Close

Pre-Open Stock Movers 03/20: (BLPH) (RAND) (CRWD) Higher; (LUB) (OLLI) Lower (more...)

March 20, 2020 9:31 AM EDT

Pre-Open Open Stock Movers

Bellerophon Therapeutics, Inc. (Nasdaq: BLPH) 575% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has granted emergency expanded access allowing its proprietary inhaled nitric oxide (iNO) delivery system, INOpulse®, to immediately be used for the treatment of COVID-19.

Rand Capital Corp (NASDAQ: RAND) 60% HIGHER; announced that its portfolio company, Rheonix Inc. is developing a coronavirus (COVID-19) test kit for use on its Encompass MDx® workstation. Upon Rheonixs receipt of emergency use authorization (EUA) from the Food and Drug Administration (FDA), the new test will allow for the fully automated detection of SARS-CoV-2 in respiratory specimens, facilitating testing at small and medium-sized labs in distributed locations.

GenMark Diagnostics (NASDAQ: GNMK) 58.6% HIGHER; announced FDA issued Emergency Use Authorization (EUA) for the company’s ePlex SARS-CoV-2 Test.

Luby's, Inc. (NYSE: LUB) 48.5% LOWER; warns amid COVID-19

Hertz Global (NYSE: HTZ) 22.9% HIGHER; possible bailout for industry

CrowdStrike Holdings Inc. (NASDAQ: CRWD) 19% HIGHER; reported Q4 EPS of ($0.02), $0.06 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $152.1 million versus the consensus estimate of $137.74 million. CrowdStrike Holdings Inc. sees Q1 2021 EPS of ($0.07)-($0.06), versus the consensus of ($0.08). CrowdStrike Holdings Inc. sees Q1 2021 revenue of $164.3-167.6 million, versus the consensus of $149.91 million. CrowdStrike Holdings Inc. sees FY2021 EPS of ($0.14)-($0.10), versus the consensus of ($0.53). CrowdStrike Holdings Inc. sees FY2021 revenue of $723.3-733.5 million, versus the consensus of $467.08 million.

SmileDirectClub, (Nasdaq: SDC) 14.2% HIGHER; is one of the largest 3D printing manufacturers in the United States, and as a result has opened its manufacturing facility to partner with medical supply companies and health organizations to increase production of medical supplies necessary to combat the COVID-19 pandemic. SmileDirectClub is actively seeking communications and partnerships with medical supply companies and health organizations that are in need of additional production of plastic materials such as medical face shields, respirator valves or other supplies.

Delek US Holding (NYSE: DK) 11.7% HIGHER; In a 13D filing on Delek US Holding (NYSE: DK), hedge fund Carl Icahn disclosed a 14.86%, or 10,911,880 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending December 31, 2019. Icahn believes that the Shares are undervalued and also that the Issuer could present an excellent synergistic acquisition opportunity for CVI's (NYSE: CVI) petroleum segment. Icahn intend to seek to have discussions with the Issuer regarding potential transactions involving the Issuer and CVI.

Avis Budget Group, Inc. (NYSE: CAR) 10.7% HIGHER; possible bailout for industry

Centennial Resource Development, Inc. (NASDAQ: CDEV) 8.2% LOWER; As a result of the recent decline in crude oil prices and ongoing uncertainty regarding the oil supply-demand macro environment, Centennial Resource Development, Inc. (Centennial or the Company) (NASDAQ: CDEV) today announced that it has reduced its operated rig program from five rigs at the beginning of the month to one currently. As a result, the Company anticipates that its capital expenditure budget for 2020 will be approximately fifty percent lower than the annual guidance ranges provided in late February, assuming the Company continues to run one rig for the remainder of the year.

Ollie's Bargain Outlet (NASDAQ: OLLI) 6.7% LOWER; reported Q4 EPS of $0.74, $0.01 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $422.4 million versus the consensus estimate of $439.04 million. With the uncertainty in the environment, we have seen increased sales pressure in recent days, and, as such, we will not be providing fiscal 2020 guidance at this time.

Waitr Holdings (NASDAQ: WTRH) 5.8% HIGHER; On-demand food ordering and delivery company adds to recent gains.

Danaher Corporation (NYSE: DHR) 3.5% HIGHER; announced today that the U.S. Federal Trade Commission has accepted the proposed consent order in connection with Danaher's definitive agreement with General Electric Company (NYSE: GE) to acquire the Biopharma business of GE Life Sciences.

Walmart (NYSE: WMT) 1.8% HIGHER; to Issue Special Bonus to Employees, Hire 150,000



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Carl Icahn, Crude Oil, 13D, Pre-Open Losers, Pre-Open Winners, Definitive Agreement, Pre Market Movers, FDA