Pre-Open Stock Movers 10/08: (EV) (ATEC) (IBM) Higher; (CYTK) (DPZ) (AMGN) Lower (more...)
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Pre-Open Stock Movers:
Eaton Vance Corp. (NYSE: EV) 46% HIGHER; Morgan Stanley (NYSE: MS) and Eaton Vance Corp. (NYSE: EV) have entered into a definitive agreement under which Morgan Stanley will acquire Eaton Vance, a leading provider of advanced investment strategies and wealth management solutions with over $500 billion in assets under management (AUM), for an equity value of approximately $7 billion. The acquisition advances Morgan Stanleys strategic transformation with three world-class businesses of scale: Institutional Securities, Wealth Management and Investment Management.
Cytokinetics (NASDAQ: CYTK) 38.6% LOWER; Amgen (AMGN), Cytokinetics (CYTK) And Servier Announce Phase 3 Trial Of Omecamtiv Mecarbil In Patients With Heart Failure Achieved Primary Composite Efficacy Endpoint, No Reduction in Secondary.
Alphatec Holdings (NASDAQ: ATEC) 22.2% HIGHER; Prelim. Q3 Revenue Tops Consensus
FuelCell Energy (NASDAQ: FCEL) 16.2% HIGHER; JPMorgan initiates coverage on with an Overweight rating.
IBM (NYSE: IBM) 7.2% HIGHER; announced today it will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients. Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company ("NewCo"). This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value.
Regency Energy Partners LP (NASDAQ: RGP) 7.2% LOWER; reported Q2 EPS of $0.14, $0.07 better than the analyst estimate of $0.07. Revenue for the quarter came in at $147.3 million versus the consensus estimate of $150.37 million.
Saratoga Investment (NYSE: SAR) 6.2% HIGHER; reported Q2 EPS of $0.49, $0.23 better than the analyst estimate of $0.26.
Coty Inc. (NYSE: COTY) 6% HIGHER; announces the launch of direct-to-consumer flagship websites for Kylie Skin in the United Kingdom, France, Germany and Australia. As one of the fastest-growing and most-engaged beauty brands on social media, global accessibility is key to our brand mission.
Domino's Pizza (NYSE: DPZ) 5.1% LOWER; reported Q3 EPS of $2.49, $0.22 worse than the analyst estimate of $2.71. Revenue for the quarter came in at $967.72 million versus the consensus estimate of $943.77 million.
Gladstone Land Corporation (NASDAQ: LAND) 4.2% LOWER; plans to sell shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase additional shares of common stock solely to cover over-allotments, if any. Janney Montgomery Scott LLC is acting as book-running manager for the offering.
Amgen (NASDAQ: AMGN) 3.5% LOWER; Amgen, Cytokinetics (CYTK) And Servier Announce Phase 3 Trial Of Omecamtiv Mecarbil In Patients With Heart Failure Achieved Primary Composite Efficacy Endpoint, No Reduction in Secondary.
Tesla (NASDAQ: TSLA) 2.9% HIGHER; upgraded to Buy at New Street Research
Citigroup Inc (NYSE: C) 1.3% LOWER; has agreed to pay a $400 million penalty for failing to address "several longstanding deficiencies" across the company, U.S. banking regulators said on Wednesday.
Tesla (NASDAQ: TSLA) 0.8% HIGHER; New Street Research upgraded from Neutral to Buy with a 'Street High' price target of $578, saying they see a decade of hyper-growth ahead.
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Related EntitiesJPMorgan, Citi, Morgan Stanley, Janney Montgomery Scott, Tesla, Pre-Open Losers, Pre-Open Winners, Definitive Agreement, Pre Market Movers
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