Fly Intel: Pre-market Movers

HIGHER: Endocyte (ECYT), up 50% after announcing that it has entered into an agreement to be acquired by Novartis (NVS) for $24 per share... Acorda Therapeutics (ACOR), up 7% after stating that the FDA's pre-approval inspections at its plants "successfully closed". UP AFTER EARNINGS: Phillip Morris (PM), up 2.5%... Alcoa (AA), up 4%... Ericsson (ERIC), up 3%. DOWN AFTER EARNINGS: SAP (SAP), down 4%... Textron (TXT), down 10%... Sealed Air (SEE), down 11%... United Rentals (URI), down 5%. ALSO LOWER: Aclaris Therapeutics (ACRS), down 8% after a 8.645M share spot secondary offering priced at $10.75... Analog Devices (ADI) and Maxim Integrated (MXIM), down 2% and 3%, respectively after Goldman Sachs analyst Toshiya Hari downgraded both stocks to Sell from Neutral.