18 Stocks Moving In Friday's Pre-Market Session
Gainers
- Genocea Biosciences Inc (NASDAQ: GNCA) shares rose 13.3 percent to $4.08 in pre-market trading after the company presented a new 12 month data on genital herpes immunotherapy GEN-003.
- Baker Hughes Incorporated (NYSE: BHI) shares rose 8.2 percent to $59.00 in pre-market trading. General Electric Co. (NYSE: GE) is said to be in talks to acquire Baker Hughes, according to sources as reported by Dow Jones on Thursday. A deal could be valued at as much as $30 billion, the sources said. However, Bloomberg later reported that a GE spokesperson said they are is in talks with Baker Hughes regarding possible partnerships, but not an acquisition.
- Sanofi SA (ADR) (NYSE: SNY) rose 8 percent to $40.20 in the pre-market trading after the company posted upbeat quarterly earnings and lifted its full-year profit forecast.
- Cirrus Logic, Inc. (NASDAQ: CRUS) rose 6.6 percent to $55.20 in pre-market trading after the company reported better-than-expected results for its third quarter.
- Alliance Resource Partners, L.P. (NASDAQ: ARLP) shares rose 5.3 percent to $24.75 in pre-market trading following results for the quarter ended September 30, 2016. Its net income in the quarter gained 7.7 percent to $89.8 million.
- Marvell Technology Group Ltd. (NASDAQ: MRVL) rose 5 percent to $13.78 in pre-market trading after dropping 2.09 percent on Thursday.
- Community Health Systems (NYSE: CYH) rose 4.4 percent to $5.27 in pre-market trading after tumbling 49.65 percent on Thursday.
- Groupon Inc (NASDAQ: GRPN) rose 3.2 percent to $4.23 in pre-market trading after falling 22.05 percent on Thursday.
- Alphabet Inc (NASDAQ: GOOG) rose 1.6 percent to $808.00 in the pre-market trading session after the company reported stronger-than-expected results for its third quarter. The company also announced a $7 billion stock buyback plan.
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Losers
- Cempra Inc (NASDAQ: CEMP) shares fell 17.7 percent to $19.30 in pre-market trading after the company posted a Q3 loss of $0.62 per share and issued a corporate update.
- McKesson Corporation (NYSE: MCK) fell 15.3 percent to $136.00 in pre-market trading after the company reported downbeat earnings for its second quarter and lowered its FY17 earnings outlook. McKesson also reported a new $4 billion buyback plan.
- Novo Nordisk A/S (ADR) (NYSE: NVO) shares fell 13.9 percent to $35.26 in pre-market trading after the company issued a warning on profit forecast for the full year. The company indicated its sales forecast are around 5-6 percent for the full year, while adjusted operating profit is guided between 5-7 percent in local currencies.
- Mellanox Technologies, Ltd. (NASDAQ: MLNX) shares fell 9.5 percent to $38.45 in pre-market trading. Mellanox posted upbeat Q3 earnings, but issued a weak revenue outlook for the current quarter.
- Cardinal Health Inc (NYSE: CAH) shares fell 9.4 percent to $66.71 in pre-market trading. Baird downgraded Cardinal Health from Outperform to Neutral.
- Goodyear Tire & Rubber Co (NASDAQ: GT) fell 6.7 percent to $29.00 in pre-market trading following Q3 results. Goodyear Tire reported Q3 earnings of $1.19 per share on revenue of $3.85 billion.
- State National Companies Inc (NASDAQ: SNC) shares fell 6.2 percent to $9.73 in pre-market trading after dropping 1.43 percent on Thursday.
- Amazon.com, Inc. (NASDAQ: AMZN) shares fell 5.4 percent to $774.19 in the pre-market trading session as the company reported weaker-than-expected earnings for its third quarter on Thursday.
- B&G Foods, Inc. (NYSE: BGS) shares fell 4.7 percent to $43.60 in pre-market trading following Q3 results. B&G Foods posted upbeat quarterly earnings, but revenue missed estimates.
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