2016-12-09 09:09:34 | On The Fly: Pre-market MoversHIGHER: Stillwater Mining (SWC), up 19% after agreeing to be acquired by Sibanye Gold (SBGL) for $18 per share in cash, representing an aggregate enterprise value of $2.2B. Sibanye shares are down 15% following the announcement... Coca-Cola (KO), up about 1% after announcing that COO James Quincey will succeed Muhtar Kent as CEO, effective May 1, 2017... Casino operators Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL) are all rebounding in pre-market trading after Macau's government clarified on changes it is making to ATM withdrawal policies in the region, refuting a report from yesterday that it will impose daily cash withdrawal limits for mainland China-issued ATM cards... Biogen (BIIB), up 5% after presenting new data from a Phase 1b study of aducanumab, its investigational treatment for early Alzheimer's disease, at a physician's meeting. UP AFTER EARNINGS: Finisar (FNSR), up 7.8%... Broadcom (AVGO), up 6%. DOWN AFTER EARNINGS: Xactly (XTLY), down 23%... Restoration Hardware (RH), down 17%... Duluth Holdings (DLTH), down 17.7%... DAVIDsTEA (DTEA), down 13%. ALSO LOWER: MicroVision (MVIS), down 25% after announcing plans for an offering of common stock. | |
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