Pre-Open Movers: ironSource Gains on Deal News, Li Auto Falls Following Results
2022.08.15 16:22
Pre-Open Movers: ironSource Gains on Deal News, Li Auto Falls Following Results
Pre-Open Stock Movers:
Unity Biotechnology Inc (NASDAQ:UBX) 21% HIGHER; Citi raises its price target to $8.00 (from $5.00) while maintaining a Buy rating following Friday’s positive data.
Bed Bath & Beyond Inc . (NASDAQ:BBBY) 16% HIGHER; sees sharp gains, adding to recent momentum.
ironSource (IS) 14% HIGHER; Unity (U) unanimously rejected AppLovin’s unilateral, non-binding, all-stock proposal with Unity and strongly reaffirmed its commitment to a merger with ironSource.
PlayAGS (AGS) 11% HIGHER; confirms receipt of non-binding indication of interest to purchase Company for $10 per share.
Vroom (VRM) 3% LOWER; JPMorgan downgraded from Neutral to Underweight.
Shift Technologies Inc. (SFT) 3% LOWER; JPMorgan downgraded from Neutral to Underweight.
Li Auto Inc. (LI) 3% LOWER; reported a 2Q adjusted EPS loss of $(0.02), compared to an EPS of $0.01 in the year-ago period, while analysts were expecting an EPS loss of $(0.06). Revenue came in at $1.30 billion, up 73.3% YoY.
Illinois Tool Works (NYSE:ITW) 2% LOWER; Deutsche Bank downgraded from Hold to Sell with a price target of $188.00.
Cisco Systems (NASDAQ:CSCO) 1% LOWER; Citi said the company is losing market share.
