Pre-Open Stock Movers 11/16: (SINO) (DCIX) (TGT) Higher; (PDLI) (FLXN) (LOW) Lower (more...)

November 16, 2016 9:28 AM EST

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Today's Pre=Open Stock Movers

Sino-Global Shipping America (NASDAQ: SINO) 43.1% HIGHER; shipping stocks continue higher, although DRYS is now halted on info request from NASDAQ.

DryShip (NASDAQ: DRYS) 40% HIGHER; surged again before being halted on info request from NASDAQ.

Diana Containerships (Nasdaq: DCIX) 38.4% HIGHER; shipping stocks continue higher, although DRYS is now halted on info request from NASDAQ.

Euroseas Ltd. (Nasdaq: ESEA) 23.2% HIGHER; shipping stocks continue higher, although DRYS is now halted on info request from NASDAQ.

Seanergy Maritime (Nasdaq: SHIP) 19.1% HIGHER; shipping stocks continue higher, although DRYS is now halted on info request from NASDAQ.

Top Ships (Nasdaq: TOPS) 16.3% HIGHER; shipping stocks continue higher, although DRYS is now halted on info request from NASDAQ.

PDL BioPharma, Inc. (NASDAQ: PDLI) 15.3% LOWER; announced today that it intends to offer, subject to market and other conditions, $150 million aggregate principal amount of new convertible senior notes

Flexion Therapeutics, Inc. (Nasdaq: FLXN) 10% LOWER; today announced the pricing of an underwritten public offering of 3,600,000 shares of its common stock at a price to the public of $18.00 per share.

Eagle Bulk Shipping (NASDAQ: EGLE) 9.2% HIGHER; shipping stocks continue higher, although DRYS is now halted on info request from NASDAQ:

Target (NYSE: TGT) 8.1% HIGHER; reported Q3 EPS of $1.04, $0.21 better than the analyst estimate of $0.83. Revenue for the quarter came in at $0 versus the consensus estimate of $16.3 billion. Comps fell 0.2 percent, versus a 1.1 percent drop expected. GUIDANCE: Target sees Q4 2016 EPS of $1.55-$1.75, versus the consensus of $1.60. Target raised its expectations for fourth quarter comparable sales and now expects growth in the range of (1.0) percent to 1.0 percent. Target sees FY2016 EPS of $5.10-$5.30, versus prior guidance of $4.30-$5.20 and the consensus of $4.94.

Invitae Corporation (NYSE: NVTA) 6.2% LOWER; announced that it has commenced an underwritten public offering of $40 million of shares of its common stock, before deducting underwriting discounts and commissions and other offering expenses.

La-Z-Boy Incorporated (NYSE: LZB) 5% HIGHER; signed an agreement to acquire the license for the La-Z-Boy brand in the United Kingdom and Ireland from Furnico Ltd., which has been La-Z-Boys sales and distribution partner in the market for the past eight years. Annual wholesale revenue for this business is approximately $42 million, based on current exchange rates. Due to the licensing agreement in place today, La-Z-Boy Incorporated already captures approximately half of the sales volume. The agreement will be effective January 1, 2017, and its results will be reported in the companys upholstery segment. The existing Furnico business outside of the La-Z-Boy license will continue with its normal operations.

M/A-Com Technology Solutions (NASDAQ: MTSI) 3.6% LOWER; reported Q4 EPS of $0.54, $0.02 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $152.7 million versus the consensus estimate of $149.97 million. GUIDANCE: M/A-Com Technology Solutions sees Q1 2017 EPS of $0.54-$0.58, versus the consensus of $0.58. M/A-Com Technology Solutions sees Q1 2017 revenue of $150-154 million, versus the consensus of $150.3 million.

Lowe's Cos. (NYSE: LOW) 3.4% LOWER; reported Q3 EPS of $0.88, $0.08 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $15.7 billion versus the consensus estimate of $15.86 billion. Comparable sales increased 2.7 percent. The Street was looking for a 3.2 percent increase. Diluted earnings per share of approximately $3.522 are expected for the fiscal year ending February 3, 2017. (The Street sees $4.)

Lululemon Athletica Inc. (NASDAQ: LULU) 2.7% LOWER; Credit Suisse downgraded from Outperform to Neutral with a price target of $53.00 (from $76.00), noting markdown intensity is up year-over-year.

ViaSat Inc. (Nasdaq: VSAT) 2.6% LOWER; announced that it has commenced an underwritten public offering of 6,500,000 shares of its common stock.

Aclaris Therapeutics, Inc. (Nasdaq: ACRS) 1.4% HIGHER; announced that two pivotal Phase 3 trials of its lead product candidate A-101 40% Topical Solution (A-101), a novel treatment for seborrheic keratosis (SK) met all primary and secondary endpoints of each trial, achieving clinically and statistically significant clearance of SK lesions.

Walt Disney (NYSE: DIS) 1% HIGHER; Deutsche Bank upgraded from Hold to Buy with a price target of $112.

JA Solar Holdings (NASDAQ: JASO) 1% LOWER; downgraded to Sell at Axiom

Agilent Technologies (NYSE: A) 0.8% HIGHER; reported Q4 EPS of $0.59, $0.07 better than the analyst estimate of $0.52. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.07 billion. GUIDANCE: Agilent Technologies sees Q1 2017 EPS of $0.48-$0.50, versus the consensus of $0.53. Agilent Technologies sees Q1 2017 revenue of $1.04-1.06 billion, versus the consensus of $1.08 billion. Agilent Technologies sees FY2017 EPS of $2.10-$2.16, versus the consensus of $2.19. Agilent Technologies sees FY2017 revenue of $4.35-4.37 billion, versus the consensus of $4.35 billion.



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