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BA, CTSO, TTOO...
3/25/2020 09:03am
Fly Intel: Pre-market Movers
Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Boeing (BA) up 17% after Eric Johnson of Reuters reported the company plans to restart the output of 737 MAX aircraft by May
- CytoSorbents (CTSO) up 42% after announcing CytoSorb has now been used in more than 70 COVID-19 patients to help treat cytokine storm and life-threatening complications in Italy, China, Germany and France
- T2 Biosystems (TTOO) up 127% after entering into a worldwide licensing agreement for a rapid, novel coronavirus test developed by the Center of Discovery and Innovation at Hackensack Meridian Health
- Goldman Sachs BDC (GSBD) up 4% after Wells Fargo analyst Finian O'Shea upgraded shares to Overweight from Equal Weight, saying both valuation and the leverage profile of the company are attractive
UP AFTER EARNINGS -
- Nike (NKE) up 10%
DOWN AFTER EARNINGS -
- At Home Group (HOME) down 17%
- Synnex (SNX) down 1%
LOWER -
- Abiomed (ABMD) down 2% after disclosing a number of steps to respond to the COVID-19 outbreak including pausing the FDA STEMI-DTU randomized controlled trial
- CenturyLink (CTL) down 8% after Citi analyst Michael Rollins downgraded the stock to Sell from Neutral with a price target of $6, down from $13
- Kontoor Brands (KTB) down 7% after Goldman Sachs analyst Alexandra Walvis downgraded shares to Sell from Neutral with a price target of $17, down from $32.50
- Whiting Petroleum (WLL) down 4% after JPMorgan analyst Michael Glick downgraded the stock to Underweight from Neutral