Pre-Open Stock Movers 08/20: (CVAC) (GAN) (SNPS) Higher; (FUV) (CRK) (CWH) Lower (more...)

August 20, 2020 9:31 AM

Today's Pre-Open Movers

CureVac (NASDAQ: CVAC) 15.2% HIGHER; The European Commission has today concluded exploratory talks with CureVac (NASDAQ: CVAC) to purchase a potential vaccine against COVID-19. This is following the positive steps with Sanofi-GSK on 31 July and Johnson & Johnson on 13 August and the signature of an Advance Purchase Agreement with AstraZeneca on 14 August.

GAN Limited (NASDAQ: GAN) 7.5% HIGHER; announces the launch of the mychoice® social casino app, powered by GAN’s Simulated Gaming software and delivered to Penn Interactive, a subsidiary of Penn National Gaming, Inc. (NASDAQ: PENN). Simulated Gaming is a core offering of GAN, which enables casino operators to provide social gaming offerings to players in states in advance of real money iGaming, providing meaningful marketing and revenue opportunities for both operators and GAN.

Arcimoto, Inc. (NASDAQ: FUV) 6.9% LOWER; reported Q2 EPS of ($0.15), $0.04 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $28.5 thousand versus the consensus estimate of $270 thousand.

AMC Entertainment (NYSE: AMC) 6.5% HIGHER; Gains as CEO Discusses Company on CNBC

Comstock Resources (NYSE: CRK) 6.5% LOWER; Block Said to Offer 9.8M Shares at $5.70 to $5.90 via Barclays - Bloomberg

Synopsys (NASDAQ: SNPS) 5% HIGHER; reported Q3 EPS of $1.74, $0.40 better than the analyst estimate of $1.34. Revenue for the quarter came in at $964.1 million versus the consensus estimate of $894.12 million. Synopsys sees Q4 2020 EPS of $1.51-$1.56, versus the consensus of $1.69. Synopsys sees Q4 2020 revenue of $1-1.03 billion, versus the consensus of $1.04 billion.

Intel (NASDAQ: INTC) 4.4% HIGHER; announced it is entering into accelerated share repurchase (ASR) agreements to repurchase an aggregate of $10 billion of Intels common stock. Following completion of these agreements, Intel will have repurchased a total of approximately $17.6 billion in shares as part of the planned $20 billion share repurchases announced in October 2019.

Avantor, Inc. (NYSE: AVTR) 4.3% LOWER; announced that certain of its stockholders (the "Selling Stockholders"), including an affiliate of New Mountain Capital, LLC, intend to offer for sale in an underwritten secondary offering 38,500,000 shares of common stock of the Company pursuant to a registration statement filed by the Company with the U.S. Securities and Exchange Commission.

International Game Technology PLC (NYSE: IGT) 4.3% HIGHER; signed a long-term sports betting technology agreement with leading U.S. casino operator Boyd Gaming Corporation.

Dana Holding (NYSE: DAN) 3.2% HIGHER; Barclays upgraded from Equalweight to Overweight with a price target of $17.00 (from $13.00).

Camping World (NYSE: CWH) 2.9% LOWER; Holder Crestview is Said to Offer 6M Share Block at $35-$35.50 via Morgan Stanley - Bloomberg

L Brands (NYSE: LB) 0.9% HIGHER; reported Q2 EPS of $0.25, $0.67 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $2.32 billion versus the consensus estimate of $2.21 billion. Reported a 63% rise in same-store sales.

NVIDIA (NASDAQ: NVDA) 0.3% LOWER; reported Q2 EPS of $2.18, $0.21 better than the analyst estimate of $1.97. Revenue for the quarter came in at $3.87 billion versus the consensus estimate of $3.65 billion. NVIDIA sees Q3 2021 revenue of $4.4 billion at mid-point, versus the consensus of $3.97 billion.

Categories

Special Reports