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Market Overview

Wednesday's Top 8 Pre-Market Gainers

Wednesday's Top 8 Pre-Market Gainers
  • Skullcandy Inc. (NASDAQ: SKUL) was up 23.92 percent after Richard Alden, Skullcandy founder and managing director, was considering an acquisition of "some or all of the shares of Issuer's Common Stock or otherwise pursue a going private transaction," according to 13d filing Tuesday.
  • Lendingclub Corp (NYSE: LC) was trading up 5.01 percent after Keefe, Bruyette & Woods upgraded the company to Market Perform and raising price target to $5.00. Additionally, Renaud Laplanche is considering a potential buyout of the company he co-founded, according to sources as reported by Reuters on Tuesday. He is said to be speaking with private equity firms and banks regarding financing for a deal.
  • AK Steel Holding Corporation (NYSE: AKS) rose 7.42 percent after Credit Suisse upgraded the company to Outperform and raised the price target to $7.00.

    Related Link: The Market In 5 Minutes: Crude Oil Hits Highest Level In Nearly A Year

  • Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) was trading up 5.11 percent after reporting positive earnings and raising FY16 outlook yesterday after market close. Dave & Buster's Entertainment reported Q1 EPS $0.72 vs. Est. $0.59, rev. $262 million vs. Est. $251 million. The company also raised FY 2016 revs to $983 million–$995 million vs. Est. $982 million.
  • Harmony Gold Mining Co. (ADR) (NYSE: HMY) jumped 5.98 following rising gold prices.
  • Silver Standard Resources Inc. (USA) (NASDAQ: SSRI) traded up 6.21 percent following rising silver prices.
  • AngloGold Ashanti Limited (ADR) (NYSE: AU) rose 5.63percent following rising gold prices.
  • New Gold Inc. (USA) (NYSE: NGD) traded up 4.52 percent following rising gold prices.

    Related Articles (SKUL + LC)

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    Posted-In: Credit Suisse Keefe Bruyett & Woods renaud laplancheNews Commodities Pre-Market Outlook Markets Movers

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