Market Overview

20 Stocks Moving In Wednesday's Pre-Market Session

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Gainers

  • Arctic Cat Inc (NASDAQ: ACAT) rose 41.3 percent to $18.49 in pre-market trading after the company agreed to be acquired by Textron Inc. (NYSE: TXT) in a $247 million all-cash deal.
  • Logitech International SA (USA) (NASDAQ: LOGI) shares rose 14.6 percent to $29.36 in pre-market trading after the company posted upbeat Q3 results.
  • Seagate Technology PLC (NASDAQ: STX) shares rose 12.1 percent to $41.95 in pre-market trading after the company reported better-than-expected results for its second quarter and issued a strong revenue outlook for the current quarter.
  • MYOS RENS Technology Inc (NASDAQ: MYOS) shares rose 11.9 percent to $3.30 in pre-market trading after gaining 4.61 percent on Tuesday.
  • Microbot Medical Inc (NASDAQ: MBOT) rose 10.1 percent to $6.00 in pre-market trading after gaining 6.03 percent on Tuesday.
  • New Relic Inc (NYSE: NEWR) shares rose 8.7 percent to $36.20 in pre-market trading after gaining 1.46 percent on Tuesday. Cowen reiterated Outperform rating on New Relic.
  • Orexigen Therapeutics, Inc. (NASDAQ: OREX) rose 8.3 percent to $3.66 in pre-market trading as the company reported the launch of Mysimba in Spain.
  • Sociedad Quimica y Minera de Chile (ADR) (NYSE: SQM) shares rose 7.1 percent to $35.96 in pre-market trading after gaining 2.35 percent on Tuesday.
  • Open Text Corp (USA) (NASDAQ: OTEX) rose 5.5 percent to $34.84 in pre-market trading after dropping 48.10 percent on Tuesday.
  • Western Digital Corp (NASDAQ: WDC) rose 5.3 percent to $80.00 in pre-market trading. Western Digital is expected to release quarterly earnings after the closing bell.
  • Cree, Inc. (NASDAQ: CREE) rose 3.8 percent to $28.45 in pre-market trading as the company reported stronger-than-expected results for its second quarter on Tuesday.
  • Alcoa Corp (NYSE: AA) shares rose 3.6 percent to $38.85 in pre-market trading. Alcoa reported weaker-than-expected earnings for its fourth quarter, but sales exceeded expectations.

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Losers

  • Horizon Global Corp (NYSE: HZN) fell 9 percent to $19.00 in pre-market trading. Horizon Global reported proposed offerings of common stock and convertible senior notes and announced preliminary unaudited 2016 financial results.
  • Northern Dynasty Minerals Ltd (NYSE: NAK) fell 7 percent to $3.09 in pre-market trading after rising 12.16 percent on Tuesday.
  • Box, Inc. (NYSE: BOX) shares fell 6.1 percent to $16.00 in pre-market trading after rising 0.35 percent on Tuesday.
  • Adient PLC (NYSE: ADNT) fell 5.9 percent to $62.01 in pre-market trading after gaining 2.83 percent on Tuesday.
  • CoStar Group Inc (NASDAQ: CSGP) shares fell 4.7 percent to $193.56 in pre-market trading after rising 1.37 percent on Tuesday.
  • NEWTEK Business Services Corp (NASDAQ: NEWT) shares fell 4.6 percent to $15.50 in pre-market trading after the company reported a 1.5 million share common stock offering.
  • Brinker International, Inc. (NYSE: EAT) fell 4.6 percent to $45.00 in pre-market trading after the company posted weaker-than-expected earnings for its second quarter.
  • Michaels Companies Inc (NASDAQ: MIK) shares fell 2.5 percent to $21.25 in pre-market trading. Michaels Companies reported a secondary offering of 18 million shares by selling shareholders, of which the company intends to buyback 8 million shares of stock. The company also issued a weak earnings forecast for the fourth quarter.
 

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