Pre-Open Stock Movers 06/23: (SEAC) (XPEV) (NKLA) Higher; (GMTX) (EYES) (PDCO) Lower (more...)

June 23, 2021 9:27 AM EDT

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Pre-Open Stock Movers:

Gemini Therapeutics, Inc. (Nasdaq: GMTX) 35.7% LOWER; announced initial data from its Phase 2a ReGAtta study of GEM103 as of May 2021 in patients with geographic atrophy (GA) secondary to dry AMD. ReGAtta is a dose escalation trial of GEM103, which is intravitreally administered recombinant human complement factor H (CFH), in dry AMD patients. The trial, which remains ongoing, is designed to evaluate safety and tolerability, as well as measures of intraocular pharmacokinetics (PK) and disease-relevant biomarkers, to inform the late-stage development program.

SeaChange Int'l (NASDAQ: SEAC) 19% HIGHER; Chairman, Robert Pons, bought 100,000 shares on 06/21 at $1.06

Second Sight Medical Products, Inc. (NASDAQ: EYES) 16.5% LOWER; announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the Company. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Patterson Cos. (NASDAQ: PDCO) 10.6% LOWER; reported Q4 EPS of $0.38, $0.13 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.52 billion. Patterson Cos. sees FY2022 EPS of $1.90-$2.05, versus the consensus of $2.10.

    BioXcel Therapeutics, Inc. (Nasdaq: BTAI) 10.5% LOWER; announced the pricing of an underwritten public offering of 3,155,000 shares of common stock at a public offering price of $31.70 per share.

    Xpeng (NYSE: XPEV) 4.9% HIGHER; has been allowed to advance its plans to raise funds through the Hong Kong IPO, Reuters reports.

    Bentley Systems, Incorporated (Nasdaq: BSY) 3.6% LOWER; announced that it intends to offer $500.0 million aggregate principal amount of convertible senior notes due 2027 (the Notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Bentley also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75.0 million aggregate principal amount of Notes.

    Nikola Corporation (NASDAQ: NKLA) 3% HIGHER; NKLA and Wabash Valley Resources LLC (WVR) announced today that Nikola is investing $50 million in cash and stock in exchange for a 20% equity interest in the clean hydrogen project being developed in West Terre Haute, Ind.

    Carvana (NYSE: CVNA) 2.3% LOWER; JPMorgan downgraded from Overweight to Neutral with a price target of $325.00.

    WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) 1.8% LOWER; announced the launch of an underwritten, secondary offering (the Offering) of 14,000,000 shares (the Shares) of its common stock, par value $0.0001 per share (the Common Stock). The Shares are being offered by the Companys principal shareholder, Sapphire Holding S.Ã r.l., an entity controlled by TDR Capital (the Selling Stockholder). The Selling Stockholder granted the underwriter a 30-day option to purchase up to an additional 2,100,000 shares. The Company is not offering any shares in the Offering and will not receive any of the proceeds from the Offering.

    Huntington Bancshares (NASDAQ: HBAN) 1.7% HIGHER; Raymond James upgraded from Outperform to Strong Buy with a price target of $18.00.

    Shake Shack Inc. (NYSE: SHAK) 1.5% HIGHER; SHAK and licensee Maxims Caterers Limited are continuing the momentum in China with an expanded partnership to open 10 Shacks in new territories by 2031, including locations in Sichuan, Chongqing, Yunnan, Hubei, Shaanxi, Anhui, Henan and Guizhou.

    Clean Energy Fuels (NASDAQ: CLNE) 1.5% HIGHER; disclosed that on June 21, 2022, the Company contributed $50 million to the bpJV and forced conversion of bp's Class B Units into Class A Units.

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