Today's pre-market stock movers: BKNG, TWTR, SHOP, EBAY and more
Gainers:
• $Intercept Pharmaceuticals (ICPT.US)$ +25.7% (to sell license to commercialize Ocaliva outside the US to Advanz Pharma for upfront payment of $405 mln)
• $Booking Holdings (BKNG.US)$ +10% (Booking Holdings' Outlook for a 'Busy' summer season drives the stock sharply higher)
• $Cumulus Media (CMLS.US)$ +7.2% (announces modified Dutch auction tender offer to purchase up to $25 mln of its outstanding Class A common stock)
• $Athira (ATHA.US)$ +5% (Leading Independent Proxy Advisory Firm ISS Recommends that Athira Shareholders Vote on Athira's WHITE Proxy Card)
• $Denbury Resources (DEN.US)$ +4.4% (authorized a share repurchase program under which the Company may repurchase up to $250 mln of its outstanding shares of common stock)
Analyst comments:
Losers:
• $Shopify (SHOP.US)$ -12.4% (it reported adjusted quarterly earnings of 20 cents per share, well below the 64-cent consensus estimate)
• $Wayfair (W.US)$ -8.9% (it reported an adjusted quarterly loss of $1.96 per share, 40 cents wider than expected, although revenue matched forecasts. Active customer numbers were down 23.4% compared to a year earlier.)
• $eBay (EBAY.US)$ -7.8 (a weaker-than-expected revenue forecast, even as the e-commerce company beat profit and revenue predictions for its most recent quarter)
• $eBay (EBAY.US)$ -7.8 (a weaker-than-expected revenue forecast, even as the e-commerce company beat profit and revenue predictions for its most recent quarter)
• $Spirit Airlines (SAVE.US)$ -1.4% (Spirit reported an adjusted quarterly loss of $1.60 per share, wider than the 58-cent loss Wall Street had anticipated, with revenue also below forecasts)
Analyst comments:
• $New Residential Investment (NRZ.US)$ -1.9% (downgraded to Neutral from Overweight at Piper Sandler)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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RDK79 : Guess recent airline headlines didn’t help pump Spirit