Pre-Open Stock Movers 10/05: (CPRX) (ACIA) (TWTR) Higher; (IMMU) (ULH) (CRM) Lower (more...)

October 5, 2016 9:20 AM EDT

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Pre-Open Stocks Movers

Immunomedics, Inc., (Nasdaq: IMMU) 27% LOWER; announced that it has priced an underwritten offering of 10,000,000 shares of common stock and warrants to purchase up to 10,000,000 shares of common stock with anticipated gross proceeds of $30 million.

Catalyst Pharmaceutical Partners (NASDAQ: CPRX) 16% HIGHER; Piper Jaffray upgraded from Neutral to Overweight with a price target of $4.00 (from $1.00

Universal Logistics Holdings, Inc. (NASDAQ: ULH) 11% LOWER; Q3 results and outlook.

Anavex Life Sciences Corp. (Nasdaq: AVXL) 9% HIGHER; announced a collaboration with Ariana Pharma (Cambridge, MA and Paris, France) to use Arianas proprietary KEMĀ® (Knowledge, Extraction, Management) patient stratification technology to potentially accelerate ANAVEX 2-73s Phase 2/3 Alzheimers clinical development timelines. KEMĀ® is a comprehensive and FDA-tested clinical data analysis system that enables full exploitation of complex datasets including of smaller numbers of patients.

Cascadian Therapeutics (NASDAQ: CASC) 7.1% LOWER; announced that its board of directors has approved a plan for a reverse split of the Companys common stock to increase its share price and reduce the number of authorized and outstanding shares.

Acacia Communications, Inc. (NASDAQ: ACIA) 7% HIGHER; now expects revenue of $130 million to $133 million, GAAP net income of $28 million to $31 million, non-GAAP net income of $34 million to $37 million, GAAP diluted earnings per share of $0.68 to $0.75 and non-GAAP diluted earnings per share of $0.83 to $0.90 for the three months ended September 30, 2016. Also, has commenced a follow-on public offering of 4,500,000 shares of its common stock.

Corbus Pharmaceuticals (NASDAQ: CRBP) 7% HIGHER; Cantor Fitzgerald initiates coverage with a Buy rating and a price target of $17.00

NUTANIX (NASDAQ: NTNX) 5% HIGHER, recent hot IPO adds to gains

salesforce.com (NYSE: CRM) 4.9% LOWER; fears the company will make a bid for Twitter

Jones Energy (NYSE: JONE) 4.9% HIGHER; Stifel upgraded from Hold to Buy with a price target of $6.00 (from $3.00).

Gigamon (NYSE: GIMO) 4.5% LOWER; downgraded by Raymond James and DA Davidson

Endurance Specialty Holdings Ltd. (NYSE: ENH) 4.3% HIGHER; SOMPO Holdings, Inc and Endurance Specialty Holdings Ltd. (NYSE: ENH) today announced that they have entered into a definitive agreement for the acquisition of 100% of the outstanding ordinary shares of Endurance by SOMPO for US$93 per share in cash.

Global Payments (NYSE: GPN) 3.8% HIGHER; reported Q1 EPS of $0.86, versus $0.79 reported last year. Revenue for the quarter came in at $939.5 million, versus $748.8 million reported last year.

Twitter, Inc. (NYSE: TWTR) 3% HIGHER; expected to field bids this week.

Constellation Brands (NYSE: STZ) 3% HIGHER; reported Q2 EPS of $1.75, $0.10 better than the analyst estimate of $1.65. Revenue for the quarter came in at $2.02 billion, versus $1.73 billion reported last year.

Micron Technology (NASDAQ: MU) 2% LOWER; reported Q4 EPS of ($0.05), versus ($0.08) reported last year. Revenue for the quarter came in at $3.22 billion, versus $2.9 billion reported last year. Micron Technology sees Q117 revenue of $3.55 - $3.85 billion, gross margin of 23% - 25.5%, and EPS of $0.13 - $0.21. The Street sees Q1 revenue of $3.48 billion and EPS of $0.12.

Team Health Holdings (NYSE: TMH) 1.8% HIGHER; adds to 16.5% intra-day gains on reports it is exploring a sale and is in talks with private-equity firms



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