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IVZ, TNAV, PACB...
10/2/2020 09:10am
Fly Intel: Pre-market Movers
Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Invesco (IVZ) and Janus Henderson (JHG) up 6% and 10%, respectively, after the Wall Street Journal reported that Trian Fund Management has accumulated 9.9% stakes in both companies, with the positions totaling roughly $900M
- Telenav (TNAV) up 4% after receiving a proposal from HP Jin, president and CEO of the company, to acquire all of the outstanding shares of Telenav for $4.32 per share in cash in a "go private" transaction structured as a reverse triangular merger
- Pacific Biosciences (PACB) up 7% after JPMorgan analyst Tycho Peterson upgraded shares to Overweight from Neutral with a $15 price target
- Twilio (TWLO) up 8% following the company's analyst day at which it issued guidance
UP AFTER EARNINGS -
- IDT Corp. (IDT) up 22%
DOWN AFTER EARNINGS -
- Smart Global (SGH) down 8%
ALSO LOWER -
- Tesla (TSLA) down 4% after announcing it produced just over 145,000 vehicles and delivered nearly 140,000 vehicles in Q3
- Mesoblast (MESO) down 31% after announcing that the FDA has issued a Complete Response Letter to its Biologics License Application for remestemcel-L recommending that the company conduct at least one additional randomized, controlled study in adults and/or children to provide further evidence of the effectiveness
- Casella Waste (CWST) down 4% after announcing it acquisition of the assets of Pinto Trucking Services