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Today's Pre-Market Stock Movers: DWAC, BBBY, ILMN, DBX and More

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Moomoo Breakfast US wrote a column · Sep 6, 2022 07:39
Gapping up
In reaction to earnings/guidance:
$United Microelectronics(UMC.US)$ +0.8% (August revs)
Other news:
$ChannelAdvisor(ECOM.US)$ +54.4% (to be acquired for $23.10 per share)
$IVERIC bio(ISEE.US)$ +42.3% (topline data from Zimura GATHER2 phase 3 clinical trialingeographic atrophy)
$Monte Rosa Therapeutics(GLUE.US)$ +10% (receives FDA clearance of Investigational New Drug Application for MRT-2359)
$IDEAYA Biosciences(IDYA.US)$ +4.9% (reports first-patient-in for Phase I clinical trial to evaluate darovasertib monotherapy)
$Leap Therapeutics(LPTX.US)$ +4% (New Data from DisTinGuish Study of DKN-01 Plus Tislelizumab and WAKING Study of DKN-01 Plus Tecentriq at the ESMO Congress)
$Illumina(ILMN.US)$ +4% (confirms it intends to appeal European Commission's decision in GRAIL deal)
$MannKind(MNKD.US)$ +2.9% (completes phase 1 study of inhaled clofazimine)
$Athira(ATHA.US)$ +2.8% (update to its plans for the ongoing LIFT-AD clinical trial of fosgonimeton)
$Pacific Airport(PAC.US)$ +2.7% (August traffic)
$The Timken(TKR.US)$ +2.5% (to acquire GGB Bearing Technology, expanding its engineered bearing portfolio with complementary products)
$Hut 8(HUT.US)$ +2.1% (production and operations update for August 2022)
$Dropbox(DBX.US)$ +1.7% (Bank of America initiated coverage of the file storing and sharing service with a buy rating, saying strong free cash flow generation should be attractive to shareholders.)
$Ironwood Pharmaceuticals(IRWD.US)$ +1.3% (topline data from a PhaseIIIclinical trial evaluating LINZESS 72 mcg)
Gapping down
In reaction to earnings/guidance:
Other news:
$Digital World Acquisition Corp(DWAC.US)$ -22.3% (Truth Social did not get shareholder support from Digital World (DWAC) to extend SPAC deal)
$Bed Bath & Beyond Inc(BBBY.US)$ -15.9% (mourns the loss of CFO)
$Alvotech(ALVO.US)$ -6.3% (Update on Initial AVT02 Biologies License Application; also downgraded to Sell from Buy at Citigroup)
$Zymeworks(ZYME.US)$ -4.9% (Release of ESMO Abstract for Phase 1 Study of Zanidatamab Zovodotin (ZW49) in Solid Cancers)
$Apexigen(APGN.US)$ -1.5% (New Data from a Phase 2 Trial Evaluating its CD40 Antibody, Sotigalimab, in Combination with Neoadjuvant Chemoradiation in Patients with Resectable Esophageal and Gastroesophageal Junction Cancers at ESMO Congress 2022)
$Church & Dwight(CHD.US)$ -1.4% (signed a definitive agreement to acquire the Hero Mighty Patch brand and other acne treatment products for $630 mln, consisting of cash and Church & Dwight restricted stock)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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