Pre-Open Stock Movers 01/26: (MAT) (DKNG) (MSFT) Higher; (TYME) (FFIV) (NAVI) Lower (more...)

January 26, 2022 9:20 AM EST
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Price: $0.27 +3.85%

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Pre-Open Stock Movers:

TYME Technologies, Inc. (Nasdaq: TYME) 44% LOWER; today announced the discontinuation of SM-88 with MPS in the Precision Promise trial in metastatic pancreatic cancer (mPDAC) upon learning from the trial sponsor, Pancreatic Cancer Action Network (PanCAN), that it terminated the arm due to futility compared to the control of standard of care chemotherapy in second-line mPDAC. Based on the information provided by PanCAN, the overall survival for SM-88 with MPS in monotherapy was lower compared to standard of care chemotherapies with either Gemcitabine and Abraxane or modified FOLFIRINOX.

Exela Technologies, Inc. (NASDAQ: XELA) 26% HIGHER; announced today that it has commenced an offer (the Offer) to holders of Exelas outstanding shares of common stock (the Common Stock), to exchange up to 100,000,000 shares of Common Stock for up to $100,000,000 aggregate principal amount of its unsecured 6.00% senior notes due 2029 (the New Notes). The Offer is being made pursuant the exemption from the registration requirements of the Securities Act of 1933 contained in Section 3(a)(9) for the New Notes. Under that exemption, if Common Stock tendered is freely tradable, the New Notes received in the exchange will be freely tradable. If the Common Stock tendered in the exchange is restricted, the New Notes will be restricted to the same degree. The Offer is being made pursuant to the terms and subject to the conditions set forth in the Offer to Exchange dated January 26, 2022, as may be amended or supplemented in accordance with the terms thereof.

F5 Networks (NASDAQ: FFIV) 12.6% LOWER; reported Q1 EPS of $2.89, $0.11 better than the analyst estimate of $2.78. Revenue for the quarter came in at $687 million versus the consensus estimate of $676 million. F5 Networks sees Q2 2022 revenue of $610-650 million, versus the consensus of $692.3 million.

Navient (NASDAQ: NAVI) 10.9% LOWER; reported Q4 EPS of $0.78, $0.08 worse than the analyst estimate of $0.86.

Mattel, Inc. (NASDAQ: MAT) 8.4% HIGHER; announced a multi-year global licensing agreement for the Disney Princess and Frozen franchises. Mattel will have the global licensing rights to develop lines of toys for Disney Consumer Products, Games and Publishing, including fashion dolls, small dolls, and figures. The collection is expected to launch at retailers around the globe at the beginning of 2023.

DraftKings Inc. (NASDAQ: DKNG) 7% HIGHER; Morgan Stanley upgraded from Equalweight to Overweight with a price target of $31.00.

Stride Inc. (NYSE: LRN) 5.6% HIGHER; reported Q2 EPS of $1.00, $0.23 better than the analyst estimate of $0.77. Revenue for the quarter came in at $409.5 million versus the consensus estimate of $395.23 million. Stride Inc. sees Q3 2022 revenue of $405-415 million, versus the consensus of $393.93 million. Stride Inc. sees FY2022 revenue of $1.62-1.64 billion, versus the consensus of $1.59 billion.

Microsoft (NASDAQ: MSFT) 5.4% HIGHER; reported Q2 EPS of $2.48, $0.17 better than the analyst estimate of $2.31. Revenue for the quarter came in at $51.7 billion versus the consensus estimate of $50.88 billion.

Texas Instruments (NASDAQ: TXN) 4.7% HIGHER; reported Q4 EPS of $2.27, $0.33 better than the analyst estimate of $1.94. Revenue for the quarter came in at $4.83 billion versus the consensus estimate of $4.43 billion. Texas Instruments sees Q1 2022 EPS of $2.01-$2.29, versus the consensus of $1.90. Texas Instruments sees Q1 2022 revenue of $4.5-4.9 billion, versus the consensus of $4.36 billion.

Moderna (NASDAQ: MRNA) 4.2% HIGHER; Deutsche Bank upgraded from Sell to Hold with a price target of $175.00 (from $200.00).

Energous Corporation (Nasdaq: WATT) 2.9% HIGHER; announced that its 1W WattUp PowerBridge transmitter has received regulatory approval from the Innovation, Science and Economic Development Canada (ISED), the countrys technology regulatory body, for RF-based power transfer at any distance.

Marten Transport (NASDAQ: MRTN) 2.3% HIGHER; reported Q4 EPS of $0.30, $0.04 better than the analyst estimate of $0.26. Revenue for the quarter came in at $266.9 million versus the consensus estimate of $262.42 million.



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