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After-Hours Movers: Frontier Gains on Index Move, Mind Medicine Falls on Offering

September 27, 2022 5:45 PM EDT

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After-Hours Stock Movers:

Mind Medicine Inc. (Nasdaq: MNMD) 33% LOWER; today announced that it intends to offer and sell, subject to market conditions, common shares with accompanying warrants to purchase common shares in an underwritten public offering.

Frontier Communications (NASDAQ: FYBR) 6% HIGHER; will replace The Hain Celestial Group Inc. (NASDAQ: HAIN) in the S&P Midcap 400

The Hain Celestial Group Inc. (NASDAQ: HAIN) 4% HIGHER; Frontier Communications Parent Inc. (NASDAQ: FYBR) will replace The Hain Celestial Group Inc. (NASDAQ: HAIN) in the S&P Midcap 400 and The Hain Celestial Group will replace Hanger Inc. (NYSE: HNGR) in the S&P SmallCap 600

BlackBerry (NYSE: BB) 2% LOWER; reported Q2 EPS of ($0.05), $0.02 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $168 million versus the consensus estimate of $161.45 million.

Rumble Inc. (NASDAQ: RUM) 1% HIGHER; Russell Brand Says Moving Exclusively To Rumble From Youtube

Canopy Growth Corporation (NASDAQ: CGC) 1% HIGHER; announced today that the Company has entered into agreements to divest its retail business across Canada which includes the stores operating under the Tweed and Tokyo Smoke retail banners. The announcement reinforces the Company's focus on advancing its path to profitability as a premium brand-focused cannabis and consumer packaged goods (CPG) company.

Terns Pharmaceuticals (NASDAQ: TERN) 1% HIGHER; Goldman Sachs raised the price target to $9.00 (from $4.00) while maintaining a Buy rating.

Cal-Maine Foods (NASDAQ: CALM) 1% HIGHER; reported Q2 EPS of $2.57, $0.19 better than the analyst estimate of $2.38. Revenue for the quarter came in at $658.3 million versus the consensus estimate of $605.1 million.



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