Pre-Open Stock Movers 02/24: (NGM) (NNVC) (A[T) Higher; (EPZM) (AMD) (AAPL) Lower (more...)

February 24, 2020 9:24 AM EST

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Today's Pre-Open Stock Movers

NGM Biopharmaceuticals, Inc. (NASDAQ: NGM) 56.8% HIGHER; announced positive preliminary topline results from the 24-week double-blind, randomized, placebo-controlled cohort (Cohort 4) of an adaptive Phase 2 study evaluating the efficacy, safety and tolerability of 1 mg aldafermin in patients with biopsy-confirmed non-alcoholic steatohepatitis (NASH) with stage 2 or 3 liver fibrosis (F2-F3). Aldafermin (formerly NGM282), NGM’s lead wholly-owned drug candidate, is an engineered variant of the human hormone FGF19 being developed as a once-daily treatment for patients with NASH. Cohort 4 was powered to demonstrate the effect of aldafermin treatment versus placebo on the primary endpoint of change in absolute liver fat content (LFC), which achieved statistical significance. In addition, the study assessed secondary and exploratory endpoints of liver histology and biomarkers of disease activity, many of which also achieved statistical significance.

NanoViricides (NYSE: NNVC) 43.7% HIGHER; Coronavirus stocks ramp on the global spread, which may lead to a 'pandemic'.

Alpha Pro Tech Ltd. (NYSE: APT) 16% HIGHER; Coronavirus stocks ramp on the global spread, which may lead to a 'pandemic'.

Epizyme (NASDAQ: EPZM) 13.2% LOWER; reported Q2 EPS of ($0.59), $0.09 worse than the analyst estimate of ($0.50). Revenue for the quarter came in at $4.29 million versus the consensus estimate of $3.08 million.

Senseonics Holdings (NYSE: SENS) 11% HIGHER; In a 13G filing, hedge fund Soros Capital disclosed a 5.09%, or 10,916,666 share, stake in the company.

Inovio Pharmaceuticals, Inc. (NASDAQ: INO) 10% HIGHER; In a 13G filing, hedge fund Soros Capital disclosed a 5.09%, or 10,916,666 share, stake in the company.

Co-Diagnostics (NASDAQ: CODX) 9% HIGHER; Coronavirus stocks ramp on the global spread, which may lead to a 'pandemic'.

Lakeland Industries (NASDAQ: LAKE) 9% HIGHER; Coronavirus stocks ramp on the global spread, which may lead to a 'pandemic'.

AMD (NYSE: AMD) 9% LOWER; chip stocks lower on coronavirus fears

Tesla, Inc. (NASDAQ: TSLA) 6.8% LOWER; Chowdhry said the company is likely impacted by part shortages coming from China.

United Therapeutics Corporation (NASDAQ: UTHR) 5.9% HIGHER; United Therapeutics and DEKA Research & Development Corp. today announced receipt of an additional 510(k) clearance by the U.S. Food and Drug Administration (FDA) related to the Unity Subcutaneous Delivery System for Remodulin® (treprostinil) Injection, also referred to as the Remunity pump, enabling United Therapeutics to launch the system using drug reservoirs that have been prefilled by specialty pharmacies

Royal Caribbean (NYSE: RCL) 5% LOWER; cruise lines down on coronavirus fears

Apple Inc. (NASDAQ: AAPL) 4.7% LOWER; coronavirus fears

United Airlines (NYSE: UAL) 3.7% LOWER; airlines down on coronavirus fears

Domino's Pizza, Inc. (NYSE: DPZ) 3.2% LOWER; downgraded at Cowen

McDonald's (NYSE: MCD) 3% LOWER; coronavirus fears

Xperi Corporation (Nasdaq: XPER) 2.3% HIGHER; announced that it has received an unsolicited, non-binding proposal from Metis Ventures LLC to acquire all of the outstanding equity of Xperi for $23.30 per share in cash.



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