Pre-Open Movers 07/06: (CRTO) (SBH) (TSLA) Higher; (OBSV) (VERI) (D) Lower (more...)

July 6, 2020 9:31 AM EDT

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Today's Pre-Open Stock Movers

AYRO, Inc. (NASDAQ: AYRO) 50% HIGHER; announced the completion of its factory expansion in Austin from 10,000 square feet to 24,000 square feet. The expansion includes new assembly lines and additional engineering and product development facilities to accommodate new staffing in battery technology, powertrain, supply chain, service and application services solutions.

ObsEva SA (NASDAQ: OBSV) 32.5% LOWER; announced top-line results from the PRIMROSE 1 and 2 studies of Yselty® (linzagolix) to assess the efficacy and safety in women with heavy menstrual bleeding due to uterine fibroids.

Criteo S.A. (NASDAQ: CRTO) 25.2% HIGHER; sees Q2 Revenue ex-TAC1 in the range of $174 million to $175 million, or down approximately 19% from prior year's second quarter at constant currency, including an estimated negative COVID-19 impact in the quarter of approximately $40 million. (*Consensus calls for Q2 revenue of $146.4 million).

Sally Beauty Holdings, Inc. (NYSE: SBH) 13.9% HIGHER; Provided an interim update on the impact of COVID-19 on its business operations and the aggressive actions taken by the Company in response, along with the release of select preliminary intra-period unaudited financial details for part of its fiscal third quarter. Aggressive Cash Management Continued in June; Cash On-hand Increased Significantly to More Than $815 million at End of June; Store Network Reopening Substantially Complete; Strong Consumer and Professional Demand in Reopened Stores; Enterprise-wide Estimated Sales For June of $348 Million; Up 9% from Prior Year and Up 33% from May E-commerce Growth Continues: Compared to the Prior Year, SBH +353% in April, +317% in May, and Estimated +155% in June

Genius Brands International (NASDAQ: GNUS) 6.8% HIGHER; Through a groundbreaking joint venture between Genius Brands International (NASDAQ: GNUS) and Stan Lee’s POW! Entertainment, an agreement has been struck to create Stan Lee Universe. Stan Lee Universe will assume worldwide rights, in perpetuity, to the name, physical likeness, physical signature, live-action and animated motion picture, television, online, digital, publishing, comic book, merchandising and licensing rights to Stan Lee and his IP creations past*, present, and going forward.

Immunomedics, Inc. (NASDAQ: IMMU) 5.7% HIGHER; announced that the confirmatory Phase 3 ASCENT study of Trodelvy (sacituzumab govitecan-hziy) met its primary endpoint of progression-free survival (PFS), as well as key secondary endpoints in brain metastasis negative patients with mTNBC who have previously received at least two prior therapies for metastatic disease.

Tesla (NASDAQ: TSLA) 5.6% HIGHER; JMP Securities raised the price target on to 'Street High' $1,500.00 (from $1,050.00) while maintaining a Market Outperform rating.

Veritone (NASDAQ: VERI) 4.7% LOWER; Craig-Hallum downgraded from Hold to Sell.

Crown Castle International Corp. (NYSE: CCI) 4.5% HIGHER; Elliott Management Corporation, which manages funds that collectively own an economic interest of $1 billion of Crown Castle International Corp. (NYSE: CCI), today released a letter and presentation outlining a path to greater strategic focus and value appreciation. The materials highlight the uniquely compelling value opportunity represented by Crown Castle's U.S. tower portfolio and the substantial improvement available in the Company's fiber business.

Dominion Energy (NYSE: D) 2.7% LOWER; today announced that it has executed a definitive agreement to sell substantially all of its Gas Transmission & Storage segment assets to an affiliate of Berkshire Hathaway Inc. (NYSE: BRK.A) in a transaction valued at $9.7 billion, including the assumption of $5.7 billion of existing indebtedness.

Duke Energy (NYSE: DUK) 2.4% LOWER; Dominion Energy (NYSE: D) and Duke Energy (NYSE: DUK) today announced the cancelation of the Atlantic Coast Pipeline ("ACP") due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the project.



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