Pre-Open Stock Movers:
VMware (NYSE:VMW) 20% HIGHER; Broadcom (NASDAQ:AVGO) is in advanced talks to acquire VMware, according to various media sources.
SIGA Technologies, Inc. (NASDAQ:SIGA) 17% HIGHER; continues higher on Monkey Pox play,
Porch Group, Inc. (NASDAQ:PRCH) 11% HIGHER; J.P. Morgan initiates with an Overweight rating and a price target of $8.00.
ImmunoGen, Inc. (NASDAQ:IMGN) 10% HIGHER; The FDA has accepted and filed the Biologics License Application (BLA) for mirvetuximab soravtansine monotherapy in patients with folate receptor alpha (FR)-high platinum-resistant ovarian cancer who have been previously treated with 1 to 3 prior systemic treatments.
Gap Inc. (NYSE:GPS) 5% LOWER; Citi downgraded from Neutral to Sell with a price target of $8.00 (from $13.00).
The Children's Place (NASDAQ:PLCE) 4% LOWER; Citi downgraded from Neutral to Sell with a price target of $36.00 (from $48.00).
Autodesk (NASDAQ:ADSK) 4% LOWER; Deutsche Bank downgraded from Buy to Hold with a price target of $225.00 (from $275.00).
Abercrombie & Fitch Company (NYSE:ANF) 3% LOWER; Citi downgraded from Buy to Neutral with a price target of $30.
Kohl's (NYSE:KSS) 3% LOWER; Citi downgraded from Buy to Neutral with a price target of $39.00 (from $55.00).
HP, Inc. (NYSE:HPQ) 3% LOWER; Citi Downgraded shares to Neutral from Buy with a $38 price target.
Carter's (NYSE:CRI) 3% LOWER; Citi downgraded from Buy to Sell with a price target of $68.00 (from $110.00).
Ocugen, Inc. (NASDAQ:OCGN) 2% HIGHER; The FDA lifted the clinical hold on the Company's Phase 2/3 clinical trial, OCU-002, for COVAXIN (BBV152).
Tesla (NASDAQ:TSLA) 1% LOWER; plans to restore production at its Shanghai plant to the level at which it had operated before the city's COVID-19 lockdown by Tuesday, a day later than its most recent recovery plan, according to an internal memo seen by Reuters.