Pre-Open Stock Movers 03/28: (KXIN) (HYMC) (TSLA) Higher; (BYND) (VIR) (MCHP) Lower (more...)

Pre-Open Stock Movers:

Kaixin Auto Holdings (NASDAQ: KXIN) 50% HIGHER; reached into a strategic partnership with Beijing Camping Club to order at least 20,000 new energy vehicles from Kaixin over the next five years.

Hycroft Mining Holding (Nasdaq: HYMC) 33% HIGHER; completed its previously disclosed $138.6 million "at-the-market" equity offering program.

BitNile Holdings, Inc. (NYSE American: NILE) 23% HIGHER; will pay off its senior secured notes this week

STAAR Surgical Company (NASDAQ: STAA) 16% HIGHER; The FDA has granted approval of the EVO/EVO+ Visian Implantable Collamer Lens (EVO) for the correction of myopia and myopia with astigmatism.

Beyond Meat (NASDAQ: BYND) 6% LOWER; Piper Sandler downgraded shares to Underweight from Neutral with a $29.00 per share price target, suggesting 40% downside.

Tesla, Inc. (NASDAQ: TSLA) 5% HIGHER; seeks shareholder approval for more shares to enable a stock split

Vir Biotechnology, Inc. (Nasdaq: VIR) 5% LOWER; GlaxoSmithKline plc (NYSE: GSK) and Vir announced the FDA has amended the Emergency Use Authorization (EUA) Fact Sheet for sotrovimab. The FDA has determined that, based on the totality of available evidence, including new live virus data generated by Vir, it is unlikely that the sotrovimab 500 mg dose will be effective against the Omicron BA.2 variant.

MicroStrategy (NASDAQ: MSTR) 5% HIGHER; Bitcoin prices rise

Coinbase Global, Inc. (NASDAQ: COIN) 4% HIGHER; Bitcoin prices rise.

Microchip Technology Incorporated (NASDAQ: MCHP) 3% LOWER; Goldman Sachs downgraded from Buy to Neutral with a price target of $79.00.

Qorvo, Inc. (NASDAQ: QRVO) 3% LOWER; Goldman Sachs downgraded from Buy to Neutral with a price target of $138.00.

Huntsman (NYSE: HUN) 2% HIGHER; the board authorized a doubling of its existing share repurchase program from $1 billion to $2 billion.

Teradyne (NASDAQ: TER) 2% LOWER; Goldman Sachs downgraded from Buy to Neutral with a price target of $127

Foot Locker (NYSE: FL) 2% LOWER; Cowen downgraded from Outperform to Market Perform with a price target of $34.00 on weak digital traffic and search trends.

Apple (NASDAQ: AAPL) 2% LOWER; reports the company will be reducing the output of its iPhone and AirPod devices as the war in Ukraine and inflation risks bear upon demand for consumer electronics.

Citi (NYSE: C) 1% LOWER; Morgan Stanley downgraded from Equalweight to Underweight with a price target of $60.00

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