Today's Pre-Open Stock Movers

Teekay Corporation (NYSE: TK) 22.3% HIGHER; oil tankers gain on glut

United States Oil Fund (NYSE: USO) 17.4% LOWER; says USCF management is suspending ability of USO Authorized Purchasers to purchase new creation baskets

Nordic American Tankers Limited (NYSE: NAT) 12% HIGHER; oil tankers gain on glut

Beyond Meat (NASDAQ: BYND) 10.7% HIGHER; news Starbucks will launch a new plant-based lunch menu in China this week including the company's products.

Cardlytics (NASDAQ: CDLX) 8.6% LOWER; BofA Securities downgraded from Buy to Underperform with a price target of $26 (from $80).

Credit Acceptance (NASDAQ: CACC) 7.7% LOWER; says the current outbreak of COVID-19 has adversely impacted its business.

FLIR Systems, Inc. (NASDAQ: FLIR) 6.6% HIGHER; adds to Monday's 14% gains amid reports and analyst comments that Amazon has begun to deploy thermal cameras at its warehouses and Whole Foods locations to screen workers for elevated temperatures

IBM (NYSE: IBM) 4.9% LOWER; reported Q1 EPS of $1.84, $0.05 better than the analyst estimate of $1.79. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.62 billion.

Tradeweb Markets (NASDAQ: TW) 2.8% LOWER; commences underwritten primary offering of shares of its Class A common stock

Crown Holdings (NYSE: CCK) 2.8% HIGHER; reported Q1 EPS of $1.13, $0.21 better than the analyst estimate of $0.92. Revenue for the quarter came in at $2.75 billion versus the consensus estimate of $2.73 billion. Previous financial guidance for 2020 withdrawn.

Grocery Outlet Holding Corp. (NASDAQ: GO) 2% LOWER; announced that certain selling stockholders of the Company, including the selling stockholder affiliated with Hellman & Friedman LLC (the H&F Investor), have commenced an underwritten public offering of 10,000,000 shares of the Companys common stock pursuant to a registration statement filed with the Securities and Exchange Commission. Additionally, the H&F Investor intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional shares of the Companys common stock.

Darden Restaurants (NYSE: DRI) 1.3% LOWER; Q4 to date same-restaurant sales declined by 44.7%. Also, announced that it has commenced an underwritten public offering of $400 million of shares of its common stock.

Zions Bancorp (NASDAQ: ZION) 1% LOWER; reported Q1 EPS of $0.04, may not compare to the analyst estimate of $0.56.

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