25 Stocks Moving In Wednesday's Pre-Market Session

Gainers

• Pieris Pharmaceuticals Inc PIRS rose 54.6 percent to $3.71 in pre-market trading after the company reported a collaboration with AstraZeneca to develop and commercialize Anticalin-based inhaled treatments for respiratory diseases.
• Straight Path Communications Inc STRP rose 19.2 percent to $150.00 in pre-market trading. Straight Path reported that an all-stock takeover for $135.96/share from a multi-national telecommunications company is a superior offer to AT&T's.
• FireEye Inc FEYE shares rose 16.7 percent to $14.25 in pre-market trading after the company posted stronger-than-expected Q1 results.
• Weight Watchers International, Inc. WTW shares rose 14.1 percent to $24.17 in pre-market trading after the company posted upbeat Q1 results and raised its FY17 earnings guidance.
• Microvision, Inc. MVIS rose 11.5 percent to $2.42 in pre-market trading after gaining 2.84 percent on Tuesday.
• First Solar, Inc. FSLR rose 8.3 percent to $32.85 in pre-market trading after the company reported strong quarterly results and raised its FY17 outlook. Axiom Capital upgraded First Solar from Sell to Hold.
• Globalstar, Inc. GSAT rose 6.3 percent to $2.02 in pre-market trading after dropping 2.56 percent on Tuesday.
• Citrix Systems, Inc. CTXS rose 6.2 percent to $86.35 in pre-market trading. Bain Capital, Carlyle Group and Thoma Bravo are among bidders for Citrix, Bloomberg reported.
• Novo Nordisk A/S (ADR) NVO rose 6.2 percent to $41.34 in pre-market trading after strong quarterly profit.
• ICICI Bank Ltd (ADR) IBN shares rose 6.1 percent to $9.00 in pre-market trading after slipping 1.05 percent on Tuesday.
• Array Biopharma Inc ARRY rose 4.5 percent to $7.69 in pre-market trading. JP Morgan upgraded Array BioPharma from Neutral to Overweight.
• Quad/Graphics, Inc. QUAD rose 4.2 percent to $27.70 in pre-market trading as the company posted upbeat earnings for its first quarter.
• Mondelez International Inc MDLZ shares rose 3.8 percent to $45.40 in pre-market trading after the company reported better-than-expected earnings for its first quarter.

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

Losers

• Twilio Inc TWLO fell 31.5 percent to $23.25 in pre-market trading. Twilio posted better-than-expected results for its first quarter, but issued a weak forecast for the year.
• Etsy Inc ETSY fell 17 percent to $9.45 in pre-market trading after the company posted downbeat Q1 earnings and announced plans to cut 8 percent of its workforce.. The company also announced that its CEO Chad Dickerson would step down.
• Akamai Technologies, Inc. AKAM shares fell 16.1 percent to $52.47 in pre-market trading. Akamai posted upbeat quarterly results, but issued a weak sales forecast for the current quarter. Wells Fargo downgraded Akamai Technologies from Outperform to Market Perform, while SunTrust Robinson Humphrey downgraded the stock from Buy to Hold.
• Lannett Company, Inc. LCI shares fell 15 percent to $23.10 in the pre-market trading session after reporting downbeat Q3 results.
• Potbelly Corp PBPB fell 14.1 percent to $11.90 in pre-market trading. Potbelly posted in-line quarterly earnings, while sales missed estimates. The company also issued a weak earnings forecast for FY17. William Blair downgraded Potbelly from Outperform to Market Perform.
• Cray Inc. CRAY fell 13 percent to $16.15 in pre-market trading after the company posted a wider-than-expected quarterly loss.
• Oclaro, Inc. OCLR shares fell 9.4 percent to $7.42 in pre-market trading. Oclaro posted better-than-expected Q3 results, but issued a weak sales forecast for the current quarter..
• Verisk Analytics, Inc. VRSK shares fell 8.8 percent to $75.00 in pre-market trading on weak Q1 results. JP Morgan downgraded Verisk Analytics from Overweight to Neutral.
• Lumentum Holdings Inc LITE fell 5 percent to $40.60 in pre-market trading after dropping 2.17 percent on Tuesday.
• Perrigo Company plc PRGO fell 3.4 percent to $73.68 in pre-market trading after gaining 2.94 percent on Tuesday.
• Gilead Sciences, Inc. GILD fell around 2 percent to $67.40 in pre-market trading after the company posted downbeat earnings for its first quarter.
• Apple Inc. AAPL fell 1.5 percent to $145.51 in pre-market trading. Apple posted upbeat earnings for its second quarter and announced a $50 billion buyback plan. iPhone unit sales dropped 1 percent year-over-year in the quarter, while iPad unit sales declined 13percent year-over-year.