Pre-Open Stock Movers 09/24: (VTVT) (AEHR) (PRGS) Higher; (ONTX) (HLBZ) (MARA) Lower (more...)

September 24, 2021 9:27 AM EDT

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Pre-Open Stock Movers:

vTv Therapeutics Inc. (Nasdaq: VTVT) 19.2% HIGHER; announced results of a multiple ascending dose study evaluating HPP737, an orally administered phosphodiesterase type 4 (PDE4) inhibitor, in healthy adults. The trial enrolled 12 subjects in each of two dose cohorts, 15mg and 20mg, randomized to receive HPP737 or placebo (3:1) orally once daily for 14 days. Dose escalation up to 20mg/day demonstrated approximate dose proportional increases in exposure, while maintaining a favorable safety and tolerability profile with no dose limiting safety or tolerability findings observed. There were no serious adverse events and no discontinuations due to treatment emergent adverse events. vTv therefore believes that the current safety profile allows it to move forward in development with a drug that may achieve anti-inflammatory and anti-psoriatic responses without the significant safety issues of other PDE4 inhibitors. Results of the two multiple ascending dose studies conducted by vTv to date will be presented at an upcoming scientific conference focused on dermatology.

Aehr Test Systems (NASDAQ: AEHR) 14.9% HIGHER; announced financial results for its first quarter of fiscal 2022 ended August 31, 2021. The Company also raised its revenue guidance for fiscal 2022 by approximately 80% to at least $50 million.

Onconova Therapeutics, Inc. (NASDAQ: ONTX) 12.3% LOWER; announced that it intends to offer and sell shares of its common stock in an underwritten public offering.

Helbiz (NASDAQ: HLBZ) 10.2% LOWER; announced its official arrival in California, where it will deploy safe and innovative e-scooters throughout Santa Barbara County after securing a one-year permit. The initial fleet will roll out in Isla Vista, with plans to expand throughout the County.

Marathon Digital Holdings, Inc. (NASDAQ: MARA) 7.3% LOWER; bitcoin drops on China crackdown

Bit Digital, Inc. (NASDAQ: BTBT) 7% LOWER; bitcoin drops on China crackdown

Riot Blockchain, Inc. (NASDAQ: RIOT) 6.9% LOWER; bitcoin drops on China crackdown

Progress Software Corporation (NASDAQ: PRGS) 6.8% HIGHER; reported Q3 EPS of $1.18, $0.36 better than the analyst estimate of $0.82. Revenue for the quarter came in at $152.6 million versus the consensus estimate of $131 million. Progress Software Corporation sees FY2021 EPS of $3.68-$3.70, versus the consensus of $3.47. Progress Software Corporation sees FY2021 revenue of $548-552 million, versus the consensus of $533.2 million.

Nike (NYSE: NKE) 5% LOWER; reported Q1 EPS of $1.16, $0.05 better than the analyst estimate of $1.11. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.46 billion.

Cloudflare Inc. (NYSE: NET) 3.7% LOWER; Oppenheimer downgraded from Outperform to Perform citing competition, valuation and COVID-19 comps.

Coinbase Global, Inc. (NASDAQ: COIN) 3.2% LOWER; bitcoin drops on China crackdown

Roku Inc. (NASDAQ: ROKU) 2.5% LOWER; Wells Fargo downgraded from Overweight to Equal Weight, PT $350.00.

Vail Resorts (NYSE: MTN) 1.4% LOWER; reported Q4 EPS of ($3.49), $0.03 worse than the analyst estimate of ($3.46). Revenue for the quarter came in at $204.2 million versus the consensus estimate of $185.9 million.

Costco (NASDAQ: COST) 0.6% HIGHER; reported Q4 EPS of $3.76, $0.19 better than the analyst estimate of $3.57. Revenue for the quarter came in at $62.68 million versus the consensus estimate of $61.3 million.



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