Today's Pre-Market Stock Movers: AMD, NVDA, INTC, TSM and More
Gapping up
In reaction to earnings/guidance:
• $Aehr Test Systems(AEHR.US$ +11.1% (also releases two new enhancements for its FOX-P family of wafer level test and burn-in systems)
Other news:
• $Atlas(ATCO.US$ +6.8% (continues negotiations with Poseidon Acquisition; parties have made meaningful progress on potential transaction at $15,50/sh)
• $DraftKings(DKNG.US$ +5.7% (DKNG and Disney's ESPN close to signing partnership according to The Action Network)
• $Exterran(EXTN.US$ +5% (Enerflex announces successful placement of committed financing for pending acquisition of Exterran)
• $Madison Square Garden Sports(MSGS.US$ +3% (declares special div of $7.00/sh; authorizes a $75 mln ASR program)
• $Griffon(GFF.US$ +1.7% (strategic review process remains active and ongoing; expects update by the end of Nov)
Analyst comments:
• $Algonquin Power & Utilities(AQN.US$ +1.2% (upgraded to Outperform from Sector Perform at National Bank Financial)
Gapping down
In reaction to earnings/guidance:
• $Advanced Micro Devices(AMD.US$ -5.5% (lowers Q3 revenue guidance, cites weak PC demand and a significant inventory correction in PC supply chain)
Other news:
• $CVS Health(CVS.US$ -5.2% (Medicare issues 2023 Star Ratings for Medicare Advantage and Part D prescription drug plans; CVS says change in Star Ratings not projected to have any impact on FY22 guidance)
Analyst comments:
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