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Pre-Open Stock Movers 10/02: (IDT) (TWLO) (JHG) Higher; (HGBL) (BE) (TSLA) Lower (more...)

October 2, 2020 9:34 AM

Pre-Open Stocks Movers

IDT Corp. (NYSE: IDT) 22.7% HIGHER; reported Q4 EPS of $0.62, versus $0.15 reported last year. Revenue for the quarter came in at $360.3 million, versus $356.1 million reported last year.

Heritage Global Inc. (NASDAQ: HGBL) 10.9% LOWER; intends to offer and sell shares of its common stock in an underwritten public offering. In connection with this proposed offering, HGI expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock to be sold in the proposed offering at the public offering price, less underwriting discounts and commissions. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering. All of the shares in the proposed offering are to be sold by HGI.

Assured Guaranty Ltd (NYSE: AGO) 9.5% HIGHER; will replace Simpson Manufacturing in the S&P SmallCap 600

Twilio (NYSE: TWLO) 9% HIGHER; announced that it preliminarily expects that the Company’s total revenue for the quarter ended September 30, 2020 will be ahead of the Company’s previously issued guidance of $401 million to $406 million (*** consensus is $407.9 million). The Company’s actual results could differ from that stated in this forward-looking statement.

Janus Henderson Group plc (NYSE: JHG) 9% HIGHER; Peltz takes stake, will push for deals in the sector.

Invesco Ltd. (NYSE: IVZ) 6.3% HIGHER; Peltz takes stake, will push for deals in the sector.

Alpha Pro Tech Ltd. (NYSE: APT) 6.8% HIGHER; Mask stock gains in pre-open trade on Trump news.

Tesla (NASDAQ: TSLA) 5% LOWER; again snubbed for S&P 500 inclusion. Delivery numbers were not as robust as some thought.

NewAge, Inc. (Nasdaq: NBEV) 4.6% HIGHER; announced that it has amended the merger agreement for the acquisition of ARIIX, and that it expects to close the transaction no later than November 30, 2020.

Bloom Energy Corp. (NYSE: BE) 4.1% LOWER; Block trade is Said Offered Via Morgan Stanley - Bloomberg

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