Pre-Open Movers 09/18: (WPRT) (SAVA) (PIC) Higher; (CKPT) (ADMP) (BYND) Lower (more...)

Today's Pre-Open Stock Movers:

Westport Fuel Systems (NASDAQ: WPRT) 34.6% HIGHER; mentioned positive, with an analyst noting China Certification.

Cassava Sciences, Inc. (NASDAQ: SAVA) 23% HIGHER; sees insider buying

Pivotal Investment Corporation II (NYSE: PIC) 17.5% HIGHER; XL Fleet (XL or the Company), a leader in vehicle electrification solutions for commercial and municipal fleets, and Pivotal Investment Corporation II (NYSE: PIC) (Pivotal), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive merger agreement. Upon closing, the combined company will be named XL Fleet and is expected to remain listed on the New York Stock Exchange under a new ticker symbol, XL, with an anticipated implied enterprise value of approximately $1 billion and no material debt expected to be outstanding.

Checkpoint Therapeutics, Inc. (NASDAQ: CKPT) 12.3% LOWER; entered into an underwriting agreement with H.C. Wainwright & Co., LLC under which the underwriter has agreed to purchase on a firm commitment basis 7,142,857 shares of common stock of the Company, at a price to the public of $2.80 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about September 22, 2020, subject to satisfaction of customary closing conditions.

Dave & Buster's Entertainment, Inc. (Nasdaq: PLAY) 10.3% HIGHER; bounces after falling 4.5% intra-day on bankruptcy concerns. Upgraded at Stifel and Raymond James

Kezar Life Sciences, Inc. (Nasdaq: KZR) 10% HIGHER; highlighted data from the Phase 1b portion of the MISSION study demonstrating safety, tolerability and early efficacy signals of KZR-616 in patients with systemic lupus erythematosus (SLE) and lupus nephritis (LN) at the Pan-American Congress of Rheumatology (PANLAR 2020). The data were presented in a poster titled.

Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) 7.6% LOWER; announced today that it intends to offer to sell shares of its common stock in an underwritten public offering. The company expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Tesla, Inc. (NASDAQ: TSLA) 5.4% HIGHER; PT raised at Piper Jaffray and Wedbush

Beyond Meat Inc. (NASDAQ: BYND) 4.6% LOWER; JPMorgan downgraded from Neutral to Underweight with a price target of $122.00.

Aptive PLC. (NYSE: APTV) 4.5% HIGHER; Morgan Stanley analyst Adam Jonas raised the price target on to $150.00 (from $63.00) while maintaining an Overweight rating. Named Top Pick.

Essential Properties Realty Trust, Inc. (NYSE: EPRT) 3.2% LOWER; commenced an underwritten public offering of 8,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock. The Company expects to use the net proceeds from the offering for general corporate purposes, including potential future investments. All of the shares are being offered by the Company.

Facebook, Inc. (NASDAQ: FB) 1.7% HIGHER; Morgan Stanley analyst Brian Nowak raised the price target on Facebook (NASDAQ: FB) to $295.00 (from $285.00) after conducting a survey that shows 34%/28% of Americans use IG Reels/Shopping on a monthly basis, showcasing FB's ability to scale new use cases.

Snap Inc. (NASDAQ: SNAP) 1.6% HIGHER; WeChat, TikTok to be banned in U.S. on Sept 20

You May Also Be Interested In

• Midday movers: Goldman Sachs and Meta Platforms rise; Apple and Tesla fall
• Tesla stock slides 5% as two key executives leave the company amid new layoffs
• Macatawa Bank (MCBC) option IV into Wintrust Financial (WTFC) to acquire