On The Fly: Pre-market Movers - InvestingChannel

On The Fly: Pre-market Movers

HIGHER: Sucampo Pharmaceutical (SCMP), up 5% after Mallinckrodt (MNK) announced a deal to acquire the company for $18.00 per share in a transaction with a value of approximately $1.2B. Mallinckrodt is up fractionally following Sucampo deal announcement… Organovo (ONVO), up 12% after the FDA granted orphan drug designation for the company’s treatment of alpha-1 antitrypsin deficiency with its 3D bioprinted liver therapeutic tissue. LOWER: Apple (AAPL), down 2.7% after a Taiwanese newspaper report said the tech giant is trimming its first-quarter sales forecast, as highlighted by Bloomberg. Some notable Apple suppliers that are down following Bloomberg’s report of weaker iPhone forecasts include Skyworks (SWKS), Cirrus Logic (CRUS), Broadcom (AVGO), Qorvo (QRVO), Finisar (FNSR) and Lumentum (LITE).