Upside, Downside Movers Before the Bell

Upside:

-WDFC +16% (earnings, guidance)

-EQPT +12% (raises guidance and announces buyback program)

-CRCL +11% (receives OCC approval to establish First National Digital Currency Bank)

-CCC +9.5% (considering sale and hires Morgan Stanley as advisor)

-PERF +9.2% (enters going-private merger agreement at $2.00/shr cash)

-SEI +4.8% (to replace CPRX in the S&P SmallCap 600 Index)

-TWLO +2.6% (Stifel Nicolaus Raised TWLO to Buy from Hold, price target: $260)

-UUUU +2.5% (insider buys)

Downside:

-SILO -20% (prices private placement of 620.0K shares at $6.452/shr with warrants)

-FRMI -13% (prices upsized $375M 5.00% convertible senior notes due 2031)

-BKD -5.6% (reports June operating metrics including occupancy)

-SXT -3.7% (Holder reportedly said to be offering 2.05M shares at $114-116/share worth $237.7M in block trade)

Avatar photo

Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

Leave a Reply

Your email address will not be published. Required fields are marked *