After-Hours Stock Movers:
Ocular Therapeutix (Nasdaq: NASDAQ:OCUL) 15% LOWER; commenced an underwritten public offering of its common stock.
MorphoSys AG ADR (NASDAQ:MOR) 12% LOWER; announces that its Management Board, with the approval of the Supervisory Board, has resolved the launch of a cash capital increase against cash contributions under exclusion of shareholders' pre-emptive rights.
Adobe Systems (NASDAQ:ADBE) 6% LOWER; beat on the top and bottom line for its fourth quarter but provided revenue guidance that was slightly below consensus for its first quarter and full year 2024.
Alector Inc . (NASDAQ:ALEC) 6% HIGHER; Stifel upgraded from Hold to Buy with a price target of $15.00 (from $8.00).
Pembina Pipeline Corporation (NYSE:PBA) 1% LOWER; acquires Enbridge's (NYSE:ENB) 50.0% interest in Alliance Pipeline and its 42.7% interest in Aux Sable for $3.1 billion.