Market Overview

12 Stocks Moving In Wednesday's Pre-Market Session

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Gainers

Computer Sciences Corporation (NYSE: CSC) shares rose 26.93 percent to $45.25 in pre-market trading. Hewlett Packard Enterprise announced its plans to spin off and merge Enterprise Services business with Computer Sciences. CSC also reported better-than-expected earnings for its fourth quarter on Tuesday.

Sarepta Therapeutics Inc (NASDAQ: SRPT) shares rose 24.46 percent to $22.95 in pre-market trading as the company revealed Wednesday that the U.S. Food and Drug Administration has notified that they were continuing their review in respect of Eteplirsen. Sarepta indicated that the FDA would not be in a position to complete their work by the Prescription Drug User Fee Act (PDUFA) goal date of May 26, 2016.

Hewlett Packard Enterprise Co (NYSE: HPE) rose 11.20 percent to $18.07 in pre-market trading as the company announced its plans to spin off and merge Enterprise Services business with Computer Sciences. HP Enterprise also reported Q2 adjusted earnings of $0.42 per share on sales of $12.7 billion.

Navios Maritime Holdings Inc. (NYSE: NM) shares rose 9 percent to $0.70 in pre-market trading. Navios Martime reported a Q1 loss of $0.11 per share on revenue of $101.5 million.

Novavax, Inc. (NASDAQ: NVAX) rose 6.36 percent to $5.85 in pre-market trading after the company reported that the FDA has granted Fast Track Designation to Novavax’ RSV F vaccine for older adults.

PTC Therapeutics, Inc. (NASDAQ: PTCT) shares rose 4.67 percent to $8.52 in the pre-market trading session after gaining 5.58 percent on Tuesday.

Western Digital Corp (NASDAQ: WDC) shares rose 3.76 percent to $43.87 in pre-market trading. Barclays upgraded Western Digital from Equalweight to Overweight.

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Losers

Express, Inc. (NYSE: EXPR) fell 17.08 percent to $13.30 in pre-market trading as the company reported downbeat Q1 earnings and lowered its outlook for the year.

Tiffany & Co. (NYSE: TIF) shares fell 4.46 percent to $61.00. Tiffany reported downbeat sales for its first quarter. The company’s same-store sales dropped 9 percent for the quarter.

Bank of Montreal (USA) (NYSE: BMO) shares fell 2.53 percent to $61.61 in pre-market trading. BMO reported Q2 adjusted earnings of C$1.73 per share and raised its quarterly dividend to C$0.86 per share.

Intuit Inc. (NASDAQ: INTU) shares fell 2.15 percent to $105 in pre-market trading. Intuit reported upbeat results for its third quarter and raised its FY16 guidance.

Yahoo! Inc. (NASDAQ: YHOO) shares 2.08 percent to $36.75 in pre-market trading after gaining 2.37 percent on Tuesday.

 

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