Market Overview

10 Stocks Moving In Tuesday's Pre-Market Session

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Gainers

Newport Corp (NASDAQ: NEWP) shares rose 50.40 percent to $22.62 in pre-market trading. MKS Instruments, Inc. (NASDAQ: MKSI) announced plans to buy Newport for $980 million. Newport reported upbeat Q4 earnings.

Momo Inc (ADR) (NASDAQ: MOMO) shares rose 10.78 percent to $11.10 in the pre-market trading session after gaining 8.21 percent on Monday.

Texas Roadhouse Inc (NASDAQ: TXRH) shares rose 4.33 percent to $38.55 in the pre-market trading session after the company reported upbeat earnings for the fourth quarter on Monday.

Home Depot Inc (NYSE: HD) shares rose 3.23 percent to $126.80 in pre-market trading after the company reported stronger-than-expected Q4 results and raised its dividend.

Frontier Communications Corp (NASDAQ: FTR) shares rose 2.66 percent to $4.63 in pre-market trading after the company reported better-than-expected Q4 earnings.

Losers

Fitbit Inc (NYSE: FIT) shares fell 14.20 percent to $14.14 in pre-market trading. Fitbit reported better-than-expected results for its fourth quarter on Monday, but the company issued a weak profit forecast for the current quarter.

Western Digital Corp (NASDAQ: WDC) shares fell 8.92 percent to $41.99 in pre-market trading. Western Digital said that agreement with Unisplendour and Unis Union Information System to make a $3.775 billion equity investment in Western Digital has been terminated by Unis Union following a decision by the Committee on Foreign Investment in the United States to conduct an investigation. Western Digital expects transaction with SanDisk Corporation (NASDAQ: SNDK) to close during the second quarter of 2016.

Cabot Oil & Gas Corporation (NYSE: COG) shares fell 5.13 percent to $20.43 in pre-market trading after the company announced a public offering of its common stock. Cabot Oil & Gas reported after Monday's market close that it has priced an upsized public offering of 44 million shares of its common stock at a price of $20.00 per share.

SanDisk Corporation (NASDAQ: SNDK) fell 4.99 percent to $64.30 in pre-market trading after declining 1.70 percent on Monday.

Century Aluminum Co (NASDAQ: CENX) shares fell 4.02 percent to $6.93 in pre-market trading. BMO Capital downgraded Century Aluminum from Outperform to Market Perform.

Posted-In: #PreMarket Gainers #PreMarket LosersNews Pre-Market Outlook Markets Movers

 

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