2016-08-26 09:16:05 | On The Fly: Pre-market MoversHIGHER: Rackspace (RAX), up 4.4% after agreeing to be acquired for $32.00 per share in cash by certain funds managed by affiliates of Apollo Global Management (APO)... PetroQuest (PQ), up 34% after being upgraded to Buy from Accumulate at Johnson Rice and to Buy from Accumulate at Seaport Global... Ocwen (OCN), up 7% after several of its units entered into a Consent Order with the Washington State Department of Financial Institutions. UP AFTER EARNINGS: Autodesk (ADSK), up 4%. LOWER: Herbalife (HLF), down 4.5% after Pershing Square's Bill Ackman, who continues to hold a "very large" net short position in the stock, was interviewed on CNBC regarding The Wall Street Journal report that fellow billionaire investor Carl Icahn was recently in talks to sell his stake in the nutritional supplement maker, confirming many of the details of the Journal's report. DOWN AFTER EARNINGS: GameStop (GME), down 6%... Splunk (SPLK), down 7%... Brocade (BRCD), down 4.4%... Ulta Beauty (ULTA), down 2%. | |
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