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NVAX, CRVS, LVGO...
7/7/2020 09:07am
Fly Intel: Pre-market Movers

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

HIGHER -

  • Novavax (NVAX) up 28% after receiving $1.6B in funding from the federal government's accelerated COVID-19 vaccine development program
  • Corvus Pharmaceuticals (CRVS) up 82% after initiating a Phase 1 study to investigate a novel immunotherapy approach for patients with COVID-19
  • Livongo (LVGO) up 10% after raising its Q2 revenue outlook
  • Sunrun (RUN) and Vivint Solar (VSLR) up 11% and 21%, respectively, after announcing the companies have entered into a definitive agreement under which Sunrun will acquire Vivint Solar in an all-stock transaction, representing a combined enterprise value of $9.2B
  • Endo (ENDP) up 15% after announcing that it received FDA approval of Qwo for the treatment of moderate to severe cellulite in the buttocks of adult women
  • Regeneron (REGN) up 2% after disclosing it was awarded a $450M contract to manufacture and supply REGN-COV2 from the Biomedical Advanced Research and Development Authority

LOWER -  

  • Evolus (EOLS) down 42% after announcing that the Administrative Law Judge overseeing the United States International Trade Commission case filed by Allergan (AGN) and Medytox in January 2019 against Daewoong and the company released a notice of initial determination finding a violation of Section 337 of the Tariff Act of 1930
  • Dominion (D) down 3% after Credit Suisse analyst Michael Weinstein downgraded the stock to Neutral from Outperform with an unchanged price target of $75
  • Alexandria Real Estate (ARE) down 2% after its 5M share spot secondary offering priced at $160.50 per share
  • CommScope (COMM) down 5% after Raymond James analyst Simon Leopold downgraded  shares to Market Perform from Outperform without a price target based on valuation following a further estimate reduction
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