After-Hours Movers 01/10 (CRBP) (SNX) (NFLX) Higher; (PCG) (ATVI) (URBN) (more...)

January 10, 2019 5:12 PM

Today's After-Hours Movers

Corbus Pharmaceuticals (NASDAQ: CRBP) 12.5% HIGHER; Cantor Fitzgerald raised the price target to $38.00 (from $36.00) while maintaining a Overweight rating.

PG&E Corp. (NYSE: PCG) 7.4% LOWER; Cut to Junk by Moody's

Activision Blizzard (NASDAQ: ATVI) 6.5% LOWER; disclosed in an SEC filing: On January 10, 2019, Activision Publishing, Inc., a wholly-owned subsidiary of Activision Blizzard, Inc. (the “Company”), and Bungie, Inc. (“Bungie”) announced plans for Bungie to assume full publishing rights and responsibilities for the Destiny franchise. Going forward, Bungie will own and develop the franchise. As a result, the Company does not expect to recognize material revenue, operating income or operating loss from the Destiny franchise in 2019.

SYNNEX Corp. (NYSE: SNX) 4.2% HIGHER; reported Q4 EPS of $3.65, $0.56 better than the analyst estimate of $3.09. Revenue for the quarter came in at $5.62 billion versus the consensus estimate of $5.43 billion. SYNNEX Corp. sees Q1 2019 EPS of $2.70-$2.80, versus the consensus of $2.51. SYNNEX Corp. sees Q1 2019 revenue of $5.225-5.425 billion, versus the consensus of $5.08 billion.

Netflix (NASDAQ: NFLX) 1.6% HIGHER; UBS upgraded from Neutral to Buy, price target $410.00 (from $400.00).

Urban Outfitters, Inc. (NASDAQ: URBN) 1.4% LOWER; Total Company net sales for the two months ended December 31, 2018, increased 5.0% over the same period last year. Comparable Retail segment net sales increased 5%, driven by strong, double-digit growth in the digital channel, partially offset by negative retail store sales. By brand, comparable Retail segment net sales increased 6% at Free People, 5% at Urban Outfitters and 4% at the Anthropologie Group. Wholesale segment net sales increased 3%.

Glu Mobile (NASDAQ: GLUU) 1% HIGHER; Stephens initiates coverage on with a Overweight rating and a price target of $10.50.


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