2019-06-12 09:02:25 | Fly Intel: Pre-market MoversHIGHER: Mattel (MAT), up 6% after LA Times reported the company rejected another unsolicited offer by MGA Entertainment... Tesla (TSLA), up 3% after its annual shareholder meeting... CymaBay (CBAY), up 8% after Raymond James analyst Steven Seedhouse upgraded the stock to Strong Buy from Outperform citing the upside potential he sees following yesterday's pullback in the stock... MagnaChip (MX), up 22% after after raising Q2 revenue guidance... Synlogic (SYBX), up 22% after announcing a platform collaboration to accelerate expansion and development of its pipeline of synthetic biotic medicines using Ginkgo's Bioworks cell programming platform. DOWN AFTER EARNINGS: Dave & Buster's (PLAY), down 17%. ALSO LOWER: Trade Desk (TTD), down 5% after Nomura Instinet analyst Mark Kelley downgraded shares to Reduce from Neutral with an unchanged price target of $144. The company's underlying business fundamentals, "while relatively solid, are out of sync with near- to medium-term investor expectations and the story being told," Kelley tells investors... Medidata (MDSO), down 4% after announcing the signing of a definitive agreement for Dassault (DASTY) to acquire the company in an all-cash transaction at a price of $ 92.25 per share, representing an enterprise value of $5.8B... Lam Research (LRCX), down 3% after Evercore ISI analyst C.J. Muse downgraded the stock to In Line from Outperform and lowered his price target for the shares to $195 from $225. An estimate reset in the second half of 2019, combined with a pushout of a memory recovery to the second half of 2020 from the first half, creates headwinds that will make it difficult for the shares to move higher over the near-term, Muse said. | |
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