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18 Stocks Moving In Friday's Pre-Market Session


Gainers

  • Acacia Communications, Inc. ACIA rose 22.6 percent to $83.00 in pre-market trading following Q2 results. Acacia Communications reported quarterly non-GAAP earnings of $0.77 per share on revenue of $116.2 million. The company expects Q3 non-GAAP earnings of $0.64 to $0.76 per share, on revenue of $120 million to $128 million.
  • Delek US Holdings, Inc. DK shares rose 17.1 percent to $17.43 in pre-market trading. CVR Energy, Inc. is said to be planning to make an offer to acquire Delek US, according to sources as reported by the NY Post on Thursday. Carl Icahn owns a controlling stake in CVR and it thought to be building a stake in Delek, the sources said.
  • Eleven Biotherapeutics Inc EBIO shares rose 6.2 percent to $4.28 in pre-market trading. Eleven Biotherapeutics reported a Q2 loss of $0.33 per share on revenue of $0.3 million and issued a strategic update.
  • CVR Energy, Inc. CVI rose 5.8 percent to $14.51 in pre-market trading. CVR Energy is said to be planning to make an offer to acquire Delek US, according to sources as reported by the NY Post on Thursday.
  • NVIDIA Corporation NVDA rose 3.9 percent to $62.04 in the pre-market trading session as the company reported stronger-than-expected Q2 results after market close on Thursday. NVIDIA saw Q3 revenues at $1.68 billion plus or minus 2 percent vs. estimates of $1.45. Additionally, management forecasted Q3 non-GAAP gross margins to be 58.0 percent.
  • J C Penney Company Inc JCP rose 3.1 percent to $10.25 in pre-market trading as the company reported a narrower-than-expected loss for the second quarter and reaffirmed its outlook for the full year 2016.
  • Endo International plc ENDP rose 2.5 percent to $23.59 in the pre-market trading session. Endo decided to withdraw its supplemental New Drug Application (sNDA) relating to specific abuse deterrent labeling for OPANA® ER. It also pledged not to refile. The move comes on the heels of a discussion with the FDA on an August 11. Mizuho Securities upgraded Endo from Neutral to Buy.

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Losers

  • Concordia International Corp CXRX fell 20.5 percent to $13.00 in pre-market trading as the company announced second quarter earnings that missed the estimates. Aside from that, the company slashed its forecast for the full year and suspended dividend.
  • Ruby Tuesday, Inc. RT shares fell 11.8 percent to $3.29 in pre-market trading as the company posted weaker-than-expected earnings for its fourth quarter and announced plans to close around 95 underperforming restaurants.

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