Pre-Open Stock Movers 02/07: (ANGH) (PTON) (NAVB) Higher; (CRNC) (STAB) (DRMA) Lower (more...)
Pre-Open Stock Movers
Anghami Inc. (NASDAQ: ANGH) 42.8% HIGHER; adds to recent momentum
Cerence (NASDAQ: CRNC) 31.7% LOWER; reported Q1 EPS of $0.59, $0.08 better than the analyst estimate of $0.51. Revenue for the quarter came in at $94.4 million versus the consensus estimate of $94.38 million. Cerence sees Q2 2022 revenue of $82-86 million vs $100 million consensus.
Peloton (NASDAQ: PTON) 29% HIGHER; multiple reports the company is drawing takeover interest from Apple and others.
Statera Biopharma, Inc. (NASDAQ: STAB) 23.7% LOWER; entered into a securities purchase agreement with a certain institutional investor to purchase approximately $2.0 million worth of its common stock and warrants in a registered direct offering.
Dermata Therapeutics, Inc (NASDAQ: DRMA) 21.2% LOWER; has filed for 4,444,444 unit offering. Each unit consists of 4,444,444 shares of common stock or pre-funded warrant to purchase 4,444,444 shares of common stock and warrants to purchase up to 4,444,444 shares of common stock.
Navidea Biopharmaceuticals, Inc. (NYSE: NAVB) 20.3% HIGHER; announced the signing of a Sponsored Research Agreement with the University of Pennsylvania (Penn) for a project to evaluate the use of Tc99m tilmanocept imaging in glioblastoma as a prognostic agent for tumor growth rate and overall survival. The research is led by Principal Investigator Ali Nabavizadeh, MD, of the Department of Radiology in the Perelman School of Medicine at Penn.
Origin Agritech Ltd. (NASDAQ: SEED) 13.9% HIGHER; expects revenues to grow in excess of 300%, to over 150 million RMB, and expects to turn a profit for fiscal 2022. The expected revenue growth is driven by both growth in its existing hybrid seed business and the addition of a new revenue stream of selling nutritionally enhanced crops to feedstock companies.
Spirit Airlines (NYSE: SAVE) 12.5% HIGHER; Spirit Airlines and Frontier Airlines announced today they agreed to merge in a $2.9 billion deal that will create the most competitive ultra-low airline in the United States.
Riot Blockchain, Inc. (NASDAQ: RIOT) 9.4% HIGHER; Bitcoin prices recover.
Zimmer Biomet Holdings (NYSE: ZBH) 8% LOWER; reported Q4 EPS of $1.95, $0.03 worse than the analyst estimate of $1.98. Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $2.07 billion. Zimmer Biomet Holdings sees FY2022 EPS of $6.40-$6.80 vs 7.93 consensus. 2022 Reported Revenue Change (4.0)% - 0.0%.
Tyson Foods (NYSE: TSN) 7.5% HIGHER; reported Q1 EPS of $2.87, $1.01 better than the analyst estimate of $1.86. Revenue for the quarter came in at $12.93 billion versus the consensus estimate of $12.09 billion. Tyson Foods sees Q2 2022 revenue at upper end of $49-51 billion, versus the consensus of $50.35 billion.
Marathon Digital Holdings, Inc. (NASDAQ: MARA) 7.3% HIGHER; Bitcoin prices recover.
ON Semiconductor (NASDAQ: ON) 6.2% HIGHER; reported Q4 EPS of $1.09, $0.15 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.85 billion versus the consensus estimate of $1.79 billion. ON Semiconductor sees Q1 2022 EPS of $0.98-$1.10, versus the consensus of $0.81. ON Semiconductor sees Q1 2022 revenue of $1.85-1.95 billion, versus the consensus of $1.78 billion.
Snowflake Inc. (NYSE: SNOW) 5.8% HIGHER; Morgan Stanley upgraded from Equalweight to Overweight with a price target of $390.00 (from $344.00).
Alibaba (NYSE: BABA) 4.6% LOWER; Last week the company registered one billion American depositary shares (ADS) that hadn’t been registered before, which analysts think could suggest SoftBank may sell its massive stake.
MicroStrategy Incorporated (NASDAQ: MSTR) 4.2% HIGHER; Bitcoin prices recover.
Spotify (NYSE: SPOT) 3.3% LOWER; Set to Open Lower, Down 3% After CEO Condemns Rogan Over Racial Slurs
Hertz Global (NASDAQ: HTZ) 2.1% LOWER; Block Of 3M Shares Is Said Offered Via Goldman Sachs - Bloomberg