(Updated - April 20, 2020 9:33 AM EDT)

Pre-Open Stock Movers:

Avalon GloboCare Corp. (NASDAQ: AVCO) 34.5% HIGHER; announced today that it has achieved significant milestones advancing its AVA-Trap technology program towards combatting the cytokine storm associated with COVID-19 lung damage and mortality.

Exelixis, Inc. (NASDAQ: EXEL) 18.5% HIGHER; Bristol Myers Squibb (NYSE: BMY) and Exelixis, Inc. (NASDAQ: EXEL) today announced that CheckMate -9ER, a pivotal Phase 3 trial evaluating Opdivo® (nivolumab) in combination with CABOMETYX® (cabozantinib) compared to sunitinib in previously untreated advanced or metastatic renal cell carcinoma (RCC), met its primary endpoint of progression-free survival (PFS) at final analysis, as well as the secondary endpoints of overall survival (OS) at a pre-specified interim analysis, and objective response rate (ORR).

Chesapeake Energy Corporation (NYSE: CHK) 13.8% LOWER; announced today that it has suspended payment of dividends on each series of its outstanding convertible preferred stock effective immediately. Suspension of the dividend does not constitute an event of default under any of the company's debt instruments.

Apache Corporation (NYSE: APA) 11% LOWER; crude plunges nearly 40% to $11.19

Occidental Petroleum Corporation (NYSE: OXY) 11% LOWER; crude plunges nearly 40% to $11.19

Exxon Mobil Corporation (NYSE: XOM) 6% LOWER; crude plunges nearly 40% to $11.19

Chevron Corporation (NYSE: CVX) 5.5% LOWER; crude plunges nearly 40% to $11.19

Shake Shack (NYSE: SHAK) 3.5% LOWER; files to offer 3.42M shares of common stock, returning $10M PPP

Walt Disney (NYSE: DIS) 2.8% LOWER; Credit Suisse downgraded from Outperform to Neutral with a price target of $116.00 (from $140.00).