Upgrade to SI Premium - Free Trial

Pre-Open Stock Movers 07/19: (NRXP) (CYTK) (AEHR) Higher; (RCAT) (NCLH) (CCL) Lower (more...)

July 19, 2021 9:24 AM

Pre-Open Stock Movers:

NRx Pharmaceuticals (Nasdaq: NRXP) 48.9% HIGHER; will present data at the Disease Control and Prevention Summit on July 21, 2021 at 10:10 EST. The presentation identifies a statistically significant effect of ZYESAMI (aviptadil) in preventing the sharp rise in cytokines, commonly associated with mortality in patients with COVID-19. In the recently-completed phase 2b/3 trial, patients treated with placebo experienced a statistically significant elevation in interleukin 6 (IL-6) cytokine levels, whereas those treated with ZYESAMI had a minimal increase in IL-6. Change in cytokine level was a prespecified endpoint of the study.

Cytokinetics, Incorporated (Nasdaq: CYTK) 44% HIGHER; announced positive topline results from Cohorts 1 and 2 of REDWOOD-HCM (Randomized Evaluation of Dosing With CK-274 in Obstructive Outflow Disease in HCM), the Phase 2 clinical trial of CK-3773274 (CK-274), an investigational next-generation cardiac myosin inhibitor in development for the potential treatment of hypertrophic cardiomyopathy (HCM). The results of REDWOOD-HCM inform dose selection and support progression of CK-274 to a planned Phase 3 registrational clinical trial which is expected to start before year end.

Red Cat Holdings, Inc. (NASDAQ: RCAT) 39% LOWER; announced the pricing of its underwritten public offering of 13,333,334 shares of its common stock at a public offering price of $4.50 per share, for gross proceeds of approximately $60,000,000, before deducting underwriting discounts, commissions and offering expenses. In addition, the Company has granted the underwriters a 45 day option to purchase up to an additional 2,000,000 shares of common stock to cover over-allotments at the offering price, less the underwriting discount.

Aehr Test Systems (NASDAQ: AEHR) 37% HIGHER; announced it has received a $10.8 million single purchase order from its lead silicon carbide test and burn-in customer for multiple FOX-XP systems and full sets of WaferPak Contactors to meet their increased production capacity needs. This customer is a leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market. These FOX systems and WaferPaks are expected to ship within the next six months.

SPX Flow, Inc. (NYSE: FLOW) 31.3% HIGHER; Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, today confirmed that on June 10, 2021, it made an all-cash non-binding proposal to the Board of Directors of SPX Flow, Inc. (NYSE: FLOW) to acquire SPX Flow for $85 per share (the Proposal). The Proposal represents a 37% premium over last Fridays closing price and a premium of approximately 20% over SPX Flows all-time high closing price.

Five9, Inc. (NASDAQ: FIVN) 7.9% HIGHER; Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has entered into a definitive agreement to acquire Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, in an all-stock transaction valued at approximately $14.7 billion. Combining Five9s Contact Center as a Service solution with Zooms broad communications platform will transform how businesses connect with their customers, building the customer engagement platform of the future.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) 5.8% LOWER; cruise stocks fall on Delta variant fears.

Carnival Corporation & plc (NYSE: CCL) 5.4% LOWER; cruise stocks fall on Delta variant fears.

American Airlines (NYSE: AAL) 5.3% LOWER; airlines fall on Delta variant fears.

United Airlines (NYSE: UAL) 4.9% LOWER; airlines fall on Delta variant fears.

Royal Caribbean Group (NYSE: RCL) 4.6% LOWER; cruise stocks fall on Delta variant fears.

Delta Air Lines, Inc. (NYSE: DAL) 4.2% LOWER; airlines fall on Delta variant fears.

Southwest Airlines Co. (NYSE: LUV) 3.8% LOWER; airlines fall on Delta variant fears.

Categories

Special Reports

Next Articles