Pre-Open Movers 08/27: (VBIV) (BMCH) (ABT) Higher; (QDEL) (FLDM) (FLGT) Lower (more...)

August 27, 2020 9:31 AM EDT

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Pre-Open Stock Movers

VBI Vaccines (NASDAQ: VBIV) 28.4% HIGHER; Raymond James upgrades to 'Strong Buy', which included comments that ''This Might Be the Best COVID Vaccine'.

BMC Stock Holdings, Inc. (NASDAQ: BMCH) 21.6% HIGHER; Builders FirstSource, Inc. (NASDAQ: BLDR) (Builders FirstSource) and BMC Stock Holdings, Inc. (NASDAQ: BMCH) (BMC), today announced that they have entered into a definitive merger agreement under which Builders FirstSource and BMC will combine in an all-stock merger transaction to create the nations premier supplier of building materials and services. The companies will host a joint conference call today at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) to discuss the transaction.

Quidel Corp (NASDAQ: QDEL) 22% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

Fluidigm Corporation (NASDAQ: FLDM) 13.8% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

Abercrombie & Fitch (NYSE: ANF) 12.9% HIGHER; reported Q2 EPS of $0.23, $1.06 better than the analyst estimate of ($0.83). Revenue for the quarter came in at $698 million versus the consensus estimate of $658.44 million.

OraSure Technologies, Inc. (NASDAQ: OSUR) 11.5% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

Fulgent Genetics, Inc. (NASDAQ: FLGT) 10.7% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

AudioEye, Inc. (NASDAQ: AEYE) 10% LOWER; announced the launch of an underwritten registered public offering of shares of its common stock.

Hologic (NASDAQ: HOLX) 10% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

GenMark Diagnostics, Inc. (NASDAQ: GNMK) 9.2% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

Abbott (NYSE: ABT) 8.9% HIGHER; announced today that the U.S. Food and Drug Administration (FDA) has issued Emergency Use Authorization (EUA) for its BinaxNOW COVID-19 Ag Card rapid test for detection of COVID-19 infection. Abbott will sell this test for $5. It is highly portable (about the size of a credit card), affordable and provides results in 15 minutes. BinaxNOW uses proven Abbott lateral flow technology, making it a reliable and familiar format for frequent mass testing through their healthcare provider. With no equipment required, the device will be an important tool to manage risk by quickly identifying infectious people so they don't spread the disease to others.

NetApp (NASDAQ: NTAP) 8.1% HIGHER; reported Q1 EPS of $0.73, $0.32 better than the analyst estimate of $0.41. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.15 billion. NetApp sees Q2 2021 EPS of $0.66-$0.74, versus the consensus of $0.77. NetApp sees Q2 2021 revenue of $1.23-1.38 billion, versus the consensus of $1.24 billion.

Builders FirstSource, Inc. (NASDAQ: BLDR) 8% HIGHER; Builders FirstSource and BMC Stock Holdings, Inc. (NASDAQ: BMCH) (BMC), today announced that they have entered into a definitive merger agreement under which Builders FirstSource and BMC will combine in an all-stock merger transaction to create the nations premier supplier of building materials and services. The companies will host a joint conference call today at 7:30 a.m. Central Time (8:30 a.m. Eastern Time) to discuss the transaction.

Box (NYSE: BOX) 7.6% HIGHER; reported Q2 EPS of $0.18, $0.06 better than the analyst estimate of $0.12. Revenue for the quarter came in at $192.3 million versus the consensus estimate of $189.56 million. Box sees Q3 2021 EPS of $0.13-$0.15, versus the consensus of $0.12. Box sees Q3 2021 revenue of $193-195 million, versus the consensus of $192.8 million. Box sees FY2021 EPS of $0.56-$0.60, versus the consensus of $0.50. Box sees FY2021 revenue of $767-770 million, versus the consensus of $765.1 million.

Sorrento Therapeutics, Inc. (NASDAQ: SRNE) 7% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

Quest Diagnostics (NYSE: DGX) 7% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

Becton, Dickinson (NYSE: BDX) 6.7% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

Laboratory Corporation of America Holdings (NYSE: LH) 5% LOWER; falls on Abbott's new rapid BinaxNOW COVID-19 test

GrowGeneration (NASDAQ: GRWG) 5% HIGHER; Stifel initiates coverage on with a Buy rating and a price target of $22.00.

Williams-Sonoma (NYSE: WSM) 4.9% LOWER; reported Q2 EPS of $1.80, $0.80 better than the analyst estimate of $1.00. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.47 billion.

Lannett (NYSE: LCI) 4.5% LOWER; reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $137.9 million versus the consensus estimate of $134.26 million. Lannett sees FY2021 revenue of $520-545 million, versus the consensus of $542.1 million.

Odonate Therapeutics, Inc. (NASDAQ: ODT) 4.2% LOWER; announced that it has commenced an underwritten public offering of shares of its common stock.

Splunk (NASDAQ: SPLK) 3.3% LOWER; reported Q2 EPS of ($0.33), in-line with the analyst estimate of ($0.33). Revenue for the quarter came in at $492 million versus the consensus estimate of $522.52 million. Splunk sees Q3 2021 revenue of $600-621 million, versus the consensus of $644.74 million.

DraftKings (NASDAQ: DKNG) 0.8% LOWER; reports the NBA postponed playoff games amid a boycott of recent police shootings.



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