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Pre-Open Stock Movers: O2Micro, Alleghany Higher; Nielsen, Valion Lower

Published 03/21/2022, 09:17 AM
Updated 03/21/2022, 11:51 AM

Pre-Open Stock Movers:

Vallon Pharmaceuticals, Inc. (VLON) 73.3% LOWER; topline results from its pivotal SEAL study evaluating ADAIR did not meet its primary endpoint in the treatment of ADHD.

BitNile Holdings, Inc. (NILE) 54% HIGHER; EV charging subsidiary, TurnOnGreen, entered into a securities purchase agreement with Imperalis Holding Corp. (IMHC), a publicly traded subsidiary of BitNile, whereby TurnOnGreen will, upon closing, become a subsidiary of Imperalis .

Imperial Petroleum Inc. (Nasdaq: IMPP) 41% LOWER; announced today the pricing of an upsized underwritten public offering of 37,500,000 units at a price of $1.60 per unit.

NeuroSense Therapeutics Ltd. (Nasdaq: NRSN) 41% HIGHER; received clearance from the U.S. Food and Drug Administration (FDA) to initiate a pharmacokinetic study of PrimeC in healthy adult subjects. PrimeC is a novel extended-release oral formulation composed of a unique fixed-dose combination of two FDA-approved drugs: ciprofloxacin and celecoxib.

O2Micro® International Limited (OIIM) 31.7% HIGHER; received a preliminary non-binding proposal letter from FNOF Precious Honour Limited, to acquire all of the outstanding shares of the Company ADSs for a purchase price of US$5.50 per ADS, or US$0.11 per ordinary share, in cash.

Anaplan (NYSE:PLAN) 28% HIGHER; Thoma Bravo is acquiring for $10.7 billion, or $66 a share in cash.

Alleghany Corporation (NYSE:Y) 24.9% HIGHER; Warren Buffets Berkshire Hathaway (NYSE:BRKa) (BRK) announced it has agreed to acquire the company for for $11.6 billion, or $848.02 per share in cash.

Vinco Ventures (BBIG) 21.4% HIGHER; gains on no news.

Nielsen Holdings plc (NYSE:NLSN) 17.6% LOWER; announced that its Board has determined not to proceed with an unsolicited acquisition proposal from a private equity consortium that valued the Company at $25.40 per share.

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Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) 7.4% LOWER; announced that, as expected based on previously reported pre-specified interim analysis results, TNX-102 SL (cyclobenzaprine HCl sublingual tablets)1 did not achieve statistical significance on the primary endpoint of reducing fibromyalgia (FM) daily pain at Week 14 compared to placebo (p=0.115) in the Phase 3 RALLY study.

Boeing (NYSE:BA) 4.7% LOWER; A China Eastern Airlines (NYSE:CEA) plane carrying 133 people in southwest China has crashed in the mountains, according to the Civil Aviation Administration of China (CAAC). The accident involved a Boeing (BA) 737 aircraft.

Guess?, Inc. (GES) 4% HIGHER; entered into an accelerated share repurchase agreement to repurchase $175 million of its common stock.

Manchester United (MANU) 3.4% HIGHER; Deutsche Bank (DE:DBKGn) upgraded from Hold to Buy with a price target of $18.00.

Duolingo Inc. (DUOL) 2.7% HIGHER; KeyBanc upgraded from Sector Weight to Overweight with a price target of $112.00.

Coinbase Global , Inc. (NASDAQ:COIN) 2.5% LOWER; Jim Chanos discloses new short.

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