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Pre-Open Stock Movers: Ampio, iRobot, Spotify Higher; Traeger, Okta Lower

Published 03/24/2022, 09:20 AM
Updated 03/24/2022, 09:22 AM

Pre-Open Stock Movers:

Ampio Pharmaceuticals (NYSE:AMPE) 56% HIGHER; Alliance Global initiates coverage with a Buy rating and a price target of $4.50.

Traeger, Inc. (COOK) 18.2% LOWER; reported Q4 EPS of $0.03, $0.08 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $174.9 million versus the consensus estimate of $158.54 million. Traeger, Inc. sees FY2022 revenue of $800-850 million, versus the consensus of $955 million.

Relmada Therapeutics (NASDAQ:RLMD) 15.5% HIGHER; reported Q4 EPS of ($1.80), $0.03 better than the analyst estimate of ($1.83).

Ra Medical Systems (NYSE:RMED) 13.9% LOWER; reported Q4 EPS of ($1.23), $0.38 worse than the analyst estimate of ($0.85). Revenue for the quarter came in at $5 thousand versus the consensus estimate of $350 thousand.

iRobot (NASDAQ:IRBT) Corporation (IRBT) 10.5% HIGHER; Northland Capital upgraded from Market Perform to Outperform with a price target of $85.00.

Apellis Pharmaceuticals, Inc., (Nasdaq: NASDAQ:APLS) 7.1% LOWER; commenced an underwritten public offering of $300 million of its common stock.

Oxford Industries (NYSE:OXM) 6% HIGHER; reported Q3 EPS of $1.50, $0.07 better than the analyst estimate of $1.43. Revenue for the quarter came in at $299.9 million versus the consensus estimate of $294.63 million. Oxford Industries sees FY2021 EPS of $8.75-$9.15, versus the consensus of $7.75. Oxford Industries sees FY2021 revenue of $1.245-1.285 billion, versus the consensus of $1.14 billion.

Uber Technologies (NYSE:UBER) 5.6% HIGHER; reached a deal to list all New York taxis on its app.

H.B. Fuller (FUL) 5.3% HIGHER; reported Q1 EPS of $0.80, $0.07 better than the analyst estimate of $0.73. Revenue for the quarter came in at $857 million versus the consensus estimate of $817.14 million. H.B. Fuller sees FY2022 EPS of $4.10-$4.35, versus the consensus of $4.16.

Wix.com Ltd. (Nasdaq: NASDAQ:WIX) 5.3% HIGHER; announced that its Board of Directors had authorized a $500 million securities repurchase program.

Spotify (NYSE:SPOT) 5.2% HIGHER; entered into a multi-year agreement with Alphabet Inc. (Nasdaq: NASDAQ:GOOGL) to provide its customers an option to pay with either Spotifys payment system or with Google Play Billing when downloading Spotify from the Google Play Store.

Nikola (NKLA) 4.5% HIGHER; Says Commercial Truck Production Started This Week - Bloomberg

KB Home (NYSE:KBH) 4.5% LOWER; reported Q1 EPS of $1.47, $0.09 worse than the analyst estimate of $1.56. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.5 billion. Sees FY housing revenues in the range of $7.20 billion to $7.60 billion.

Ascendis Pharma A/S (NASDAQ:ASND) 4.4% LOWER; to offer, subject to market and other conditions, US$500,000,000 aggregate principal amount of convertible senior notes due 2028 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

Oshkosh Corporation (NYSE:OSK) 4.3% HIGHER; The U.S. Postal Service (USPS) announced today that it has placed its first order of Next Generation Delivery Vehicles (NGDV) with Oshkosh Defense, a wholly owned subsidiary of Oshkosh Corporation (OSK). The initial order is for 50,000 NGDVs and is valued at $2.98 Billion.

Ping Identity Holding (NASDAQ:PING_old) Corp (NYSE:PING) 4.3% HIGHER; Stifel upgraded from Hold to Buy with a price target of $30.00.

Steelcase (NYSE:SCS) 4.2% LOWER; reported Q4 EPS of ($0.02), $0.02 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $753.1 million versus the consensus estimate of $752.7 million. Steelcase sees Q1 2023 revenue of $680-705 million, versus the consensus of $689.5 million.

Infinera Corp . (NASDAQ:INFN) 2% HIGHER; with a Buy rating and a price target of $12.00.

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