Pre-Open Stock Movers 09/22: (CVNA) (SAVA) (FLGT) Higher; (VCNX) (NNOX) (TSLA) Lower (more...)

September 22, 2020 9:29 AM EDT

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Pre-Open Stock Movers:

Vaccinex (NASDAQ: VCNX) 59.2% LOWER; Phase 2 SIGNAL Study of Pepinemab in Huntington's Disease Did not Meet Co-Primary Endpoints

DAVIDsTEA Inc. (Nasdaq: DTEA) 33.8% HIGHER; 189.9% increase in e-commerce and wholesale sales to $23.0 million (representing 100% of sales for the quarter)

Carvana Co. (NYSE: CVNA) 24.3% HIGHER; expects to achieve company records in performance across several important metrics in Q3 2020, including: Retail units sold, Total revenue, Total gross profit per unit, EBITDA margin. Also, upgraded at Goldman Sachs.

Nanox (NASDAQ: NNOX) 18.5% LOWER; was mentioned as a new short at Muddy Waters Research. Muddy Waters said the company was, "a much bigger piece of garbage" than Nikola.

Cassava Sciences (NASDAQ: SAVA) 17.9% HIGHER; Director, Sanford Robertson, bought 36,281 shares on 09/18 at $8.92.

Five Prime Therapeutics (NASDAQ: FPRX) 9.9% HIGHER; Guggenheim upgraded from Neutral to Buy with a price target of $11.00.

Fulgent Genetics, Inc. (NASDAQ: FLGT) 9% HIGHER; will replace Garrett Motion Inc. (NYSE: GTX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, September 25.

Vroom (NASDAQ: VRM) 8% HIGHER; Goldman Sachs upgraded from Neutral to Buy with a price target of $60.00 (from $52.00).

GameStop (NYSE: GME) 7% HIGHER; amended 13D from 10% holder RC Ventures disclosing recent conversations with senior management and several members of the Board.

Qutoutiao (NASDAQ: QTT) 6.2% HIGHER; reported Q2 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $204 million versus the consensus estimate of $210.03 million.

Tesla (NASDAQ: TSLA) 5% LOWER; declines on Musk tweet ahead of Battery Day.

Pacific Ethanol (NASDAQ: PEIX) 5% HIGHER; BWS Financial initiates coverage on with a Buy rating and a price target of $20.50.

AutoZone (NYSE: AZO) 4.2% HIGHER; reported Q4 EPS of $30.93, $6.28 better than the analyst estimate of $24.65. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.13 billion. 4th Quarter Same Store Sales Increase 21.8%.

Peloton (NASDAQ: PTON) 3.5% LOWER; report discussing Amazon's (NASDAQ: AMZN) so-called Prime Bike that's made by rival Echelon.

Kingsoft Cloud Holdings Limited (NASDAQ: KC) 2.4% LOWER; announced the commencement of the offering of 8,000,000 American depositary shares (the “ADSs”), each representing 15 ordinary shares of the Company (the “Primary ADS Offering”). In addition, several selling shareholders are offering 9,677,310 ADSs of the Company (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”). Kingsoft Cloud will not receive any proceeds from the sale of ADSs by the selling shareholder. The Company intends to grant the underwriters of the ADS Offering a 30-day option to purchase up to an additional 2,651,600 ADSs from the Company.

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