Pre-Open Stock Movers:
Conformis, Inc. (CFMS) 13% HIGHER; announced that it has received 510(k) clearance from the U.S. Food and Drug Administration for the Companys Actera Hip System.
POINT Biopharma Global Inc. (PNT) 11% LOWER; announced that it has commenced an underwritten public offering of its common stock.
Block Inc. (SQ) 5% LOWER; Evercore ISI downgraded from Outperform to Underperform with a price target of $55.00 (from $120.00).
SoFi Technologies (SOFI) 4% HIGHER; BofA Securities upgraded from Neutral to Buy with a price target of $9.00 (from $8.00).
Starbucks (NASDAQ:) 3% HIGHER; sees 15-20% adjusted EPS growth in FY23-FY25
Nikola Corp. (NKLA) 3% HIGHER; BTIG upgraded from Neutral to Buy with a price target of $12.00.
CoStar Group (NASDAQ:), Inc. (CSGP) 2% LOWER; announced today that in conjunction with the September 2, 2022 announcement by Standard & Poors (S&P) to include CoStar in the S&P 500 index, CoStar has commenced a public offering of $750 million of its common stock, representing approximately 9.79 million shares (based on the closing price on September 13, 2022 of $76.64)
Flowserve Corporation (NYSE:) 2% LOWER; said per events are expected to negatively impact our reported and adjusted EPS by 18 to 22 cents in the 2022 third quarter.
Akero Therapeutics, Inc. (Nasdaq: NASDAQ:) 1% LOWER; commenced an underwritten public offering of $175.0 million of shares of its common stock.
Apple Inc. (Nasdaq: NASDAQ:) 1% HIGHER; tech stocks bounce after Tuesday’s sell-off
Microsoft Corporation (Nasdaq: NASDAQ:) 1% HIGHER; tech stocks bounce after Tuesday’s sell-off