Pre-Open Movers: ironSource Gains on Deal News, Li Auto Falls Following Results

August 15, 2022 9:19 AM EDT

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Pre-Open Stock Movers:

Unity Biotechnology Inc (NASDAQ: UBX) 21% HIGHER; Citi raises its price target to $8.00 (from $5.00) while maintaining a Buy rating following Friday's positive data.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) 16% HIGHER; sees sharp gains, adding to recent momentum.

ironSource (NYSE: IS) 14% HIGHER; Unity (NYSE: U) unanimously rejected AppLovin’s unilateral, non-binding, all-stock proposal with Unity and strongly reaffirmed its commitment to a merger with ironSource.

PlayAGS (NYSE: AGS) 11% HIGHER; confirms receipt of non-binding indication of interest to purchase Company for $10 per share.

Vroom (NASDAQ: VRM) 3% LOWER; JPMorgan downgraded from Neutral to Underweight.

Shift Technologies Inc. (NASDAQ: SFT) 3% LOWER; JPMorgan downgraded from Neutral to Underweight.

Li Auto Inc. (NASDAQ: LI) 3% LOWER; reported a 2Q adjusted EPS loss of $(0.02), compared to an EPS of $0.01 in the year-ago period, while analysts were expecting an EPS loss of $(0.06). Revenue came in at $1.30 billion, up 73.3% YoY.

Illinois Tool Works (NYSE: ITW) 2% LOWER; ​Deutsche Bank downgraded from Hold to Sell with a price target of $188.00.

Cisco Systems (NASDAQ: CSCO) 1% LOWER; Citi said the company is losing market share.

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Deutsche Bank, JPMorgan, Citi, Pre-Open Losers, Pre-Open Winners, Definitive Agreement, Pre Market Movers