Market Overview

10 Stocks Moving In Wednesday's Pre-Market Session

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Gainers

Zafgen Inc (NASDAQ: ZFGN) shares rose 42.35 percent to $8.00 in pre-market trading as the company reported that Phase 3 obesity drug trial has achieved its co-primary efficacy endpoint.

Netflix, Inc. (NASDAQ: NFLX) shares rose 3.36 percent to $111.52 in the pre-market trading session after the company reported stronger-than-expected earnings for its fourth quarter. Netflix also added 5.59 million streaming subscribers in the fourth quarter.

Randgold Resources Ltd. (ADR) (NASDAQ: GOLD) rose 3.15 percent to $62.80 in the pre-market trading session after dropping 2.00 percent on Tuesday.

ASML Holding NV (ADR) (NASDAQ: ASML) shares rose 2.13 percent to $82.03 in pre-market trading after the company reported Q4 results. ASML also proposed to lift its dividend by 50 percent and reported a plan for additional EUR 1 billion share repurchases.

Cree, Inc. (NASDAQ: CREE) shares rose 1.48 percent to $24.65 in pre-market trading after the company reported better-than-expected earnings for its fiscal second quarter.

Losers

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares fell 6.67 percent to $1.82 in pre-market trading. AMD reported in-line loss for its fourth quarter. However, the company issued a weak revenue forecast for the current quarter.

Devon Energy Corp (NYSE: DVN) fell 5.88 percent to $22.10 in pre-market trading after declining 4.10 percent on Tuesday.

Fortinet Inc (NASDAQ: FTNT) shares fell 5.52 percent to $25.00 in the pre-market trading. Piper Jaffray downgraded Fortinet from Overweight to Neutral.

Symantec Corporation (NASDAQ: SYMC) fell 5.15 percent to $18.05 in the pre-market trading session. Symantec and The Carlyle Group LP (NASDAQ: CG) changed the terms of Veritas purchase agreement. Under the amended terms, the purchase price will be $7.4 billion. The company also issued an update on expected Q3 results.

Novavax, Inc. (NASDAQ: NVAX) shares fell 5.11 percent to $5.76 in pre-market trading after dropping 6.76 percent on Tuesday.

 

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