Market Overview

30 Stocks Moving In Friday's Pre-Market Session

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Gainers

  • Biocept Inc (NASDAQ: BIOC) rose 18.7 percent to $2.60 in pre-market trading after surging 29.59 percent on Thursday.
  • Sears Holdings Corp (NASDAQ: SHLD) shares rose 17.2 percent to $6.49 in pre-market trading. Sears announced plans to reduce outstanding debt and pension obligations by at least $1.5 billion. The company also issued a strong revenue forecast.
  • Infinera Corp. (NASDAQ: INFN) rose 17 percent to $11.00 in pre-market trading after the company reported stronger-than-expected Q4 results.
  • Control4 Corp (NASDAQ: CTRL) shares rose 12.8 percent to $13.05 in pre-market trading on upbeat Q4 results. Raymond James upgraded Control4 from Market Perform to Outperform.
  • Skechers USA Inc (NYSE: SKX) shares rose 10.8 percent to $25.80 in pre-market trading. Skechers posted weak quarterly earnings, while sales exceeded analysts’ estimates.
  • Activision Blizzard, Inc. (NASDAQ: ATVI) rose 10.2 percent to $43.77 in pre-market trading after the company reported upbeat revenue for its fourth quarter and lifted its quarterly dividend. The company also disclosed a two-year $1 billion stock buyback plan.
  • Immunomedics, Inc. (NASDAQ: IMMU) shares rose 10 percent to $4.73 in pre-market trading. Immunomedics reported a Q2 loss of $0.23 per share on revenue of $0.4 million. The company also disclosed an agreement with Seattle Genetics for exclusive rights to commercialize sacituzumab govitecan.
  • Sierra Wireless, Inc. (USA) (NASDAQ: SWIR) rose 9.9 percent to $20.50 in pre-market trading after the company posted strong Q4 results.
  • Trivago NV - ADR (NASDAQ: TRVG) shares rose 8.6 percent to $12.50 in pre-market trading following selected financial data for the fourth quarter.
  • Rapid7 Inc (NASDAQ: RPD) rose 7.5 percent to $13.50 in pre-market trading after the company reported a narrower-than-expected quarterly loss.
  • Gran Tierra Energy Inc. (NYSE: GTE) rose 7 percent to $2.74 in pre-market trading. Credit Suisse upgraded Gran Tierra Energy from Neutral to Outperform.
  • Ocular Therapeutix Inc (NASDAQ: OCUL) shares rose 6.6 percent to $7.65 in pre-market trading after gaining 4.21 percent on Thursday.
  • Mead Johnson Nutrition CO (NYSE: MJN) shares rose 5.2 percent to $87.35 in pre-market trading after the company agreed to be acquired by Reckitt Benckiser for $90 per share in cash.
  • NVIDIA Corporation (NASDAQ: NVDA) rose 2.3 percent to $119.00 in pre-market trading after the company reported stronger-than-expected results for its fourth quarter.

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Losers

  • TRACON Pharmaceuticals Inc (NASDAQ: TCON) fell 17.5 percent to $4.00 in pre-market trading. TRACON Pharmaceuticals disclosed that the combination of TRC105 and Avastin did not improve median PFS vs. single agent Avastin in recurrent GBM patients.
  • Organovo Holdings Inc (NASDAQ: ONVO) dropped 15.9 percent to $3.17 in pre-market trading. Organovo posted a narrower-than-expected quarterly loss, but sales missed expectations. The company also issued a weak sales forecast for the full year,
  • Intercept Pharmaceuticals Inc (NASDAQ: ICPT) fell 13 percent to $97.99 in pre-market trading. Intercept Pharmaceuticals will provide an update on the Phase 3 REGENERATE trial of obeticholic acid today at 8:30 a.m. ET.
  • Globus Maritime Ltd (NASDAQ: GLBS) shares fell 12.2 percent to $6.33 in the pre-market trading session after dropping 12.82 percent on Thursday.
  • Yelp Inc (NYSE: YELP) shares fell 10 percent to $37.35 in pre-market trading. Yelp posted strong earnings for its fourth quarter, but issued a weak revenue outlook for 2017.
  • Ubiquiti Networks Inc (NASDAQ: UBNT) fell around 9.6 percent to $58.00 in pre-market trading after reporting downbeat Q2 earnings.
  • BioTime, Inc. (NYSE: BTX) fell 9 percent to $2.74 in pre-market trading. BioTime proposed a public offering of common stock.
  • Live Ventures Inc (NASDAQ: LIVE) fell 8.5 percent to $16.81 in pre-market trading. On Thursday, Live Ventures reported Q1 earnings of $0.37 per share on revenue of $32.189 million.
  • Rice Energy Inc (NYSE: RICE) shares fell 7.1 percent to $20.16 in pre-market trading. Rice Energy is expected to report Q4 financial and operating results on February 22, 2017.
  • Cerner Corporation (NASDAQ: CERN) fell 7 percent to $50.11 in pre-market trading. Cerner posted in-line quarterly earnings. Oppenheimer downgraded Cerner from Outperform to Perform.
  • Eagle Bulk Shipping Inc (NASDAQ: EGLE) fell 6.8 percent to $6.02 in pre-market trading after declining 1.67 percent on Thursday.
  • Box Inc (NYSE: BOX) shares fell 6 percent to $17.12 in pre-market trading. Box is projected to release quarterly results on March 1, 2017.
  • Zynga Inc (NASDAQ: ZNGA) fell 5.2 percent to $2.39 in pre-market trading after the company reported weaker-than-expected results for its fourth quarter and issued downbeat bookings forecast for the current quarter.
  • Cliffs Natural Resources Inc (NYSE: CLF) shares fell 5.1 percent to $10.79 in pre-market trading. Cliffs Natural priced its upsized 55 million share offering at $10.75 per share.
  • Cyberark Software Ltd (NASDAQ: CYBR) fell 4.5 percent to $52.83 in pre-market trading. CyberArk reported Q4 adjusted earnings of $0.41 per share on revenue of $64.4 million.
  • Monolithic Power Systems, Inc. (NASDAQ: MPWR) shares fell 2.6 percent to $86.70 in pre-market trading. Monolithic posted upbeat Q4 results.
 

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