Today's Pre-Market Stock Movers: FL, DE, BBBY, AMC and More
Gainers:
In reaction to earnings/guidance:
• $Foot Locker(FL.US$ +19.7%, $BILL Holdings(BILL.US$ +18.1% (also names new COO), $Buckle Inc(BKE.US$ +1.7%
Other news:
• $Axsome Therapeutics(AXSM.US$ +33.8% (announces FDA approval of AUVELITY the first and only oral nmda receptor antagonist for the treatment of major depressive disorder in adults)
• $SpringWorks Therapeutics(SWTX.US$ +4.9% (late-breaking oral presentation of phase 3 DeFi data at the European Society for Medical Oncology Congress 2022)
• $Agios Pharmaceuticals(AGIO.US$ +3.1% (Publication of Phase 3 ACTIVATE-T Data in The Lancet Haematology Demonstrating Benefits of PYRUKYND (mitapivat) for Adults with Pyruvate Kinase Deficiency)
• $Verona Pharma(VRNA.US$ +2.9% (receives clearance to begin pivotal clinical trials with Ensifentrine for COPD in China)
• $Cara Therapeutics(CARA.US$ +2.5% (Kapruvia receives approval in Switzerland with additional regulatory decisions expected in H2)
Analyst comments:
$Horace Mann Educators(HMN.US$ +2% (upgraded to Overweight from Neutral at Piper Sandler)
Losers:
In reaction to earnings/guidance:
• $StoneCo(STNE.US$ -11%, $Maxeon Solar Technologies(MAXN.US$ -9.2%, $Deere(DE.US$ -5.4%, $OSI Systems(OSIS.US$ -2.6%, $Globant(GLOB.US$ -2.6%, $Vipshop(VIPS.US$ -1.1%, $Ross Stores(ROST.US$ -0.9%
Other news:
• $Bed Bath & Beyond Inc(BBBY.US$ -42.7% (Ryan Cohen completes sale of BBBY stake; also hires law firm to help address debt load according to Bloomberg Law)
• $GameStop(GME.US$ -9.4%, $FuboTV(FUBO.US$ -7.3%, $Blue Apron(APRN.US$ -6.4% (BBBY news dragging down meme stocks)
• $AMC Entertainment(AMC.US$ -6.2% (responds to Cineworld comments AMC continues to be optimistic about increasing demand for Q4 and 2023)
• $Toll Brothers(TOL.US$ -2% (to create joint venture with PGIM Real Estate for San Diego development)
• $Accelerate Diagnostics(AXDX.US$ -1.6% (prices offering of 17.5 mln shares of common stock at $2.00 per share)
Analyst comments:
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102984910 : Why is EXK dropping so much?