Pre-Open Stock Movers 08/18: (SE) (RXT) (VNDA) Higher; (PSTX) (NBR) (KSS) Lower (more...)

August 18, 2020 9:29 AM

Today's Pre-Open Stock Movers:

Forward Industries (NASDAQ: FORD) 53% HIGHER; announced the acquisition of substantially all of the assets of Kablooe Design (Kablooe), an innovative leading medical and consumer design and development company based in Minneapolis, Minnesota for consideration comprising of cash, equity, assumed debt and contingent earn outs.

Poseida Therapeutics, Inc. (NASDAQ: PSTX) 28% LOWER; announced that following notification to the U.S. Food and Drug Administration (FDA) of a pause in enrollment pursuant to the protocol to investigate a patient death, it has received communication from the FDA that the Companys Phase 1 clinical trial for P-PSMA-101 in metastatic castrate resistant prostate cancer has been placed on clinical hold.

RISE Education Cayman (NASDAQ: REDU) 14.3% HIGHER; reported Q2 EPS of ($0.13), $0.14 better than the analyst estimate of ($0.27).

Dolphin Entertainment, Inc. (NASDAQ: DLPN) 13% HIGHER; announced a major expansion of its entertainment marketing capabilities through its acquisition of influencer marketing leader, Be Social.

Nabors (NYSE: NBR) 10.4% LOWER; Citi downgraded from Neutral to Sell with a price target of $35.00.

Sea Ltd. (NYSE: SE) 10% HIGHER; reported Q2 EPS of ($0.68), $0.26 worse than the analyst estimate of ($0.42). Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.06 billion.

Rackspace Technology, Inc. (NASDAQ: RXT) 8.4% HIGHER; adds to intra-day gains on reports Amazon will buy a minority stake.

Kohl's (NYSE: KSS) 7.5% LOWER; reported Q2 EPS of ($0.25), $0.58 better than the analyst estimate of ($0.83). Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.09 billion.

Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) 7.3% HIGHER; The interim analysis of the ODYSSEY study demonstrated that hospitalized patients with COVID-19 pneumonia improved sooner when treated with tradipitant as compared to placebo.

Advance Auto Parts (NYSE: AAP) 5.6% HIGHER; reported Q2 EPS of $2.92, $0.96 better than the analyst estimate of $1.96. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.38 billion.

inemark Holdings, Inc. (NYSE: CNK) 4.9% LOWER; announced today that it plans to commence a private offering (the Offering) of $400 million aggregate principal amount of convertible senior notes due 2025 (the Notes) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). The Company also intends to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $60 million aggregate principal amount of the Notes.

Cal-Maine Foods, Inc. (NASDAQ: CALM) 4.5% LOWER; announced an underwritten public offering of 6,000,000 shares of its common stock by Jean Reed Adams, the wife of the Company’s late founder, Fred R. Adams, Jr. (“Mr. Adams”), and a trust of which the four daughters of Mr. Adams, Luanne Adams, Nancy Adams Briggs, Laurel Adams Krodel, and Dinnette Adams Baker, are beneficiaries, subject to market conditions and other factors. The Selling Stockholders are also expected to grant the underwriters of the offering an option to purchase within 30 days up to an additional 900,000 shares or common stock, if any.

Krystal Biotech, Inc. (Nasdaq: KRYS) 3.8% HIGHER; announced that the U.S. Food & Drug Administration (FDA) has granted Orphan Drug Designation to KB407, currently in preclinical development for the treatment of cystic fibrosis (CF).

Oracle (NASDAQ: ORCL) 2.7% HIGHER; joins bidding for TikTok's U.S. operations.

American Homes 4 Rent (NYSE: AMH) 2.6% LOWER; announced that it has commenced an underwritten public offering of 11,000,000 of its Class A common shares of beneficial interest, $0.01 par value per share ("Class A common shares"). The Company also plans to grant to the underwriters a 30-day option to purchase up to an additional 1,650,000 Class A common shares.

The Middleby Corporation, Inc. (NASDAQ: MIDD) 2.5% LOWER; announced that it proposes to offer $550 million aggregate principal amount of its convertible senior notes due 2025 (the notes), subject to market conditions and other factors. The notes are to be offered in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Middleby also intends to grant to the initial purchasers of the notes a 13-day option to purchase up to an additional $82.5 million aggregate principal amount of the notes.

Home Depot (NYSE: HD) 0.6% HIGHER; reported Q2 EPS of $4.02, $0.33 better than the analyst estimate of $3.69. Revenue for the quarter came in at $38.1 billion versus the consensus estimate of $34.37 billion.

Walmart (NYSE: WMT) 0.6% LOWER; reported Q2 EPS of $1.56, $0.31 better than the analyst estimate of $1.25. Revenue for the quarter came in at $137.7 billion versus the consensus estimate of $135.48 billion.

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