Pre-Open Stock Movers 05/10: (CFMS) (PRTY) (BNTX) Higher; (TTD) (INSM) (COTY) Lower (more...)

May 10, 2021 9:28 AM EDT

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Pre-Open Stock Movers

Conformis, Inc. (NASDAQ: CFMS) 27.2% HIGHER; today announced 510(k) clearance by the U.S. Food and Drug Administration for the Companys Identity Imprint Knee Replacement System.

The Trade Desk Inc. (NASDAQ: TTD) 13.7% LOWER; reported Q1 EPS of $1.41, $0.64 better than the analyst estimate of $0.77. Revenue for the quarter came in at $219.8 million versus the consensus estimate of $216.9 million. The Trade Desk Inc. sees Q2 2021 revenue of $259-262 million, versus the consensus of $253.92 million. Announces 10-for-1 stock split.

Insmed Incorporated (Nasdaq: INSM) 11.3% LOWER; announced today that it intends to offer and sell $250 million of its common stock and $500 million aggregate principal amount of its convertible senior notes due 2028 in separate concurrent underwritten public offerings, a portion of which will be used to repurchase Insmed's existing outstanding convertible senior notes due 2025. In addition, Insmed intends to grant the underwriters of the offering of the Shares a 30-day option to purchase up to an additional 15% of the Shares and to the underwriters of the offering of the Notes a 30-day option, solely to cover over-allotments, to purchase up to an additional 15% in aggregate principal amount of the Notes.

Party City Holdco Inc. (NYSE: PRTY) 9.9% HIGHER; Total Sales increased 3.1% versus prior year; Comparable Sales Increased 35.9% versus prior year and 0.4% versus Q1 2019

BioNTech (NASDAQ: BNTX) 8.6% HIGHER; said its order backlog together with partner Pfizer for delivery of COVID-19 vaccines this year had grown to 1.8 billion doses, underscoring its role as a major global supplier of immunization shots.

Coty (NYSE: COTY) 6.8% LOWER; reported Q3 EPS of $0.00, $0.01 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.03 billion. Coty sees FY2021 revenue of $4.5-4.6 billion, versus the consensus of $4.57 billion.

iHeartMedia (NASDAQ: IHRT) 5.8% HIGHER; JPMorgan upgraded ifrom Neutral to Overweight with a price target of $29.00 (from $17.00).

FireEye, Inc. (NASDAQ: FEYE) 4.3% HIGHER; gains on Colonial Pipeline Hack

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