Pre-Open Stock Movers 10/14: (OPAD) (HBP) (UNH) Higher; (ETWO) (DPZ) (KIDS) Lower (more...)

October 14, 2021 9:27 AM EDT

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Pre-Open Stock Movers:

Offerpad Solutions Inc. (NYSE: OPAD) 12.5% HIGHER; JMP Securities initiates coverage on with a Market Outperform rating and a price target of $12.00.

Huttig Building Products, Inc. (NASDAQ: HBP) 11.7% HIGHER; announced that its Board of Directors, consistent with its strategic review process and in consultation with its financial and legal advisors, has initiated a process to evaluate potential strategic alternatives to maximize shareholder value.

E2open (NYSE: ETWO) 8% LOWER; reported Q2 Net Loss of $24M. Revenue for the quarter came in at $92.3 million versus the consensus estimate of $90.42 million.

Annovis Bio Inc. (NYSE: ANVS) 6.5% HIGHER; ticked higher after-hours after several insider buys, including the CEO.

Domino's Pizza (NYSE: DPZ) 4.5% LOWER; reported Q3 EPS of $3.24, $0.12 better than the analyst estimate of $3.12. Revenue for the quarter came in at $998 million versus the consensus estimate of $1.03 billion.

UnitedHealth Group (NYSE: UNH) 4.3% HIGHER; reported Q3 EPS of $4.52, $0.12 better than the analyst estimate of $4.40. Revenue for the quarter came in at $72.3 billion versus the consensus estimate of $71.11 billion. UnitedHealth Group sees FY2021 EPS of $18.65-$18.90, versus the consensus of $18.75.

Beyond Meat (NASDAQ: BYND) 3.9% HIGHER; McDonald's (NYSE: MCD) to Test McPlant Burger Created with Beyond Meat (NASDAQ: BYND) in Eight U.S. Restaurants Next Month - CNBC

Progenity Inc. (NASDAQ: PROG) 3.4% HIGHER; H.C. Wainwright initiates coverage with a Buy rating and a price target of $4.00.

NetApp (NASDAQ: NTAP) 3.3% HIGHER; Citi upgraded from Sell to Buy with a price target of $120.00 (from $55.00).

Bank of America (NYSE: BAC) 2.6% HIGHER; reported Q3 EPS of $0.85, $0.14 better than the analyst estimate of $0.71. Revenue for the quarter came in at $22.8 billion versus the consensus estimate of $21.74 billion.

UPS (NYSE: UPS) 2.5% HIGHER; Stifel upgraded from Hold to Buy with a price target of $224.00 (from $210.00).

OrthoPediatrics Corp. (Nasdaq: KIDS) 2.4% LOWER; preliminary revenue for the third quarter ended September 30, 2021 and provided a related business update. Preliminary unaudited third quarter 2021 revenue is expected to be approximately $25.1 million, up 13% when compared to revenue of $22.2 million in the third quarter 2020. The third quarter 2021 revenue was impacted by increased COVID-19 Delta cases as well as respiratory syncytial virus (RSV) cases within the childrens hospitals combined with hospital staff shortages. Despite this impact, the Company reiterates its 2021 total revenue guidance range of $97 to $101 million. The preliminary quarterly revenue estimate for 2021 included in this press release is prior to the completion of review and audit procedures by the Companys independent registered public accounting firm and therefore subject to adjustments.

Wayfair (NYSE: W) 2.4% LOWER; Morgan Stanley downgraded from Equalweight to Underweight with a price target of $195.00 (from $290.00). The analyst cited four items for the downgrade:

Perrigo Co. (NYSE: PRGO) 2.1% HIGHER; Raymond James upgraded from Market Perform to Outperform with a price target of $59.00.

Occidental (NYSE: OXY) 1.9% HIGHER; today announced it has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy ($550 million) and Ghana National Petroleum Corporation (GNPC) ($200 million), prior to closing adjustments to reflect an April 1, 2021 effective date. The sale to Kosmos closed upon signing and the sale to GNPC is expected to close in the fourth quarter of 2021. The transaction includes Occidental’s interests in both the Jubilee and TEN fields, which combined had second quarter 2021 net production of 22 thousand barrels of oil equivalent per day. Occidental classified the Ghana operations as held for sale, as of June 30, 2021. Separately, Occidental settled certain tax claims related to historical operations.



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Stifel, Citi, Raymond James, Morgan Stanley, JMP Securities, Pre-Open Losers, Pre-Open Winners, Pre Market Movers, H.C. Wainwright, BofA/Merrill Lynch