Upside, Downside Movers Before the Bell
Upside:
-CNDT +16% (agrees to sell public transit business to global tech organization Modaxo for $164M)
-IMAX +13% (reportedly considering a sale; Company approached entertainment companies to seek potential buyers)
-EL +12% (terminates Puig deal talks; reiterates confidence in Beauty Reimagined strategy)
-ZM +8.0% (earnings, guidance)
-WDAY +6.7% (earnings, guidance)
-WYFI +6.3% (signs AI Compute Agreement with Total Contract Value in Excess of $160M with Investment-Grade Technology Customer)
-LION +5.7% (earnings, color)
-TTWO +5.3% (earnings, guidance)
-BAH +4.8% (earnings, guidance)
-ROST +4.8% (earnings, guidance)
-DELL +4.4% (hearing Wells Fargo raises target price to $270 from $180)
-PTON +4.3% (to replace NVRI in the S&P SmallCap 600 Index, effective May 27th)
-FLO +3.9% (earnings, guidance)
-RKLB +3.8% (awarded $90M U.S. Space Force contract)
-MRK +3.3% (receives positive EU CHMP opinion for Keytruda)
-SPOT +2.1% (investor meeting comments)
Downside:
-FUTU -37% (China authorities said to fine Tiger Brokers and Futu)
-BABA -3.4% (hearing rating lowered by European shop)
-DNLI -2.9% (Biogen and Denali Therapeutics to discontinue BIIB122 (DNL151) for in idiopathic Parkinson’s Disease after Phase 2b LUMA Study data)
-BJ -2.7% (earnings, guidance)
-CPRT -2.5% (earnings, color)
Positions: none.
