Pre-Open Stock Movers 09/27: (RCAT) (NKAD) (XLRN) Higher; (BHVN) (RIDE) (H) Lower (more...)

September 27, 2021 9:17 AM EDT

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Pre-Open Stock Movers:

Red Cat Holdings, Inc. (Nasdaq: RCAT) 50% HIGHER; announces its subsidiary, Skypersonic, Inc., a leader in Confined Space drone technology, has been awarded a five-year contract with NASA to provide drone and rover software, hardware and support for its Simulated Mars mission.

Naked Brand Group Limited (NASDAQ: NAKD) 8.6% HIGHER; adds to recent gains

Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN) 4% LOWER; today announced results from a focused analysis of a clinical trial of verdiperstat in multiple system atrophy (MSA). Verdiperstat did not statistically differentiate from placebo on the prespecified primary efficacy measure, nor on the key secondary efficacy measures. Initial analysis of safety data was consistent with the overall profile of verdiperstat from prior clinical trial experience. Additional analyses are still pending, and full study results will be presented at an upcoming scientific meeting.

Acceleron Pharma (NASDAQ: XLRN) 3.8% HIGHER; is in advanced discussions to be acquired by a large pharmaceutical company for about $180 per share in cash, according to a report from Bloomberg after the market closed on Friday. The identity of the potential buyer couldn't be learned.

Lordstown Motors (NASDAQ: RIDE) 2.6% LOWER; Goldman Sachs downgraded from Neutral to Sell with a price target of $5.00.

Hyatt Hotels (NYSE: H) 2.4% LOWER; BofA Securities downgraded from Neutral to Underperform with a price target of $85.00.

Gores Guggenheim, Inc. (NASDAQ: GGPI) 2% HIGHER; EV company Polestar Performance, a subsidiary of Zhejiang Geely of China's Volvo, announced today that they have entered into a definitive business combination agreement with SPAC Gores Guggenheim, Inc. (NASDAQ: GGPI).

Amazon (NASDAQ: AMZN) 1.3% LOWER; Morgan Stanley lowered the price target on to $4,100.00 per share from the prior $4,300.00 amid rising logistics workforce costs.



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