Fly Intel: Pre-market Movers

HIGHER: SodaStream (SODA), up 10% after PepsiCo (PEP) agreed to acquire SodaStream for $144 per share in cash... MiX Telematics (MIXT), up 7% after being upgraded to strong buy from outperform at Raymond James... Nike (NKE), up 2% after Susquehanna analyst Sam Poser upgraded Nike to Positive from Neutral and Piper Jaffray analyst Erinn Murphy upgraded Nike to Overweight from Neutral... Black Box (BBOX), up 17% after announcing that it has entered into a definitive agreement to sell its Federal Government IT Services Business to a private equity firm for a cash purchase price of $75M. LOWER: Lannett (LCI), down 52% after reporting preliminary Q4 earnings... Tesla (TSLA), down 5% after Reuters reported that Saudi Arabia's PIF is in talks to invest in an aspiring Tesla rival and after JPMorgan analyst Ryan Brinkman reduced his price target on the stock back to $195 from $308... Infosys (INFY), down 3% after being downgraded to Equal Weight from Overweight at Morgan Stanley.... Constellation Brands (STZ), down 2% after Susquehanna analyst Pablo Zuanic downgraded the stock to Negative from Neutral.... News Corp. (NWSA) down 3% after Morgan Stanley analyst Andrew McLeod downgraded the stock to Underweight from Equal Weight.