Pre-Open Stock Movers 09/23: (MIFI) (BATS) (TWTR) Higher; (ENPH) (IPCI) (APRI) Lower (more...)

September 23, 2016 9:13 AM EDT

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Today's Pre-Open Stock Movers

Novatel Wireless (Nasdaq: MIFI) 28.9% HIGHER; announced that it has entered into an agreement with T.C.L. Industries Holdings, a Hong Kong company (TCL), whereby Novatel Wireless will sell to TCL its mobile broadband business (including its MiFiĀ® branded hotspots and USB modem product lines) for a cash payment of US $50,000,000 payable at closing. The closing of the transaction is subject to the receipt of various regulatory authority approvals, as well as the approval of Novatel Wirelesss stockholders and convertible noteholders. The closing of the transaction is expected to occur in the first quarter of 2017.

Bats Global Market (BATS: BATS) 24.4% HIGHER; CBOE Holdings (NASDAQ: CBOE) is in talks to acquire Bats Global Market (BATS: BATS), Bloomberg reported after markets closed on Thursday citing people familiar with the matter.

Enphase Energy, Inc. (NASDAQ: ENPH) 19.8% LOWER; intends to offer and sell shares of its common stock, subject to market and other conditions, in an underwritten public offering. Enphase also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering to cover over-allotments, if any. Enphase anticipates using the net proceeds from the proposed offering for general corporate purposes, including working capital.

Twitter (NASDAQ: TWTR) 16.8% HIGHER; Twitter is moving closer to sale, and has received expressions of interest, CNBC's David Faber reports. Overnight the stock was downgrade at RBC.

Imperva (NYSE: IMPV) 14% HIGHER; said to draw takeover interest from Cisco Systems (NASDAQ: CSCO), IBM (NYSE: IBM) - Bloomberg

Intellipharmaceutics International Inc. (Nasdaq: IPCI) 13.3% LOWER; at the request of Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange, confirms that as of the date of this news release, they are not aware of any corporate developments that would cause the recent movement in the Company's share price. SI NOTE: Shares spiked spiked 23% on a bizarre press release/rumor of a buyout bid before being halted.

Apricus Biosciences, Inc. (Nasdaq: APRI) 12% LOWER; announced that it has entered into a definitive agreement with institutional investors for an offering of shares of common stock with gross proceeds of approximately $4.6 million in a registered direct offering.

BioDelivery Sciences International (NASDAQ: BDSI) 9% HIGHER; Janney Montgomery Scott upgraded from Neutral to Buy with a price target of $4.00. MORE

Capitala Finance (NASDAQ: CPTA) 6.7% LOWER; declared a monthly dividend of $0.13 per share, or $1.56 annualized. This is a 17% decrease from the prior dividend of $0.1567.

AAR Corp. (NYSE: AIR) 3.2% HIGHER; reported Q1 EPS of $0.29, $0.03 better than the analyst estimate of $0.26. Revenue for the quarter came in at $404.8 million versus the consensus estimate of $398.35 million.

Achillion Pharmaceuticals (NASDAQ: ACHN) 3% HIGHER; Wedbush initiates coverage with a Outperform rating and a price target of $13.00.

8point3 Energy Partners LP (NASDAQ: CAFD) 2.7% LOWER; announced the commencement of an underwritten public offering of 7,000,000 Class A shares representing limited partner interests. In connection with the offering, 8point3 Energy Partners intends to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 Class A shares.

Facebook (NASDAQ: FB) 2% LOWER; report from the Wall Street Journal that advertisers are outraged after learning that the social media powerhouse inflated average viewing time for video ads on its platform for two years.

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