Today's Pre-Market Stock Movers: KMX, RAD, BBBY, MTN and More
Gapping up
In reaction to earnings/guidance:
• $Vail Resorts (MTN.US)$ +3.7%, $The Duckhorn Portfolio (NAPA.US)$ +2.7%, $Jefferies Financial (JEF.US)$ +1.6%
Other news:
• $Axsome Therapeutics (AXSM.US)$ +4.3% (disclosesplansto resubmit AXS-07 NDA basedonsuccessfulFDAtype a meeting)
• $C4 Therapeutics (CCCC.US)$ +1.2% (received a Study May Proceed LetterfromtheFDAto begin a Phase 1/2 trial for CFT1946 a treatmentofBRAF-V600 mutantsolidtumors)
• $Atlas (ATCO.US)$ +0.9% (confirms receipt of revised proposal from Poseidonto acquire ATCO for $15.50/sh)
Gapping down
In reaction to earnings/guidance:
• $CarMax (KMX.US)$ -14.6%, $Rite Aid (RAD.US)$ -12.5%, $MillerKnoll (MLKN.US)$ -6.1%, $Concentrix (CNXC.US)$ -2.5%, $Bed Bath & Beyond Inc (BBBY.US)$ -1.9%
Other news:
• $Altus Power (AMPS.US)$ -15.7% (prices offering of 7.0 mln shares of common stock sold by Blackstone (BX) at $11.50 per share)
• $Agree Realty Corp (ADC.US)$ -3.3% (prices 5 mln shares of its common stock at a public offering price of $66.85 per share in connection with the forward sale agreements)
• $Volta (VLTA.US)$ -3.2% (announces organizational realignment; to cut 10% of employees; guides Q3 revs below consensus; withdraws FY22 revenue guidance)
• $Bilibili (BILI.US)$ -1.4% (submitted with the Hong Kong Stock Exchange an announcement of voluntary conversion to dual-primary listing on The Main Board of The Stock Exchange of Hong Kong Limited - will be effective Oct 3)
Analyst comments:
• $Apple (AAPL.US)$ -2.2% (downgraded to Neutral from Buy at BofA Securities; tgt lowered to $160 from $185)
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