Market Overview

12 Stocks Moving In Wednesday's Pre-Market Session

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Gainers

Patriot National Inc (NYSE: PN) shares rose 30.06 percent to $9.00 in pre-market trading as Ebix Inc (NASDAQ: EBIX) offered to buy Patriot National for $9.50 per share.

Aegerion Pharmaceuticals, Inc. (NASDAQ: AEGR) shares rose 20.30 percent to $1.60 in pre-market trading following merger announcement with QLT.

QLT Inc. (USA) (NASDAQ: QLTI) rose 18.18 percent to $1.69 in pre-market trading following merger announcement with Aegerion Pharmaceuticals.

Carbylan Therapeutics Inc (NASDAQ: CBYL) rose 29.82 percent to $1.48 in pre-market trading following announcement of share purchase agreement. KalVista will become wholly-owned subsidary of Carbylan.

EXACT Sciences Corporation (NASDAQ: EXAS) rose 17.25 percent to $11.01 in pre-market trading after surging 33.38 percent on Tuesday. BTIG maintained a Buy rating for the company, with a $9 price target. Canaccord raised price target for EXACT Sciences to $12.

Achaogen Inc (NASDAQ: AKAO) shares rose 8.27 percent to $4.45 in pre-market trading after gaining 8.44 percent on Tuesday.

Rex Energy Corporation (NASDAQ: REXX) shares rose 5.96 percent to $0.850 in pre-market trading as the company announced plans to sell Illinois Basin assets to Campbell Development for roughly $40 million – with the potential for up to an extra $10 million over the next three years, depending on commodity prices.

Juno Therapeutics Inc (NASDAQ: JUNO) rose 4.58 percent to $42.94 in pre-market trading after declining 0.51 percent on Tuesday.

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

Losers

Lakeland Industries, Inc. (NASDAQ: LAKE) shares fell 8.14 percent to $7.90 in pre-market trading. Lakeland Industries reported Q1 earnings of $0.00 per share on revenue of $20.369 million.

Infinity Pharmaceuticals Inc. (NASDAQ: INFI) shares fell 4.41 percent to $1.30 in pre-market trading after tumbling 69.16 percent on Tuesday. Morgan Stanley downgraded Infinity Pharmaceuticals from Overweight to Equal-weight and lowered the price target from $11.00 to $1.00. Jefferies also downgraded the stock from Buy to Hold.

YY Inc (ADR) (NASDAQ: YY) shares fell 2.94 percent to $37.02 in pre-market trading as the company reported a receipt of withdrawal of buyer's go private proposal. The company also reported a buyback of $200 million over the next year.

Whole Foods Market, Inc. (NASDAQ: WFM) shares fell 2.46 percent to $31.72 after dropping 2.90 percent on Tuesday.

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

 

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