Market Overview

10 Stocks Moving In Thursday's Pre-Market Session

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Gainers

Vitae Pharmaceuticals Inc (NASDAQ: VTAE) shares rose 92.94 percent to $7.93 in pre-market trading on positive psoriasis data. The surge was driven by news about the company’s experimental psoriasis drug. Top-line results from its Phase 2a proof-of-concept clinical trial of VTP-43742 in psoriatic patients showed a reduction in the skin condition of the treated patients.

Rofin-Sinar Technologies (NASDAQ: RSTI) shares gained 35.31 percent to $31.00 in pre-market trading as Coherent, Inc. (NASDAQ: COHR) announced its plans to buy Rofin-Sinar Technologies Inc in a deal valued at around $942 million.

Michaels Companies Inc (NASDAQ: MIK) shares rose 6.91 percent to $26.00 in pre-market trading after the company reported upbeat Q4 results.

FedEx Corporation (NYSE: FDX) shares gained 5.70 percent to $152.45 in pre-market trading after the company reported stronger-than-expected results for its fiscal third quarter on Wednesday.

Sarepta Therapeutics Inc (NASDAQ: SRPT) rose 4.47 percent to $15.20 in pre-market trading following Form 4 filings released late Wednesday, showing purchases of 75,000 shares each by Chairwoman M Kathleen Behrens and director Richard Barry.

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Losers

Bio Blast Pharma Ltd (NASDAQ: ORPN) shares fell 19.05 percent to $3.40 in pre-market trading as the company reported the pricing of $6.7 million registered direct offering for $3.10 per share.

Guess?, Inc. (NYSE: GES) shares fell 10.80 percent to $19.00 in pre-market trading after the company reported downbeat earnings for the fourth quarter and issued a weak forecast for the current quarter.

Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP) shares fell 8 percent to $39.20 in pre-market trading. Ctrip reported Q4 adjusted earnings of $0.11 per ADS on revenue of $443.677 million.

Jabil Circuit, Inc. (NYSE: JBL) shares fell 7.01 percent to $20.43 in pre-market trading as the company reported weaker-than-expected results for its fiscal second quarter and lowered its full-year outlook.

Caterpillar Inc. (NYSE: CAT) shares fell 2.74 percent to $72.30 in pre-market trading after the company issued a weak forecast for the first quarter.

 

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