Pre-Open Stock Movers 02/04: (MXWL) (ULTI) (EOLS) Higher; (MGNX) (MTCH) (PEGI) Lower (more...)

February 4, 2019 9:25 AM EST
Get Alerts MXWL Hot Sheet
Price: $4.48 --0%

Overall Analyst Rating:
    NEUTRAL (= Flat)

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Today's Pre-Open Movers

Maxwell Technologies, Inc. (Nasdaq: MXWL) 52% HIGHER; announced it has entered into a definitive agreement to be acquired by Tesla, Inc. (Nasdaq: TSLA). Tesla will commence an all stock exchange offer for all the issued and outstanding shares of the Company, after which the Company will be merged with a Tesla subsidiary and become a wholly owned subsidiary of Tesla. The Offer will value each share of Maxwell common stock at $4.75 per share.

Ultimate Software (Nasdaq: ULTI) 19.4% HIGHER; entered into a definitive merger agreement to be acquired by an investor group led by Hellman & Friedman (H&F), a leading private equity investment firm, in an all-cash transaction for $331.50 per share in cash representing an aggregate value of approximately $11 billion after which Ultimate Software (Ultimate) will operate as a privately held company.

Evolus, Inc. (NASDAQ: EOLS) 13.8% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has approved its lead product, Jeuveau, for the temporary improvement in the appearance of moderate to severe glabellar lines associated with corrugator and/or procerus muscle activity in adults.

Halozyme Therapeutics, Inc. (NASDAQ: HALO) 9.2% HIGHER; argenx (NASDAQ: ARGX) and Halozyme Therapeutics, Inc. (NASDAQ: HALO) today announced a global collaboration and license agreement that enables use by argenx of Halozyme's ENHANZE® drug delivery technology to develop multiple subcutaneous product formulations for current or future argenx product candidates. The agreement provides argenx exclusive access to ENHANZE® for any product targeting the human neonatal Fc receptor FcRn, including argenx's lead asset efgartigimod (ARGX-113) and up to two additional targets, potentially shortening drug administration time, reducing healthcare practitioner time, and offering additional flexibility and convenience for patients.

MacroGenics (NASDAQ: MGNX) 6.7% LOWER; Citi downgraded from Neutral to Sell with a price target of $10.00 (from $22.00).

Liberty (Nasdaq: LEXEA) 6.3% HIGHER; Expedia (NASDAQ: EXPE) disclosed an offer to acquire the outstanding shares of Liberty (Nasdaq: LEXEA) in a business combination transaction.

Match Group (NASDAQ: MTCH) 5.7% LOWER; Goldman Sachs initiates coverage with a Sell rating and a price target of $45.00.

Papa Johns International, Inc. (NASDAQ: PZZA) 5.6% HIGHER; announced that it has entered into a securities purchase agreement with Starboard Value LP pursuant to which Starboard is making a $200 million strategic investment in the Company with the option to make an additional $50 million investment through March 29, 2019, as described below. In connection with the investment, the Papa Johns Board of Directors is expanding to include two new independent directors, including Jeffrey C. Smith, Chief Executive Officer of Starboard, who has been appointed Chairman of the Papa Johns Board, and Anthony M. Sanfilippo, former Chairman and Chief Executive Officer of Pinnacle Entertainment, Inc.

Intercept Pharmaceuticals (NASDAQ: ICPT) 3.8% HIGHER; Raymond James upgraded from Outperform to Strong Buy with a price target of $184.00 (from $125.00).

JinkoSolar Holding Co., Ltd. (NYSE: JKS) 3.6% HIGHER; Roth Capital upgraded from Neutral to Buy and initiated a price target of $20 based on a 6.7 multiple of 2019 Earnings.

Alexion Pharma (NASDAQ: ALXN) 2.7% HIGHER; reported Q4 EPS of $2.14, $0.32 better than the analyst estimate of $1.82. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.06 billion. Alexion Pharma sees FY2019 EPS of $9.10-$9.30, versus the consensus of $8.73. Alexion Pharma sees FY2019 revenue of $4.625-4.7 billion, versus the consensus of $4.75 billion.

Yelp (NYSE: YELP) 2.5% HIGHER; Goldman Sachs initiates coverage on with a Buy rating and a price target of $42.00.

Pattern Energy Group (NASDAQ: PEGI) 1.6% LOWER; Macquarie downgraded from Neutral to Underperform with a price target of $18.50 (from $19.50).



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