On The Fly: Pre-market Movers - InvestingChannel

On The Fly: Pre-market Movers

HIGHER: Babcock & Wilcox (BW), up 17.5% after Steel Holdings disclosed it is prepared to acquire all shares of the company it does not currently own for a price in the range of $3.00-$3.50 per share in cash… AcelRx Pharmaceuticals (ACRX), up 13% after announcing the acceptance of its New Drug Application resubmission for DSUVIA by the FDA… Idera Pharmaceuticals (IDRA), up 5% after reporting a clinical trial collaboration and supply agreement with Bristol-Myers Squibb (BMY) to clinically evaluate the combination of the company’s TLR-9 agonist IMO-2125 with BMS’s therapy Yervoy. UP AFTER EARNINGS: Williams-Sonoma (WSM), up 11%. DOWN AFTER EARNINGS: Best Buy (BBY), down 5%… NetApp (NTAP), down 4.5%… L Brands (LB), down 6%. ALSO LOWER: Petrobras (PBR), down 11% after announcing diesel price cuts at its refineries and following media reports of regulator scrutiny of its gas operations… Karyopharm (KPTI), down 3% after the stock was downgraded to Neutral from Outperform at Wedbush… Recro Pharma (REPH), down 50% after receiving a Complete Response Letter from the FDA regarding the New Drug Application for IV meloxicam.

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