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Pre-Open Stock Movers 07/06: DoorDash, Uber Fall on Amazon's Deal with Grubhub (more...)

Published 07/06/2022, 05:28 AM
Updated 07/06/2022, 09:37 AM

Pre-Open Stock Movers:

Resolute Forest Products Inc. (NYSE:RFP) 65% HIGHER; The Paper Excellence Group, through its wholly-owned subsidiary Domtar Corporation (NYSE:UFS), a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, and Resolute Forest Products a global forest products company, have entered into an agreement under which Domtar will acquire all of the outstanding common shares of Resolute stock.

Kornit Digital Ltd. (NASDAQ:KRNT) 24% LOWER; revenues to be in the range of $56.4 million to $59.4 million, net of non-cash warrant impact of approximately $4.6 million.

Rada Electronic Industries Ltd. (NASDAQ:RADA) 12% LOWER; Revenues for the second quarter of 2022 are expected to be approximately $22.5 million, at a similar level to that of the first quarter of this year.

DoorDash (NYSE:DASH8% LOWER; falls after Amazon (NASDAQ:AMZN) entered a Grubhub deal with Just Eat Takeaway.

Rocket Companies Inc. (NYSE:RKT) 6% HIGHER; Wells Fargo upgraded from Equal Weight to Overweight with a price target of $10.00 (from $6.50).

InflaRx N.V. (NASDAQ:IFRX5% HIGHER; announced that the US Food and Drug Administration (FDA) granted a Fast Track designation to the development of its first-in-class anti-C5a monoclonal antibody vilobelimab for the treatment of ulcerative pyoderma gangrenosum (PG). The Company had submitted a request for Fast Track designation to the FDA on the positive outcome data in PG from its Phase IIa open-label dose-escalation study.

RingCentral (NYSE:RNG) 4% LOWER; Needham & Company downgraded from Buy to Hold.

Uber Technologies, Inc. (NYSE:UBER) 3% LOWER; falls after Amazon entered a Grubhub deal with Just Eat Takeaway.

Universal Health Services (NYSE:UHS) 2% LOWER; BMO Capital downgraded from Market Perform to Underperform with a price target of $90.00 (from $133.00).

HCA Holdings (NYSE:HCA) 2% LOWER; BMO Capital downgraded from Market Perform to Underperform with a price target of $160.00 (from $233.00).

Altria Group (NYSE:MO) 1% HIGHER; Gains Tied to Reports FDA Temporarily Suspends Ban on JUUL E-Cigs.

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