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Pre-Open Movers: Tech Stocks Lift After Drubbing, Block Falls on Downgrade

Stock Markets Sep 14, 2022 09:14
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AAPL
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SBUX
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FLS
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CSGP
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CFMS
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Pre-Open Stock Movers:

Conformis, Inc. (CFMS) 13% HIGHER; announced that it has received 510(k) clearance from the U.S. Food and Drug Administration for the Companys Actera Hip System.

POINT Biopharma Global Inc. (PNT) 11% LOWER; announced that it has commenced an underwritten public offering of its common stock.

Block Inc. (SQ) 5% LOWER; Evercore ISI downgraded from Outperform to Underperform with a price target of $55.00 (from $120.00).

SoFi Technologies (SOFI) 4% HIGHER; BofA Securities upgraded from Neutral to Buy with a price target of $9.00 (from $8.00).

Starbucks (NASDAQ:SBUX) 3% HIGHER; sees 15-20% adjusted EPS growth in FY23-FY25

Nikola Corp. (NKLA) 3% HIGHER; BTIG upgraded from Neutral to Buy with a price target of $12.00.

CoStar Group (NASDAQ:CSGP), Inc. (CSGP) 2% LOWER; announced today that in conjunction with the September 2, 2022 announcement by Standard & Poors (S&P) to include CoStar in the S&P 500 index, CoStar has commenced a public offering of $750 million of its common stock, representing approximately 9.79 million shares (based on the closing price on September 13, 2022 of $76.64)

Flowserve Corporation (NYSE:FLS) 2% LOWER; said per events are expected to negatively impact our reported and adjusted EPS by 18 to 22 cents in the 2022 third quarter.

Akero Therapeutics, Inc. (Nasdaq: NASDAQ:AKRO) 1% LOWER; commenced an underwritten public offering of $175.0 million of shares of its common stock.

Apple Inc. (Nasdaq: NASDAQ:AAPL) 1% HIGHER; tech stocks bounce after Tuesday's sell-off

Microsoft Corporation (Nasdaq: NASDAQ:MSFT) 1% HIGHER; tech stocks bounce after Tuesday's sell-off

Pre-Open Movers: Tech Stocks Lift After Drubbing, Block Falls on Downgrade
 

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