Fly Intel: Pre-market Movers
HIGHER: Belmod (BEL), up 40% after announcing LVMH Moet Hennessy Louis Vuitton (LVMUY) will acquire the company for $25.00 per Class A share in cash... iKang Healthcare (KANG), up 11% after extending take-private deal termination date... XPO Logistics (XPO), up 8% after saying report from short selling firm was "intentionally misleading" and announcing $1B share repurchase program. DOWN AFTER EARNINGS: Adobe (ADBE), down 3%... Costco (COST), down 4%. LOWER: Starbucks (SBUX), down 4% after lowering its long-term EPS growth guidance to 10% from 12%... Idera Pharmaceuticals (IDRA), down 11% after presenting data from Phase 2 expansion of ILUMMINATE-204 trial... Shopify (SHOP), down 8% after its 2.6M share spot secondary priced at $154.00 per share... Coeur Mining (CDE), down 3% after announcing CFO Peter Mitchell's retirement... AMD (AMD) and Nvidia (NVDA), both down 1% after Mizuho analyst Vijay Rakesh lowered his price targets. The analyst, who keeps Buy rating on both stocks, is taking an updated look at graphics processing unit trends post his November 28 note highlighting the first pricing stabilization and rebound since the peak of the crypto-related bubble earlier this year.