On The Fly: Pre-market Movers - InvestingChannel

On The Fly: Pre-market Movers

HIGHER: 21st Century Fox (FOXA), up 2.5% after Reuters reported that Comcast (CMCSA) is talking to investment banks about getting bridge financing for an all-cash bid to displace Disney (DIS) on its $52B deal to purchase most of Fox’s assets. According to the report, Comcast only plans to proceed with a bid for Fox if a federal judge allows AT&T’s (T) planned acquisition of Time Warner (TWX) to proceed… Xcerra (XCRA), up 5% after agreeing to be acquired by Cohu (COHU) for a combination of cash and stock that values Xcerra at $13.92 per share. UP AFTER EARNINGS: Impinj (PI), up 18.5%… Valeant (VRX), up 8.5%… Crocs (CROX), up 7.5%… Mallinckrodt (MNK), up 7.5%… Dean Foods (DF), up 5%. DOWN AFTER EARNINGS: Nevro (NVRO), down 17%… Hertz (HTZ), down 8%… Zillow (ZG), down 9%… JD.com (JD), down 2.5%… Dish Network (DISH), down 1%. ALSO LOWER: Akcea Therapeutics (AKCA) and its controlling holder Ionis Pharmaceuticals (IONS) are moving lower after an FDA panel posted its briefing document ahead of Thursday’s meeting to discuss Akcea’s volanesorsen. Akcea shares are down 10% while Ionis shares are down 9.5% following the posting of the document to the FDA site.

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