Market Overview

10 Stocks Moving In Friday's Pre-Market Session

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Gainers

  • Eleven Biotherapeutics Inc (NASDAQ: EBIO) shares rose 42.9 percent to $2.80 in pre-market trading after the company reported the effectiveness of IND application for EBI-031.
  • Mitel Networks Corporation (NASDAQ: MITL) rose 22.1 percent to $7.35 in pre-market trading as Polycom reported an end of Mitel merger deal.
  • Barracuda Networks Inc (NYSE: CUDA) shares rose 15.7 percent to $17.94 in pre-market trading as the company reported stronger-than-expected results for its first quarter. The company reported that CFO David Faugno will be stepping down and current chief accounting officer, Dustin Driggs, will replace Faugno.
  • Polycom Inc (NASDAQ: PLCM) shares rose 13.6 percent to $12.35 in pre-market trading after the company revealed Friday that private equity firm, Siris Capital Group, LLC and its affiliates, have submitted a unilaterally binding offer to buy all outstanding shares for $12.50 per share in cash.
  • Smith & Wesson Holding Corp (NASDAQ: SWHC) shares rose 5 percent to $29.70 in pre-market trading. Gun manufacturers shares rose after a deadly shooting in downtown Dallas. Three people were in custody while a fourth suspect exchanged gunfire with police authorities. A sniper fatally shot 11 officers, five fatally.
  • Gap Inc (NYSE: GPS) rose 3.6 percent to $22.40 in pre-market trading. Gap reported a 2 percent rise in its comparable sales for June, while total sales increased to $1.57 billion from $1.54 billion.

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Losers

  • Juno Therapeutics Inc (NASDAQ: JUNO) shares fell 26.2 percent to $30.12 in pre-market trading after the company announced JCAR015's Phase 2 trial was put on hold after two patients died last week.
  • Kite Pharma Inc (NASDAQ: KITE) shares dipped 7.9 percent to $48.00 in pre-market trading after Juno Therapeutics reported an FDA clinical hold on JCAR015's Phase 2 trial.
  • WD-40 Company (NASDAQ: WDFC) shares tumbled 4.2 percent to $111.10 in the pre-market trading session. WD-40 reported upbeat earnings for its third quarter on Thursday. However, the company posted weaker-than-expected sales and lowered its revenue outlook for the year.
  • Galena Biopharma Inc (NASDAQ: GALE) fell 2.6 percent to $0.501 in pre-market trading. Galena Biopharma priced 28 million shares at $0.45 per share.
 

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