2020-01-28 09:04:19 | Fly Intel: Pre-market MoversHIGHER: Delphi Technologies (DLPH), up 62% after announcing a deal under which BorgWarner (BWA) will acquire the company in an all-stock transaction that values Delphi's enterprise value at approximately $3.3B. BorgWarner shares are down 7% in pre-market trading following the announcement... Acceleron (XLRN), up 50% after announcing its sotatercept trial met its primary and secondary endpoints. UP AFTER EARNINGS: Lockheed Martin (LMT), up 1%... PulteGroup (PHM), up 2%... Autoliv (ALV), up 4%. DOWN AFTER EARNINGS: Pfizer (PFE), down 2%... United Technologies (UTX), down 1%... 3M (MMM), down 2%... McCormick (MKC), down 6%.... Harley-Davidson (HOG), down 6%. ALSO LOWER: Beyond Meat (BYND), down 1% after a judge has ruled Don Lee Farms proved the probable validity of its claim that the company breached a manufacturing agreement. In a separate motion before a different Judge, the court granted Don Lee Farms' request to name Beyond Meat CFO Mark Nelson, senior quality assurance manager Jessica Quetsch and director of operations Anthony Miller in its fraud claims which allege they intentionally doctored and omitted material information from a food safety consultant's report. Additionally, JPMorgan analyst Ken Goldman downgraded Beyond Meat to Neutral from Overweight with a price target of $134, down from $138. | |
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