HIGHER: CRISPR Therapeutics (CRSP) up 15.7% after FDA announced a lift of its hold on CTX001... K2M Group Holdings (KTWO) up 4.5% after FDA cleared its Mesa technology platform... Sage Therapeutics (SAGE) up 2.2% after being initiated with Outperform at Oppenheimer... US Foods (USFD) up 0.9% after being awarded a $453M DoD contract... Venator Materials (VNTR) up 0.9% after Point72 reported a 5.5% stake... Canadian Solar (CSIQ) up 0.8% after Lion Point raised its stake... Celestica (CLS) up 0.7% after being upgraded at Macquarie... Zumiez (ZUMZ) up 0.5% after September SSS data... Murphy Oil (MUR) up 0.4% after announcing deep water deal with Petrobras in Gulf of Mexico. DOWN AFTER EARNINGS: VOXX (VOXX) down 5.7%. ALSO LOWER: Fluor (FLR) down 13.7% after below-consensus Q3 revenue guidance... ENDRA Life Sciences (NDRA) down 9.8% after filing common stock offering... Square (SQ) down 9.0% after resignation of CFO... SeaSpine Holding (SPNE) down 5.3% after equity offering... Costco (COST) down 0.8% after September SSS.
Pre-earnings options volume in VOXX is 14.3x normal with puts leading calls 7:5. Implied volatility suggests the market is anticipating a move near 23.4%, or $1.34, after results are released. Median move over the past eight quarters is 13.9%.
VOXX Automotive and UniKey Technologies announced a strategic partnership that will see the two companies bring secure, keyless products, and vehicle access solutions to the automotive market. VOXX Automotive is a business unit of VOXX International. A contract awarded to VOXX Automotive by an electric vehicle maker has the two companies already working on a keyless solution for an EV model to be delivered in 2019. Looking ahead, this partnership is expected to yield family key-sharing and car-sharing services as well as similar uses by car rental firms and auto fleet operators.
VOXX is now HIPAA compliant. The Health Insurance Portability and Accountability Act is a federal law that provides data privacy and security provisions for safeguarding medical information and other personal health information. VOXX's move to become HIPAA complaint enables the company to integrate with HIPAA-covered organizations the company does business with, while expanding opportunities with other HIPAA-covered organizations.