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Tuesday's Pre-Market Insights: AMD, BBRY, LULU

Published 06/09/2015, 08:12 AM
Updated 05/14/2017, 06:45 AM


Advanced Micro Devices Inc (NASDAQ:AMD) shares are up 2.60% in pre-market trading to $2.37 after pricing for the semiconductor company’s entire Radeon 300 series was leaked. Allegedly, the least expensive R7 360 2GB will retail for $107 and the most expensive R9 390X 8GB will retail for $389. The average 12-month price target between the ten top analysts recommending AMD on TipRanks is $2.84, marking a 23% upside from where the stock is currently trading.


BlackBerry Ltd (NASDAQ:BBRY) shares fell -3.36% to $9.20 in pre-market trading after several Wall Street banks and financial institutions announced that they will be dropping BlackBerry contracts. Corporate contracts are a sizeable and reputable part of BlackBerry’s business, and many fear that recent contract cancellations will have a significant impact on sales.


lululemon athletica inc (NASDAQ:LULU) shares increased 3.06% in pre-market trading to $63.40 after the athletic apparel retailer posted 1Q15 earnings. The company posted quarterly net revenue of $423.5 million, marking a 10% year-over-year increase. The company also provided an updated outlook, expecting to post 2Q15 net revenue between $440 million and $445 million with diluted EPS between $0.31 and $0.33. Out of the ten top analysts polled by TipRanks, the average 12-month price target is $67.75, marking a 10% upside from where the stock is currently being traded.

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