18 Stocks Moving In Wednesday's Pre-Market Session
Gainers
- Sequenom, Inc. (NASDAQ: SQNM) rose 178.6 percent to $2.370 in pre-market trading as the company agreed to be acquired by Laboratory Corp. of America Holdings (NYSE: LH) for $2.40 per share in cash.
- Recro Pharma Inc (NASDAQ: REPH) shares rose 50.5 percent to $11.56 in pre-market trading after the company reported top-line results from the Phase III trial of IV meloxicam. The company announced that the trial has met its primary endpoint.
- LogMeIn Inc (NASDAQ: LOGM) rose 20.4 percent to $84.00 in the pre-market trading session after the company confirmed a deal to merge with Citrix Systems, Inc. (NASDAQ: CTXS)'s GoTo business. LogMeIn also reported better-than-expected quarterly results.
- BIND Therapeutics Inc (NASDAQ: BIND) shares rose 16.1 percent to $1.080 in pre-market trading after Pfizer Inc. (NYSE: PFE) announced plans to buy substantially all of BIND’s assets.
- Garmin Ltd. (NASDAQ: GRMN) rose 9.9 percent to $51.00 in pre-market trading after the company reported upbeat quarterly results and raised its FY16 outlook.
- Edwards Lifesciences Corp (NYSE: EW) rose 8.4 percent to $117.40 in pre-market trading after the company posted upbeat quarterly results.
- United States Steel Corporation (NYSE: X) rose 7.8 percent to $24.75 in pre-market trading after the company posted a narrower-than-expected quarterly loss.
- Apple Inc. (NASDAQ: AAPL) shares rose 7.3 percent to $103.70 in pre-market trading after the company reported stronger-than-expected results for its fiscal third quarter on Tuesday.
- Analog Devices, Inc. (NASDAQ: ADI) rose 6.1 percent to $66.70 in the pre-market trading session. Analog Devices announced plans to buy Linear Technology and raised its Q3 outlook.
- Buffalo Wild Wings (NASDAQ: BWLD) shares rose 4.8 percent to $154.10 in pre-market trading after the company posted better-than-expected earnings for its second quarter.
- Panera Bread Co (NASDAQ: PNRA) rose 3.6 percent to $215.00 in pre-market trading after the company posted better-than-expected quarterly results.
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Losers
- Akamai Technologies, Inc. (NASDAQ: AKAM) shares fell 12.2 percent to $51.00 in the pre-market trading session after the company reported downbeat Q2 revenue and issued a weak Q3 guidance.
- Twitter Inc (NYSE: TWTR) fell 10.8 percent to $16.46 in pre-market trading. Twitter reported better-than-expected earnings for its second quarter, but revenue fell short of expectations. The company also issued a weak revenue forecast for the third quarter.
- Viper Energy Partners LP (NASDAQ: VNOM) shares fell 5.1 percent to $16.20 in pre-market trading. Viper Energy priced 7 million units at $16 per unit.
- Skypeople Fruit Juice Inc (NASDAQ: SPU) shares fell 6.1 percent to $12.22 in pre-market trading after dropping 28.59 percent on Tuesday.
- Match Group Inc (NASDAQ: MTCH) fell 5.1 percent to $15.79 in pre-market trading after the company released Q2 earnings on Tuesday. Match reported Q2 earnings of $0.17 per share on revenue of $301.119 million.
- Linear Technology Corporation (NASDAQ: LLTC) shares fell 3.1 percent to $60.58 in pre-market trading. On Tuesday, Analog Devices announced plans to buy Linear Technology.
- C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) shares fell 2.6 percent to $70.30 in pre-market trading. CH Robinson reported Q2 earnings of $1 per share on sales of $3.3 billion.
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