Pre-Open Stock Movers:

Second Sight Medical Products, Inc. (NASDAQ: EYES) 69% HIGHER; adds to recent momentum.

Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) 44% LOWER; received a notification from the U.S. Food and Drug Administration (FDA) on March 3, 2021, stating that, as part of its ongoing review of the Company’s supplemental New Drug Application (sNDA), the FDA has identified deficiencies that preclude discussion of labeling and post-marketing requirements/commitments at this time. The FDA stated that the notification does not reflect a final decision on the information under review.

Stitch Fix (NASDAQ: SFIX) 21.7% LOWER; reported Q2 EPS of ($0.20), $0.02 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $504.1 million versus the consensus estimate of $512.22 million.

Triterras Inc. (Nasdaq: TRIT) 20% HIGHER; announced its partnership with Western Union Business Solutions to provide cross-border payments services between traders and lenders on its Kratos platform.

Surface Oncology (Nasdaq: SURF) 18.9% HIGHER; announced today it has entered into a clinical trial collaboration with Merck, known as MSD outside the United States and Canada, through a subsidiary, to evaluate the safety and efficacy of combining Surfaces SRF388, an investigational antibody therapy targeting IL-27, with Mercks KEYTRUDA® (pembrolizumab), the first anti-PD-1 therapy approved in the United States. This combination will be studied as a component of the first-in-human Phase 1 study of SRF388 and will be evaluated in patients with solid tumors, with a focus on patients with liver cancer and kidney cancer.

The9 Limited (Nasdaq: NCTY) 18.2% HIGHER; signed three legally binding Memorandums of Understanding (collectively the "MOUs") with three unrelated Bitcoin mining machine owners to purchase Bitcoin mining machines by the issuance of Class A ordinary shares. This batch of Bitcoin mining machines includes different brands such as AvalonMiner, AntMiner and WhatsMiner, with an additional total number of 10,252 units and an additional total hash rate of approximately 192PH/S. According to the MOUs, The9 will issue approximately 5,883,750 Class A ordinary shares (equivalent to 196,125 ADSs) to the sellers based on The9 share price of US$38.51 prior to the MOUs, with a lock up period of 6 months. The number of Class A ordinary shares to be issued is subject to certain price adjustment mechanisms to be assessed 6 months after the signing of the definitive agreements. The9 will designate an independent valuation firm to conduct examination and assessment of the Bitcoin mining machine fair market value, and will make adjustment to the number of Class A ordinary shares to be issued if needed.

Waitr Holdings (NASDAQ: WTRH) 15.7% LOWER; reported Q4 EPS of $0.02, $0.02 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $46.8 million versus the consensus estimate of $51.08 million.

GameStop Corp. (NYSE: GME) 12.9% HIGHER; Adds to recent gains

Aytu BioScience, Inc. (NASDAQ: AYTU) 11.4% HIGHER; announced today that data from a first in-human, open label, clinical trial in SARS-CoV-2 patients has been released.

Shift (NASDAQ: SFT) 8.9% HIGHER; reported Q4 EPS of ($0.07), $0.35 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $73.4 million versus the consensus estimate of $73 million. Shift sees Q1 21 revenue of $90-95 million, versus the consensus of $72.6 million. Shift sees FY 21 revenue above $450 million, versus the consensus of $392.07 million.

MoneyGram International (NYSE: MGI) 8% LOWER; March 7, 2021, MoneyGram International, Inc. and Ripple Labs Inc. signed an agreement to terminate, effective immediately, the commercial agreement between the parties that was originally entered into in June of 2019. As previously disclosed, the Company had ceased transacting under the commercial agreement in early December 2020. The Company did not resume transacting under the commercial agreement from that period through the termination date and as such, will not receive any market development fees in 2021.

Express, Inc. (NYSE: EXPR) 7.9% LOWER; falls after gaining 64% intra-day

Heritage Global, Inc. (NASDAQ: HGBL) 6.8% HIGHER; reported Q4 EPS of $0.17, $0.09 better than the analyst estimate of $0.08. Revenue for the quarter came in at $8.33 million versus the consensus estimate of $7.17 million.

Aemetis (NASDAQ: AMTX) 6.1% HIGHER; Stifel initiates coverage with a Buy rating and a price target of $25.00.

Tanger Factory Outlet Centers (NYSE: SKT) 5.6% LOWER; Goldman Sachs downgraded from Neutral to Sell with a price target of $12.50 (from $11.00).

Dick's Sporting Goods (NYSE: DKS) 5.2% LOWER; reported Q4 EPS of $2.43, $0.17 better than the analyst estimate of $2.26. Revenue for the quarter came in at $3.13 billion versus the consensus estimate of $3.07 billion. Dick's Sporting Goods sees FY2021 EPS of $4.40-$5.20, versus the consensus of $5.15. Dick's Sporting Goods sees FY2021 revenue of $9.544-9.935 billion, versus the consensus of $9.59 billion.

Invitae Corporation (NYSE: NVTA) 4.6% HIGHER; Cathie Wood of ARK was positive.

CarParts.com (NASDAQ: PRTS) 3.9% HIGHER; reported Q4 revenue for the quarter came in at $119.73 million versus the consensus estimate of $91.97 million.

SJW Group (NYSE: SJW) 2.6% LOWER; commenced an underwritten public offering of 1,030,000 shares of its common stock, par value $0.001 per share, subject to market and other conditions. SJW also intends to grant the underwriters a 30-day option to purchase up to an additional 154,500 shares of its common stock.

Peloton (NASDAQ: PTON) 2.4% HIGHER; announced plans to launch in Australia, marking the brand's entry to the Asia Pacific Region.