Pre-Open Stock Movers 01/12: (OCGN) (RKLB) (NXPI) Higher; (BIIB) (CCOI) (RC) Lower (more...)

January 12, 2022 9:29 AM EST
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Price: $3.17 -6.21%

Overall Analyst Rating:
    NEUTRAL (Down Down)

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Pre-Open Stock Movers:

Ocugen, Inc. (NASDAQ: OCGN) 8.6% HIGHER; and its partner, Bharat Biotech announced results from a study conducted at Emory University demonstrating that sera from subjects who received a booster dose of candidate vaccine COVAXIN (BBV152) six months after getting a primary two-dose series of COVAXIN (BBV152) neutralized the SARS-CoV-2 Omicron and Delta variants. Earlier studies demonstrated the neutralizing potential of COVAXIN (BBV152) against SARS-CoV-2 Variants of Concern Alpha, Beta, Delta, Zeta and Kappa.

Rocket Lab USA (NASDAQ: RKLB) 7.3% HIGHER; Morgan Stanley initiates coverage with an Overweight rating and a price target of $17.00.

Biogen (NASDAQ: BIIB) 7.3% LOWER; Medicare Limits Coverage Of Biogen (NASDAQ: BIIB) Alzheimer's Drug.

Bed Bath & Beyond (NASDAQ: BBBY) 5% HIGHER; sees a cluster of insider buys.

DISH Network (NASDAQ: DISH) 4.6% HIGHER; DirecTV and DISH Network (NASDAQ: DISH) are in fresh talks to merge, according to a report overnight from the New York Post, citing sources.

Mainz Biomed N.V. (NASDAQ: MYNZ) 4.4% HIGHER; Announced today the appointment of Dr. Michele Pedrocchi to its Strategic Advisory Board.

Cogent Communications (NASDAQ: CCOI) 3.7% LOWER; Wells Fargo downgraded from Equal Weight to Underweight with a price target of $65.00.

Snowflake Inc. (NYSE: SNOW) 2.9% HIGHER; Barclays upgraded from Equalweight to Overweight with a price target of $393.00.

Ready Capital Corporation (NYSE: RC) 2.8% LOWER; Announced that it is commencing an underwritten public offering of 6,000,000 shares of common stock.

Shopify (NYSE: SHOP) 2.6% HIGHER; William Blair upgraded from Market Perform to Outperform.

Ally Financial Inc. (NYSE: ALLY) 2.4% HIGHER; announced today that its board of directors has authorized the company to repurchase up to $2.0 billion of its common stock, effective until Dec. 31, 2022. Ally recently completed a $2.0 billion share repurchase program in 2021, and expects to begin repurchasing shares in the first quarter of 2022. Additionally, the board of directors declared a quarterly cash dividend of $0.30 per share of the company's common stock, representing a 20% increase compared to the company's prior quarterly cash dividend. The dividend will be payable on Feb. 15, 2022 to stockholders of record on Feb. 1, 2022.

Eli Lilly and Company (NYSE: LLY) 2% LOWER; falls on Biogen CMS headlines.

DoorDash Inc. (NYSE: DASH) 1.7% HIGHER; Evercore ISI upgraded from In Line to Outperform with a price target of $256.00.

PayPal (NASDAQ: PYPL) 1.1% LOWER; ​Jefferies downgraded shares to Hold from Buy with a price target of $200.00 per share (down from $255.00).

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