Upside, Downside Movers in the Morning

Upside:

-QURE +82% (FDA says 3-year Phase I/II AMT-130 data can support BLA for accelerated approval in Huntington’s disease)

-FTHM +63% (to be acquired by Bed Bath & Beyond in all-stock deal valued at about $53.38M)

-LZB +18% (earnings, guidance)

-AEHR +9.7% (receives follow-on order for FOX-XP wafer-level burn-in system)

-ASTS +5.5% (launches BlueBirds 8, 9 and 10 satellites)

-GNK +5.5% (Diana Shipping raises Genco offer 10% to $27.34/share)

-INTC +3.7% (reportedly as company begins production of its most advanced chip (18A-P) it inches closer to possible Apple deal)

-AMD +3.0% (sector strength)

-FIG +2.9% (CitiGroup Initiates FIG with Buy, price target: $36)

-PGR +2.6% (reports May net premiums written)

-KMX +2.3% (earnings, color)

-SPCX +2.0% (momentum)

-ALOT n/a (Trading halted; to be acquired by Arcline for $29.00/shr cash, $272M enterprise value)

Downside:

-BBBY -9.2% (FTHM to be acquired by Bed Bath & Beyond in all-stock deal valued at about $53.38M)

-ORA -6.0% (Bernstein initiated Underperform, Price target $115)

-CME -3.9% (names Lynne Fitzpatrick as new CEO)

-DUOT -2.9% (files to sell 2M common shares and pre-funded warrants for up to 3,800,000 shares)

Positions: None.

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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.

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