Fly Intel: Pre-market Movers
HIGHER: Overstock.com (OSTK), up 22% after announcing GSR Capital, a Hong Kong based private equity firm, will invest up to $374.55M in exchange for common equity in blockchain subsidiary tZERO and common equity in Overstock.com. UP AFTER EARNINGS: The Trade Desk (TTD), up 22%... Universal Display (OLED), up 10%... Applied Industrial Technologies (AIT), up 6%... Airgain (AIRG), up 14%. DOWN AFTER EARNINGS: Corcept Therapeutics (CORT), down 16%... Microchip (MCHP), down 8%. ALSO LOWER: Dropbox (DBX), down 8% after earnings report and announcement that Dennis Woodside is stepping down as COO... Intel (INTC), down 3% after Goldman Sachs analyst Toshiya Hari downgraded the stock to Sell from Neutral and lowered his price target for the shares to $44 from $49. Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook... PBF Energy (PBF), down 5% after offering of 6M shares of Class A common stock.