Today's Pre-Market Stock Movers: ACN, CRM, LEN, NVAX and More

Moomoo Breakfast USwrote a column09/22/2022 20:57

Gapping up

In reaction to earnings/guidance:

• $Deutsche Bank(DB.US)$ +5.6%,$Salesforce(CRM.US)$ +2.3%,$H.B. Fuller(FUL.US)$ +2.2%,$Trip.com(TCOM.US)$ +0.7%

Other news:

• $Precigen(PGEN.US)$ +3.9% (names new COO)

• $Scorpio Tankers(STNG.US)$ +2.7% (reports it purchased its common shares in the open market and exercised a purchase option for an LR2 product tanker that is currently leased)

• $Marinus Pharmaceuticals(MRNS.US)$ +1.6% (exercises first contract option by the BARDA)

• $CTI BioPharma(CTIC.US)$ +1.5% (Presentation of New Anemia Benefit Data from Pacritinib Program at the Society of Hematologic Oncology (SOHO) Tenth Annual Meeting)

• $Biogen(BIIB.US)$ +1.1% (Phase 3 results show benefits)

• $Tilray Brands(TLRY.US)$ +1% (received approval from the Italian Ministry of Health to import and distribute Tilray’s medical cannabis oral solution THC25 across the country)

Analyst comments:

• $Gracell Biotechnologies(GRCL.US)$ +8.7% (initiated with a Buy at Citigroup; tgt $12)

• $23andMe(ME.US)$ +3.4% (initiated with an Outperform at Cowen; tgt $6)

• $Nike(NKE.US)$ +0.5% (initiated with an Outperform at RBC Capital Mkts)

Gapping down

In reaction to earnings/guidance:

• $Sportsman's Warehouse(SPWH.US)$ -3.1%,$FactSet Research Systems(FDS.US)$ -2.4%,$Darden Restaurants(DRI.US)$ -2.3%,$KB Home(KBH.US)$ -2.2%,$Steelcase(SCS.US)$ -1.3%,$Lennar Corp(LEN.US)$ -1.2%

Other news:

• $DBV Technologies(DBVT.US)$ -11.3% (receives partial clinical hold notice for VITESSE Phase 3 Trial)

• $Chimera Investment Corp(CIM.US)$ -5% (lowers dividend)

• $Cipher Mining(CIFR.US)$ -5% (files $500 mln mixed securities offering; common stock offering by selling shareholders; entered into $250 mln At The Market Offering Agreement)

• $Spire Global(SPIR.US)$ -2.6% (awarded NOAA contract)

• $Novartis AG(NVS.US)$ -1.7% (unveils new focused strategy,under pinned by eight potential multi-billion dollar peak sales brands & deep pipeline) .

Analyst comments:

• $Novavax(NVAX.US)$ -6.2% (downgraded to Underweight from Neutral at JP Morgan)

• $Block(SQ.US)$ -2.1% (downgradedtoNeutralfrom BuyatMizuho)

Moomoo is an app offered by Moomoo Technologies Inc. that provides information about investments. Moomoo Technologies is not an investment adviser or a broker-dealer and it provides neither investment or financial advice nor securities trading services. All contents such as comments and links posted or shared by users of the community are opinions of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Technologies, its affiliates, or any employees of Moomoo Technologies or its affiliates. You are advised to consult a qualified financial or tax advisor for your personal financial planning and tax situations. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

252K Views

Comment

Report

Moomoo Breakfast US

Posts 1894Followers50K

ColumnBefore the Bell | Consumer spending gains seen as cooling

Comment