Upgrade to SI Premium - Free Trial

Pre-Open Stock Movers 05/20: (SURF) (ALDX) (INO) Higher; (PYX) (FSCT) (VNRX) Lower (more...)

May 20, 2020 9:27 AM

Pre-Open Stock Movers:

Surface Oncology (Nasdaq: SURF) 41% HIGHER; announced today that it has raised gross proceeds of approximately $28.9 million through its At-the-Market, or ATM, facility with participation based on interest received from EcoR1 Capital LLC, Venrock Healthcare Capital Partners, BVF Partners L.P., and RS Investments, a Victory Capital investment franchise. Surface Oncology sold approximately 10.9 million shares of its common stock at a purchase price of $2.66, the market price at the time of the sale. This transaction exhausts the balance on the $30 million ATM facility. JonesTrading Institutional Services LLC is acting as the sales agent for the ATM facility.

Aldeyra Therapeutics, Inc. (Nasdaq: ALDX) 29.4% HIGHER; will host a conference call and webcast at 8:00 a.m. ET Wednesday, May 20, 2020 to provide a COVID-19 development update.

Pyxus (NYSE: PYX) 23.2% LOWER; in Bankruptcy Discussions with Creditors, Prepares to Hand Control to Junior Creditors - DJ

INOVIO (NASDAQ: INO) 14.8% HIGHER; today announced the publication of the preclinical study data for IN0-4800, its COVID-19 DNA vaccine, demonstrating robust neutralizing antibody and T cell immune responses against coronavirus SARS-CoV-2. The study was published in the peer-reviewed journal Nature Communications titled, "Immunogenicity of a DNA vaccine candidate for COVID-19" by INOVIO scientists and collaborators from The Wistar Institute, the University of Texas, Public Health England, Fudan University, and Advaccine.

Green Plains Renewable Energy (NASDAQ: GPRE) 14.3% HIGHER; Jefferies upgraded from Hold to Buy with a price target of $16.00 (from $7.00).

Forescout Technologies, Inc. (Nasdaq: FSCT) 12% LOWER; filed a complaint with the Delaware Court of Chancery asserting that affiliates of Advent International Corporation (Advent) have violated the terms of their merger agreement with Forescout. Forescout is asking the Court to compel Advent to honor its commitments and immediately complete the pending acquisition of Forescout.

PAE (NASDAQ: PAE) 11.8% HIGHER; was awarded the National Aviation Maintenance and Logistics Services contract by U.S. Customs and Border Protection, an agency of the U.S. Department of Homeland Security. The contract has a one-year base period of performance with nine one-year options, a potential three-month extension and an estimated total value of more than $1.26 billion.
Vaxart, Inc. (NASDAQ: VXRT) 11.4% HIGHER; announced that it has selected its lead COVID-19 vaccine candidate and has contracted with KindredBio to manufacture bulk vaccine under cGMP to complement the manufacturing capacity of partner Emergent BioSolutions.
Enzo Biochem, Inc. (NYSE: ENZ) 9% HIGHER; announced that it is currently offering a SARS-CoV-2 IgG ELISA assay kit for serological detection of IgG antibodies against the novel coronavirus under the FDAs Emergency Use Authorization (EUA) authority as both products and services. While molecular tests detect the presence of viral RNA to diagnose active infection, serological tests are used to detect the presence of antibodies to the SARS-CoV-2 virus. The emphasis in the coming months is shifting towards mass-market serological testing to determine if individuals were previously exposed to the novel coronavirus and are likely to have already recovered from infection. Accordingly, it is believed that serological testing will play an important role in enabling the workforce to return to their places of employment.
VolitionRx Limited (NYSE: VNRX) 8.6% LOWER; intends to offer and sell shares of its common stock in an underwritten public offering. Volition intends to grant the underwriters a 30-day option to purchase additional shares of its common stock sold in the offering, to cover overallotments, if any. All shares of common stock in the offering are being offered by Volition. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Alarm.com Holdings, Inc. (Nasdaq: ALRM) 5.8% LOWER; announced the launch of a proposed underwritten public offering of 5,616,451 shares of its common stock by entities affiliated with Technology Crossover Ventures. The Company is not selling any of its shares in the offering and will not receive any of the proceeds from the sale of shares of its common stock by the Selling Stockholders.

Urban Outfitters (NASDAQ: URBN) 5.4% LOWER; reported Q1 EPS of ($1.41), $1.21 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $588.48 million versus the consensus estimate of $693.55 million.

Ocular Therapeutix, Inc. (NASDAQ: OCUL) 4.2% LOWER; announced that it has commenced an underwritten public offering of its common stock. In addition, the Company is expected to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares to be sold in the public offering on the same terms and conditions. All of the shares in the offering are to be sold by the Company. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed.

Lowe's Cos. (NYSE: LOW) 4% HIGHER; reported Q1 EPS of $1.77, $0.46 better than the analyst estimate of $1.31. Revenue for the quarter came in at $19.7 billion versus the consensus estimate of $18.08 billion. U.S. Comparable Sales Increased 12.3%

Floor & Decor Holdings, Inc. (NYSE: FND) 2.8% LOWER; announced that funds affiliated with Ares Management Corporation and Freeman Spogli Management Co., L.P., as well as certain directors and officers of the Company, (collectively, the “Selling Stockholders”) intend to offer for sale in an underwritten secondary offering 4,972,900 shares of common stock of the Company. The Company is not selling any shares in this offering and will not receive any proceeds from the sale of the shares by the Selling Stockholders.

BD (NYSE: BDX) 2.4% LOWER; announced today that it has commenced registered offerings of $1.5 billion of common stock, par value $1.00 per share, and $1.5 billion of depositary shares, each representing a 1/20th interest in its mandatory convertible preferred stock, par value $1.00 per share, Series B. Pursuant to the offerings, BD intends to grant the underwriters an option to purchase from BD up to an additional $225 million of common stock and up to an additional $225 million of depositary shares.

CoStar Group, Inc. (Nasdaq: CSGP) 2% LOWER; commenced a public offering of $1.25 billion of its common stock.

Virgin Galactic (NYSE: SPCE) 1.8% LOWER; 20.7M Shares Are Said Offered Via Credit Suisse - Bloomberg

Categories

Special Reports

Next Articles