Market Overview

10 Stocks Moving In Friday's Pre-Market Session

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Gainers

Sunedison Inc (NYSE: SUNE) rose 19.25 percent to $0.700 in pre-market trading after surging 58.65 percent on Thursday. SunEdison has reached certain confidentiality agreements with first and second lien lenders on March 17th. The company said that negotiations with respect to potential financing transactions are ongoing.

Bio Blast Pharma Ltd (NASDAQ: ORPN) shares rose 8.33 percent to $2.60 in pre-market trading after the company announced it will present final data from a Phase 2 clinical study at the American Academy of Neurology (AAN) 2016 Annual Meeting.The company completed a Phase 2 six-month trial of its HOPEMD therapy in patients with oculopharyngeal muscular dystrophy (OPMD).

Ariad Pharmaceuticals, Inc. (NASDAQ: ARIA) rose 6.77 percent to $7.25 in pre-market trading after the company presented updated Phase 1/2 clinical data on Brigatinib. The company reported an overall survival rate in 100 percent crizotinib-naive patients, and 81 percent in patients with prior crizotinib treatment.

Micron Technology, Inc. (NASDAQ: MU) shares rose 2.40 percent to $10.65 in pre-market trading. Raymond James upgraded Micron from Outperform to Strong Buy. Brean Capital initiated coverage on Micron with a Buy rating and a $14.00 price target.

Citigroup Inc (NYSE: C) shares rose 2.47 percent to $46.10 in pre-market trading after the bank reported better-than-expected earnings for the first quarter.

Expeditors International of Washington (NASDAQ: EXPD) shares rose 2.03 percent to $49.69 in pre-market trading. Barclays upgraded Expeditors International from Equal-weight to Overweight and raised the price target from $51.00 to $58.00.

Polycom Inc (NASDAQ: PLCM) shares rose 1.87 percent to $12.50 in pre-market trading after Mitel Networks announced plans to buy Polycom for around $1.96 billion in cash and stock.

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Losers

Relypsa Inc (NASDAQ: RLYP) shares fell 8.29 percent to $20.25 in pre-market trading. A source familiar with the matter told Benzinga on Thursday that at this time, Relypsa no longer has Centerview Partners as an advisor.

Mitel Networks Corporation (NASDAQ: MITL) shares fell 5.20 percent to $7.47 in pre-market trading after the company announced plans to buy Polycom for around $1.96 billion in cash and stock.

StoneMor Partners L.P. (NYSE: STON) shares fell 3.45 percent to $23.80 in pre-market trading after the company announced a public offering of its common stock. StoneMor Partner's disclosed after Thursday's market close it plans on selling 2 million common units of its common stock at a price of $24.76 per share.

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

 

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