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Foot Locker, Inc. FL stock was trading higher by 3 percent early Friday morning likely in reaction to Nike Inc NKE's strong earnings report. Foot Locker is a key retail partner for Nike products and likely moved higher as Nike showed sales growth in the U.S. market in its fiscal fourth quarter.
Gemphire Therapeutics Inc GEMP soared more than 150 percent after the clinical-stage biopharmaceutical company that focuses on treating cardiometabolic disorders announced encouraging results from a clinical study. The company said its Gemcabene therapy achieved its primary endpoint in a phase 2b study of significantly lowering triglyceride levels in patients compared to those who were treated with a placebo.
Constellation Brands, Inc. STZ was trading lower by around 4 percent in reaction to a mixed first-quarter earnings report. The parent company behind multiple alcohol brands said it earned $2.20 per share in the first quarter on revenue of $2.047 billion versus expectations of $2.45 per share and $2.04 billion. The company did raise its fiscal 2019 EPS outlook from a range of $9.38 to $9.68 to a new range of $10.93 to $11.23 per share.
Scana Corporation SCG was trading flat despite some support from a Street analyst. Mizuho upgraded the energy-based holding company's stock from Neutral to Buy.
A Schulman Inc SHLM was trading flat but could see increased volatility. The international supplier of high-performance plastic compounds is scheduled to report its fiscal third-quarter earnings report Monday.
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