| 2019-06-25 09:07:30|
AGN, ABBV… 09:07 06/25 06/25/19
Fly Intel: Pre-market Movers
HIGHER: Allergan (AGN), up 31% after entering into a definitive transaction agreement under which AbbVie (ABBV) will acquire the company in a cash and stock transaction for an equity value of approximately $63B... Pyxus (PYX), up 15% after Imperial Capital analyst Mary Ross Gilbert initiated the stock with an Outperform rating and $71 price target, citing her view of the potential of the company to be a fast growing franchise for years given its combination of cultivation, extraction and e-liquids capabilities... ArQule (ARQL), up 3% after its 9.25M share spot secondary priced at $9.75 per share. UP AFTER EARNINGS: Lennar (LEN), up 4%. LOWER: AbbVie, down 10% after announcing its $63B cash and stock deal to acquire Allergan... Brighthouse Financial (BHF), down 9% after Credit Suisse analyst Andrew Kligerman downgraded shares to Underperform and Goldman Sachs analyst Alex Scott downgraded the stock to Sell... Pivotal Software (PVTL), down 3% after BofA/Merrill Lynch analyst Nikolay Beliov downgraded the stock to Underperform... Sally Beauty (SBH), down another 3% after yesterday's announcement of the launch of Amazon's (AMZN) professional beauty store... Aldeyra (ALDX), down 24% after reporting statistical significance was not achieved for endpoints in its SOLACE trial.