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PFE, BNTX, YRCW...
7/1/2020 09:07am
Fly Intel: Pre-market Movers

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

HIGHER -

  • Pfizer (PFE) up 6% after announcing early "positive" data from an ongoing Phase 1/2 study of mRNA-based vaccine candidate against SARS-CoV-2 . Shares of partner BioNTech (BNTX) also jumped over 7% and were halted for volatility
  • YRC Worldwide (YRCW) up 97% after announcing that that the Department of the Treasury intends to provide a $700M loan to the company under authorization provided by the CARES Act
  • T2 Biosystems (TTOO) up 63% after announcing the U.S. launch of the T2SARS-CoV-2 panel, the new molecular diagnostic test for the detection of SARS-CoV-2
  • MYOS (MYOS) up 164% after the company and MedAvail announced that they have entered into a definitive agreement and plan of merger and reorganization in which a wholly-owned subsidiary of MYOS will merge with and into MedAvail, with MedAvail being the surviving corporation and a wholly-owned subsidiary of MYOS
  • Axogen (AXGN) up 8% after providing Q2 revenue guidance above consensus

UP AFTER EARNINGS -  

  • Constellation Brands (STZ) up 2%
  • FedEx (FDX) up 11%

DOWN AFTER EARNINGS -  

  • Steelcase (SCS) down 7%

ALSO LOWER -  

  • General Motors (GM) down 1% after Ohio Attorney General Dave Yost stated in a brief to the Ohio Tax Credit Authority that General Motors "should have to pay back every last penny" of the $60M the company took in state tax credits after breaking its promise to the state by closing its Lordstown facility that was intended to stay open into 2028
  • CNH industrial (CNHI) down 3% after Deutsche Bank analyst Nicole DeBlase resumed coverage of shares with a Hold rating and $7 price target
  • iHeartMedia (IHRT) down 4% after BofA analyst Jessica Ehrlich downgraded the stock to Neutral from Buy with a $10 price target
  • Denny's (DENN) down 10% after 8M share Spot Secondary priced at $9.15
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