Fly Intel: Pre-market Movers
HIGHER: Hertz (HTZ), up 2.5% after Carl Icahn boosted his stake in the company to 30.1%... Yelp (YELP), up 2% after after The Wall Street Journal reported on speculation about potential acquisition interest from Groupon (GRPN). The latter is down 3% following the report... Moderna (MRNA), up 2% after announcing data from two Phase 1 studies of its investigational cytomegalovirus vaccine mRNA-1647 and of mRNA-1944 administered via intravenous infusion in healthy adults. UP AFTER EARNINGS: Viavi (VIAV), up 1%... Palatin (PTN), up 4%. DOWN AFTER EARNINGS: Oracle (ORCL), down 2.5%... Tailored Brands (TLRD), down 27%. ALSO LOWER: Tocagen (TOCA), down 81% after announcing that the Toca 5 Phase 3 clinical trial evaluating Toca 511 & Toca FC in patients with recurrent high grade glioma undergoing resection missed the primary endpoint of overall survival compared to standard of care treatment... Baker Hughes (BHGE), down 3% after General Electric (GE) announced the reduction of its ownership in the company through a public offering of 115M shares of Class A common stock of BHGE and a concurrent private sale to BHGE of ownership interests in BHGE. The offering upsized and priced at a price to the public of $21.50 per share.. Universal Display (OLED), down 4% after its shares were downgraded to Negative from Neutral at Susquehanna.