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ALXN, PTLA, TGTX...
5/5/2020 09:05am
Fly Intel: Pre-market Movers

Check out this morning's top movers from around Wall Street, compiled by The Fly. 

HIGHER - 

  • Portola Pharmaceuticals (PTLA) up 130% after Alexion Pharmaceuticals (ALXN) entered into a definitive merger agreement to acquire Portola for $18 per share in cash
  • TG Therapeutics (TGTX) up 39% after announcing its UNITY-CLL Phase 3 trial evaluating the combination of umbralisib plus ublituximab compared to obinutuzumab plus chlorambucil in patients with previously untreated and relapsed/refractory chronic lymphocytic leukemia met its primary endpoint

UP AFTER EARNINGS - 

  • Wayfair (W) up 10%
  • DuPont (DD) up 2%
  • Sysco (SYY) up 2%
  • Marathon Petroleum (MPC) up 5%
  • Henry Schein (HSIC) up 2%
  • IPG Photonics (IPGP) up 6%
  • US Foods (USFD) up 2%
  • Sealed Air (SEE) up 3%
  • Alaska Air (ALK) up 7%  

DOWN AFTER EARNINGS -

  • WestRock (WRK) down 5%
  • Mallinckrodt (MNK) down 3%
  • Lumentum (LITE) down 1%
  • Karyopharm (KPTI) down 4%

ALSO LOWER - 

  • Hertz (HTZ) down 33% after the Wall Street Journal reports the company hired an extra adviser to help prepare for a bankruptcy filing
  • L Brands (LB) down 6% after reporting a mutual agreement with Sycamore Partners to terminate their previously announced transaction and outlining its go-forward strategy for the company to drive long-term shareholder value
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