© Reuters. Pre-Open Movers: Tech Stocks Lift After Drubbing, Block Falls on Downgrade
Pre-Open Stock Movers:
ConforMIS, Inc. (NASDAQ:) 13% HIGHER; announced that it has received 510(k) clearance from the U.S. Food and Drug Administration for the Company’s Actera Hip System.
POINT Biopharma Global Inc (NASDAQ:) 11% LOWER; announced that it has commenced an underwritten public offering of its common stock.
Block Inc. (NYSE:) 5% LOWER; Evercore ISI downgraded from Outperform to Underperform with a price target of $55.00 (from $120.00).
SoFi Technologies (NASDAQ:) 4% HIGHER; BofA Securities upgraded from Neutral to Buy with a price target of $9.00 (from $8.00).
Starbucks (NASDAQ:) 3% HIGHER; sees 15-20% adjusted EPS growth in FY23-FY25.
Nikola Corp (NASDAQ:) 3% HIGHER; BTIG upgraded from Neutral to Buy with a price target of $12.00.
CoStar Group (NASDAQ:) 2% LOWER; announced today that in conjunction with the September 2, 2022 announcement by Standard & Poors (S&P) to include CoStar in the , CoStar has commenced a public offering of $750 million of its common stock, representing approximately 9.79 million shares (based on the closing price on September 13, 2022 of $76.64).
Flowserve Corporation (NYSE:) 2% LOWER; said per events are expected to negatively impact reported and adjusted EPS by 18 to 22 cents in the 2022 third quarter.
Akero Therapeutics, Inc. (NASDAQ:) 1% LOWER; commenced an underwritten public offering of $175.0 million of shares of its common stock.
Apple Inc. (NASDAQ:) 1% HIGHER; tech stocks bounce after Tuesday’s sell-off.
Microsoft Corporation (Nasdaq: NASDAQ:) 1% HIGHER; tech stocks bounce after Tuesday’s sell-off.
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