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After-hours movers: Adobe sinks following results, Alector gains on upgrade

AuthorFrank DeMatteo
Published 12/13/2023, 05:35 PM
Updated 12/13/2023, 05:36 PM
© Reuters After-hours movers: Adobe sinks following results, Alector gains on upgrade

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.

Latest comments

Seems they are trying to get Creepy Joe reelected by saying whatever they believe will pump the markets.
Also worth noting Buffet has been selling tens of billions of assets this year, Berkshire has its highest cash holdings compared to any point in the company's history. Even Buffet warning of excess valuations. The P/Es of the market at the moment have not been since since 1999.
They intentionally misreported yesterday that inflation was "down", but MoM figures show an increase of inflation of 0.1% compared to October. Just propaganda from the White House and exit liquidity going into 2024. Rent inflation was a staggering 6% YoY per yesterday's numbers. MoM is a leading indicator, YoY is trailing, that is why you should be concerned that they intentionally buried the MoM inflation increase yesterday to pump the market in December. This is just to manipulation EOY figures before the dump since many companies have equity positions on their balance sheet after all the buy backs this year.
Record levels of fraud in the biggest investment JOKE in history.
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