase 3 clinical study)

Analyst comments:

• $Inspirato(ISPO.US)$ +5.1% (upgraded to Overweight from Neutral at Cantor Fitzgerald)

• $Tellurian(TELL.US)$ +4.4% (upgraded to Buy from Neutral at BofA Securities)

Losers:

In reaction to earnings/guidance:

• $Novavax(NVAX.US)$ -32.6%,$Cerence(CRNC.US)$ -21%,$CarGurus(CARG.US)$ -15%,$23andMe(ME.US)$ -14.3%,$3D Systems(DDD.US)$ -13.8%,$Upstart(UPST.US)$ -13.4%,$Allbirds(BIRD.US)$ -12.5%,$Cronos Group(CRON.US)$ -12%,$Freshpet(FRPT.US)$ -11.9%,$Vroom(VRM.US)$ -11.8%,$Bausch Health(BHC.US)$ -11.5%,$Clover Health(CLOV.US)$ -11.2% (also to transition role of CEO toco-founder Andrew Toy),$Avaya Holdings(AVYA.US)$ -10.8%,$TaskUs(TASK.US)$ -10.6%,

• $Trex Co.(TREX.US)$ -9.9% (expects a significant reduction in revs in 2H22),$LivePerson(LPSN.US)$ -9.8%,$AdaptHealth(AHCO.US)$ -9.8%,$eHealth(EHTH.US)$ -9.4%,$SmileDirectClub(SDC.US)$ -8.5%,$Blink Charging(BLNK.US)$ -8.4%,$Oportun Financial(OPRT.US)$ -7.1%,$ACCO Brands(ACCO.US)$ -6.7%,$Clarivate(CLVT.US)$ -6.7%,$Westport Fuel(WPRT.US)$ -5.8%,$ICU Medical(ICUI.US)$ -5.8%,$Reynolds Consumer Products(REYN.US)$ -5.5%,$Norwegian Cruise(NCLH.US)$ -4.8%,$Vaxart(VXRT.US)$ -4.7%,$Hain Celestial(HAIN.US)$ -4.6%,$National CineMedia(NCMI.US)$ -4.5%,$Kymera Therapeutics(KYMR.US)$ -4.5%,$Micron Technology(MU.US)$ -4.2% (lowers guidance),$FibroGen(FGEN.US)$ -4.1%(also files mixed securities shelf offering),$Take-Two Interactive Software(TTWO.US)$ -3.4%,$Signet Jewelers(SIG.US)$ -3.2% (lowersguidance;also acquires Blue Nile for $360mln incash),$Groupon(GRPN.US)$ -1.2%

Other news:

• $CorMedix(CRMD.US)$ -57.3% (receives a second CRL regarding DefenCath NDA)

• $Turtle Beach(HEAR.US)$ -31.3% (provides update on strategic review; will remain a standalone business; also reports earnings)

• $Quanterix(QTRX.US)$ -27.5% (exec chairman stepping down)

• $BellRing Brands(BRBR.US)$ -7.7% (prices offering of 14.8 mln shares of common stock at $23.50 per share)

• $Rallybio(RLYB.US)$ -6.6% (files for $300 mln mixed securities shelf offering)

• $Sovos Brands(SOVO.US)$ -6.5% (stock offering)

• $PennantPark(PFLT.US)$ -6.4% (prices offering of 4.0 mln shares of commonstock at $12.40 per share)

• $Canoo(GOEV.US)$ -5.8% (files mixed securities shelf offering)

• $SIGA Technologies(SIGA.US)$ -3.5%(announces exercise of procurement options with Dept, of HHS for TPOXX treatment courses valued at approx. $26mln)

• $Arcus Biosciences(RCUS.US)$ -3.4%(names new CMO)

• $Portillo’s Inc.(PTLO.US)$ -3.3%(stock offering)

• $Moderna(MRNA.US)$ -2.9%(Moderna and EC amend COVID-19 vaccine agreement to supply Omicron-containing bivalent candidates; EC purchases 15 mln additional doses)

Analyst comments:

• $Broadmark Realty Capital(BRMK.US)$ -6.3% (downgraded to Underweight from Neutral at Piper Sandler)

• $Aemetis(AMTX.US)$ -3.8% (downgraded to Hold from Buy at Truist)

• $Tandem Diabetes Care(TNDM.US)$ -3.1% (downgraded to Underweight from Overweight at Wells Fargo)

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ColumnBefore the Bell | Consumer spending gains seen as cooling

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