Market Overview

10 Stocks Moving In Wednesday's Pre-Market Session

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Gainers

Cara Therapeutics Inc (NASDAQ: CARA) shares rose 15.57 percent to $9.50 in pre-market trading after the company reported removal of the FDA clinical hold on CLIN3001 for IV CR845.

Lexmark International Inc (NYSE: LXK) rose 10.59 percent to $38.33 in pre-market trading as the company confirmed it has entered into an agreement to be acquired by a consortium of investors, led by Apex Technology and PAG Asia Capital for $40.50 per share.

VMware, Inc. (NYSE: VMW) shares rose 9.79 percent to $56.50 in pre-market trading as the company reported better-than-expected Q1 earnings. The company’s board of directors also authorized a $1.2 billion share buyback program.

Tower Semiconductor Ltd. (USA) (NASDAQ: TSEM) rose 4.99 percent to $12.00 in pre-market trading. TowerJazz is expected to issue its Q1 earnings release on May 9, 2016.

Chuy's Holdings Inc (NASDAQ: CHUY) shares rose 3.53 percent to $30.18 in pre-market trading. S&P Dow Jones Indices announced that Chuy's Holdings will replace Heartland Payment Systems, Inc. (NYSE: HPY) in the S&P SmallCap 600.

Kite Pharma Inc (NASDAQ: KITE) rose 2.49 percent to $47.30 in pre-market trading after the company announced updated Phase 1 results from ZUMA-1 at the American Association of Cancer Research Annual Meeting.

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Losers

CalAmp Corp. (NASDAQ: CAMP) shares fell 11.02 percent to $15.51 in pre-market trading. CalAmp reported in-line Q4 earnings, but the company issued a weak forecast for the full year.

Intel Corporation (NASDAQ: INTC) shares fell 2.03 percent to $30.96 in pre-market trading. Intel reported upbeat earnings for the first quarter, but the company issued a weak revenue forecast for the current quarter. The company will also reduce its workforce by 11 percent over the next year, which equates to about 12,000 jobs.

Boeing Co (NYSE: BA) shares fell 2.17 percent to $129.80 in pre-market trading. Bank of America downgraded Boeing from Neutral to Underperform.

Randgold Resources Ltd. (ADR) (NASDAQ: GOLD) shares fell 2.08 percent to $94.36 in pre-market trading after gaining 3.56 percent on Tuesday.

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

 

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