Pre-Open Stock Movers 10/07: (PERI) (KIN) (LEVI) Higher; (CLSK) (LNDC) (DKNG) Lower (more...)

October 7, 2020 9:25 AM EDT

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Today's Pre-Open Stock Movers

CleanSpark, Inc. (Nasdaq: CLSK) 19% LOWER; announced the pricing of its previously announced underwritten public offering of 4,444,445 shares of common stock at a public offering price of $9.00 per share.

Phunware, Inc. (NASDAQ: PHUN) 16% HIGHER; announced today that it has completed two contracts with Honeywell (NYSE: HON) for developing a mobile integrated Smart Workplace solution that interoperates with

Perion Network (NASDAQ: PERI) 12.2% HIGHER; Increases Second Half 2020 Financial Guidance

Kindred Biosciences, Inc. (NASDAQ: KIN) 11.9% HIGHER; announced it has expanded an agreement with Vaxart, Inc. (Nasdaq: VXRT) for the manufacture of Vaxart's oral vaccine for COVID-19 and other vaccine candidates. The manufacturing services will be performed via Centaur Biopharmaceutical Services (Centaur), a wholly owned subsidiary of KindredBio that provides full service contract development and manufacturing services.

Landec (NASDAQ: LNDC) 10.2% LOWER; reported Q1 EPS of $0.11, $0.22 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $135.6 million versus the consensus estimate of $127.9 million. Landec sees FY2020 revenue of $530-550 million, versus the consensus of $541.1 million.

Levi (NYSE: LEVI) 9% HIGHER; reported Q3 EPS of $0.08, $0.30 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $1.1 million versus the consensus estimate of $822.24 million.

DraftKings Inc. (Nasdaq: DKNG) 7.5% LOWER; announced today the pricing of its previously announced underwritten public offering of 32 million shares of its Class A common stock. Renewed NFL Virus Issues

NanoString Technologies, Inc. (NASDAQ: NSTG) 7.4% LOWER; Announced that it intends to offer and sell, subject to market and other conditions, $150.0 million of shares of its common stock in an underwritten public offering pursuant to NanoString’s shelf registration statement. In connection with this offering, NanoString expects to grant the underwriters a 30-day option to purchase up to $22.5 million of additional shares of its common stock. NanoString intends to use the net proceeds of the offering for working capital and general corporate purposes.

Guardant Health, Inc. (Nasdaq: GH) 6.3% LOWER; announced today the commencement of a proposed underwritten public offering of 7,000,000 shares of its common stock being offered for sale by SoftBank Investment Advisers.

Sirius (NASDAQ: SIRI) 4.5% HIGHER; Howard Stern Nears Sirius (NASDAQ: SIRI) Deal That Would Pay About $120M/Year - Bloomberg Credit Suisse analyst Brian Russo upgraded Sirius XM Radio (NASDAQ: SIRI) from Neutral to Outperform with a price target of $7.50 (from $6.25).

Bandwidth Inc. (NASDAQ: BAND) 3.4% LOWER; Morgan Stanley downgraded from Equalweight to Underweight with a price target of $140.00.



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