Market Overview

Benzinga Pro's Top 5 Stocks To Watch For Tues., Feb. 25, 2020: NIO, TUP, PANW, MRNA, MNK


Benzinga Pro's Stocks To Watch For Tuesday

  • NIO, Inc. (NIO) - Shares were up 28% following news the company signed a framework deal with Hefei, China's city government on fundraising for $1.42 billion. 
  • Tupperware (TUP) - The stock was down 19% on the heels of concerning FY19 and FY20 guidance. The company cited increased valuation of allowances for deferred tax assets, unfavorable macro trends in Brazil, China, US and Canada and a probe related to accounting of accounts payable and liabilities.
  • Palo Alto Networks (PANW) - Posted mixed Q2 results and gave Q3 and FY20 guidance which was worse than the analyst consensus estimates. At least 4 sell-side firms downgraded Palo Alto shares Tuesday morning.The stock was down 15%.
  • Moderna (MRNA) - Reported the shipment of an mRNA vaccine for a Phase 1 trial to treat against novel coronavirus. The stock was up 15% ahead of the opening bell.
  • Mallinckrodt (MNK) - Shares rebounded sharply following news of the settlement of a long-plaguing case brought against the company regarding opioid-related claims. With the settlement, the company will restructure its debt via a Chapter 11 bankruptcy. The stock was up more than 40% in pre-market action.

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Posted-In: Pre-Market Outlook