Pre-Open Stock Movers 11/17: (RLOG) (WNR) (NTAP) Higher; (VUZI) (LEI) (ACRS) Lower (more...)

November 17, 2016 9:27 AM EST

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Today's Pre-Open Stock Movers

Rand Logistics (NASDAQ: RLOG) 120.5% HIGHER; shippers gain again on momentum trade.

Sino-Global Shipping America (NASDAQ: SINO) 103% HIGHER; shippers gain again on momentum trade.

Diana Containerships (Nasdaq: DCIX) 32% HIGHER; shippers gain again on momentum trade.

Vuzix Corp. (NASDAQ: VUZI) 24.4% LOWER; Says Intel (INTC) No Longer Plans to Pursue Strategic RelationshipNov 16, 2016 05:22 PM

Lucas Energy (NYSE: LEI) 22.3% LOWER; files prospectus related to 6 million common shares for selling shareholders.

Navios Maritime Holdings (NYSE: NM) 22% HIGHER; shippers gain again on momentum trade.

Euroseas Ltd. (NASDAQ: ESEA) 21.7% HIGHER; shippers gain again on momentum trade.

Western Refining, Inc. (NYSE: WNR) 21.5% HIGHER; Tesoro Corporation (NYSE: TSO) and Western Refining, Inc. (NYSE: WNR) jointly announced a definitive agreement under which Tesoro will acquire Western at an implied current price of $37.30 per Western share in a stock transaction, representing an equity value of $4.1 billion based on Tesoro's closing stock price of $85.74 on November 16, 2016.

Aclaris Therapeutics, Inc. (NASDAQ: ACRS) 14% LOWER; intends to offer and sell, subject to market conditions, up to $65,000,000 of shares of its common stock in an underwritten public offering.

First Solar (NASDAQ: FSLR) 11.3% LOWER; Raises FY16 EPS Guidance by 30c, Lowers FY17; Reports $500M-$700M Impairment Charges

Universal American Corp. (NYSE: UAM) 10.8% HIGHER; WellCare Health Plans, Inc. (NYSE: WCG) and Universal American Corp. (NYSE: UAM) announced today that they have entered into a definitive agreement under which WellCare will acquire Universal American in an all cash transaction valued at $10.00 per share of common stock. This represents a 34 percent premium to Universal American's 60-day volume-weighted average closing stock price as of November 16, 2016.

NetApp (NASDAQ: NTAP) 10.6% HIGHER; reported Q2 EPS of $0.60, versus the analyst estimate of $0.54. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion. GUIDANCE: NetApp sees Q3 2017 EPS of $0.72-$0.77, versus the consensus of $0.65. NetApp sees Q3 2017 revenue of $1.325-1.475 billion, versus the consensus of $1.36 billion.

Children's Place (NASDAQ: PLCE) 8.5% HIGHER; reported Q3 EPS of $2.29, $0.27 better than the analyst estimate of $2.02. Revenue for the quarter came in at $473.8 million versus the consensus estimate of $461.98 million. Comparable Retail Sales Increase of 4.6%. GUIDANCE: Children's Place sees FY2016 EPS of $5.00-$5.05, versus prior guidance of $4.60-$4.70 and the consensus of $4.69.

The Hain Celestial Group, Inc. (Nasdaq: HAIN) 8% HIGHER; announced today that the Audit Committee of the Company's Board of Directors has concluded its independent review with external counsel into concessions with respect to certain distributors in the United States. Hain Celestial had previously announced on August 15, 2016 that during the fourth quarter of fiscal year 2016 it had identified concessions that were granted to certain distributors in the United States and that the Audit Committee had retained independent counsel to assist in its independent review of such matter. The review, which was extensive, found no evidence of intentional wrongdoing in connection with the Company's financial statements. Hain Celestial has begun to implement a remediation plan to strengthen its internal controls and organization.

Fox Factory Holding Corp. (Nasdaq: FOXF) 7.9% LOWER; offering said priced at $21

LPL Financial (Nasdaq: LPLA) 6.4% HIGHER; Charles Schwab (NYSE: SCHW) said to be among bidders

Incyte (NASDAQ: INCY) 6.2% HIGHER; gains amid Gilead's disappointing phase III data for their JAK 1/2 inhibitor momelotinib in myelofibrosis.

Plug Power Inc. (NASDAQ: PLUG) 6% HIGHER; signed a cooperative memorandum of understanding (MOU) with Zhangjiagang Furui Special Equipment Co., LTD (Furui), along with a leading Chinese industrial vehicle manufacturer, also identified as one of the big three Chinese automakers, to develop new fuel cell applications and fueling solutions to be utilized in the large and expanding industrial electric vehicle market in China.

Cisco Systems (NASDAQ: CSCO) 4.3% LOWER; reported Q1 EPS of $0.61, $0.02 better than the analyst estimate of $0.59. Revenue for the quarter came in at $12.4 billion versus the consensus estimate of $12.33 billion. GUIDANCE: Cisco Systems sees Q2 2017 EPS of $0.55-$0.57, versus the consensus of $0.59. Cisco Systems sees FY2017 EPS of $0.55-$0.00.

Planet Fitness, Inc. (NYSE: PLNT) 3.8% LOWER; announced that certain of its existing stockholders (the "Selling Stockholders") intend to offer for sale 15 million shares of its Class A common stock pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission.

SunPower (NASDAQ: SPWR) 3.8% LOWER; down on FSLR warning, downgraded at Baird.

Wal-mart (NYSE: WMT) 2.7% LOWER; reported Q3 EPS of $0.98, $0.02 better than the analyst estimate of $0.96. Revenue for the quarter came in at $118.2 billion versus the consensus estimate of $118.69 billion. Walmart U.S. comp sales increased 1.2%, driven by a traffic increase of 0.7%. Neighborhood Market comp sales increased approximately 5.2%. GUIDANCE: Wal-mart sees FY2017 EPS of $4.20-$4.35, versus the consensus of $4.34.

Performance Food Group Company (NYSE: PFGC) 2.5% LOWER; announced that certain of its stockholders, including affiliates of The Blackstone Group L.P., intend to offer for sale in an underwritten secondary offering 10,000,000 shares of common stock of the Company.

Chipotle Mexican Grill (NYSE: CMG) 1.6% LOWER; Guggenheim downgraded from Neutral to Sell with a price target of $315.00.

L Brands (NYSE: LB) 1.4% LOWER; reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $2.58 billion versus the consensus estimate of $2.57 billion. GUIDANCE: L Brands sees Q4 2016 EPS of $1.85-$2.00, versus the consensus of $2.03.

Microsoft (NASDAQ: MSFT) 1.3% HIGHER; Goldman Sachs upgraded from Neutral to Buy with a price target of $68.00 (from $60.00),

Amgen (Nasdaq: AMGN) 0.6% HIGHER; announced positive top-line results for erenumab from a global Phase 3, randomized, double-blind, placebo-controlled STudy to evaluate the efficacy and safety of erenumab in migRaIne preVEntion (STRIVE). These data showed the STRIVE study met the primary endpoint, demonstrating statistically significant reductions from baseline in monthly migraine days in patients with episodic migraine treated with either 70 mg or 140 mg erenumab compared with placebo. Erenumab is specifically designed to prevent migraine by blocking the Calcitonin Gene-Related Peptide (CGRP) receptor, which is believed to have a critical role in mediating the incapacitating pain of migraine.



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