Today's Pre-Open Stock Movers:

The Habit Restaurants, Inc. (NASDAQ: HABT) 33% HIGHER; Yum! Brands, Inc. (NYSE: YUM) and The Habit Restaurants, Inc. (NASDAQ: HABT) announced that they have entered into a definitive agreement pursuant to which Yum! Brands will acquire all of the issued and outstanding common shares of The Habit Burger Grill for $14 per share in cash or a total of approximately $375 million. The board of directors of The Habit Burger Grill, acting on the recommendation of a special committee composed of non-executive independent directors, has unanimously approved the transaction.

Pulmatrix, Inc. (NASDAQ: PULM) 11.3% HIGHER; announced that it has entered into a research collaboration with Nocion Therapeutics to explore new technologies to enable and improve inhaled drug delivery. The collaboration will leverage Pulmatrix's iSPERSE™ platform and expertise in seeking to transform promising assets to improve drug delivery and safety profiles.

FuelCell Energy, Inc. (Nasdaq: FCEL) 10.7% HIGHER; providing an update on the development and successful launch of production stack modules with extended life. As previously reported, the company transitioned production from its five-year stack design to its seven-year stack design in the fourth quarter of fiscal year 2018. This transition followed an innovation effort focusing on improving the stability of the core cell components as well as improving overall stack and stack module designs. The seven year carbonate fuel cell stack life improvement was achieved with less than 5% increase in the cost of the stack module.

Cal-Maine Foods (NASDAQ: CALM) 8.7% LOWER; reported Q2 EPS of ($0.21), $0.24 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $311.5 million versus the consensus estimate of $324.07 million.

SmileDirectClub, (Nasdaq: SDC) 8.5% HIGHER; announced the launch of an end-to-end solution to keep teeth fresh, clean, bright, and healthy: a suite of affordable yet premium oral care products available exclusively at Walmart U.S. stores and Walmart.com. SmileDirectClub is the first provider of clear aligner therapy to offer oral care products in mass retail. Craig-Hallum analyst Alex Nowark initiates coverage on SmileDirectClub with a Buy rating and a price target of $20.

Perion Network Ltd. (NASDAQ: PERI) 8.2% HIGHER; announced today that based on preliminary and unaudited results, management expects Perion’s adjusted EBITDA for 2019 to exceed guidance of $25 to $27 million and reach at least $30 million. This improvement is the result of higher revenues than internally expected.

Plug Power Inc. (NASDAQ: PLUG) 7.4% HIGHER; received an order at the close of 2019 from a Fortune 100 customer for hydrogen fuel cell deployments across their distribution network over the next two years. This contract, valued at more than $172 million, is for Plug Powers GenDrive fuel cell power, GenFuel hydrogen fuel, storage and dispensing infrastructure, and GenCare aftermarket service and support.

Commercial Metals (NYSE: CMC) 7.1% HIGHER; reported Q1 EPS of $0.73, $0.19 better than the analyst estimate of $0.54. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.43 billion.

Bed Bath & Beyond Inc. (Nasdaq: BBBY) 2.7% HIGHER; announced today that it has completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, generating over $250 million in net proceeds.

U.S. Bancorp (NYSE: USB) 1.7% LOWER; Goldman Sachs downgraded from Neutral to Sell with a price target of $55.00.

Boeing (NYSE: BA) 1.3% LOWER; is considering plans to raise more debt to bolster finances strained by the ground of its 737 Max, according to Dow Jones.

Apple (NASDAQ: AAPL) 1% LOWER; According to Susquehanna analyst Mehdi Hosseini's checks, Apple is expected to have two 5G smartphone launches, with sub-6GHz models to be launched in Sep of 2020 while the mmWave launch delayed to Dec/Jan.