Pre-Open Stock Movers:

UpHealth, Inc. (NYSE: UPH) 33.7% LOWER; announced the pricing of its previously announced underwritten public offering (the "Offering") of 23,000,000 shares of its common stock, par value $0.0001 per share (the "Common Stock"), at a public offering price of $1.75 per share.

Agrify Corporation (Nasdaq: AGFY) 14.5% HIGHER; announced it has acquired Precision Extraction Solutions and Cascade Sciences, two of the leading brands that provide equipment and solutions for extraction, post-processing, and testing for the cannabis and hemp industry, from Sinclair Scientific.

Comtech Telecom (NASDAQ: CMTL) 11.4% LOWER; reported Q4 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $145.8 million versus the consensus estimate of $149.66 million. Comtech Telecom sees FY2022 revenue of $580-600 million, versus the consensus of $585 million.

Lordstown Motors (NASDAQ: RIDE) 8.9% LOWER; Morgan Stanley downgraded from Equalweight to Underweight with a price target of $2.00 (from $8.00).

Prometheus Biosciences Inc (NASDAQ: RXDX) 7% HIGHER; Oppenheimer initiates coverage with an Outperform rating and a price target of $35.00.

Flux Power Holdings (NASDAQ: FLUX) 6.2% HIGHER; H.C. Wainwright initiates coverage with a Buy rating and a price target of $15.00.

Ocugen (NASDAQ: OCGN) 5.9% HIGHER; entered into a Development and Commercial Supply Agreement (the Supply Agreement) with Bharat Biotech International Limited (Bharat Biotech) pursuant to which Bharat Biotech will exclusively manufacture and supply the Company with its requirements of COVAXIN clinical trial materials as well as manufacture and supply COVAXIN drug product components and finished drug product as necessary for commercial supply of COVAXIN subsequent to a regulatory approval, as contemplated by the parties pursuant to the Co-Development, Supply and Commercialization Agreement between Bharat Biotech and the Company entered into in February 2021 (the Co-Development Agreement).

Rayonier Advanced Materials Inc. (NYSE: RYAM) 4.4% HIGHER; announced today that, effective immediately, it will increase prices for all its Cellulose Specialties products by a minimum 15 to 30 percent depending on product grade, as contracts allow. The purpose of this increase is to help the Company offset the accelerating impacts of cost inflation throughout its global supply chain.

The Duckhorn Portfolio, Inc. (NYSE: NAPA) 4.1% HIGHER; reported Q4 EPS of $0.08, $0.07 better than the analyst estimate of $0.01. Revenue for the quarter came in at $70.9 million. The Duckhorn Portfolio, Inc. sees FY2022 EPS of $0.54-$0.57.

Cybin Inc. (NYSE: CYBN) 3.8% HIGHER; Oppenheimer initiates coverage with an Outperform rating and a price target of $7.00.

Sprouts Farmers Market (NASDAQ: SFM) 3.7% LOWER; BMO Capital downgraded from Market Perform to Underperform with a price target of $19.00 (from $21.00).

CommScope Holding (NASDAQ: COMM) 3.1% LOWER; Credit Suisse downgraded from Outperform to Neutral with a price target of $12.00 (from $23.00).

Xenon Pharmaceuticals Inc. (Nasdaq: XENE) 1.8% HIGHER; adds to 102% intr-day gain on positive trial data. After the close, the company commenced an underwritten public offering of $250 million of its common shares pursuant to its existing shelf registration statement.

Lululemon Athletica Inc. (NASDAQ: LULU) 0.6% HIGHER; disclosed that its board of directors approved a $500 million increase in the authorization of the company's current stock repurchase program to $641.2 million from $141.2 million.