On The Fly: Pre-market Movers

UP AFTER EARNINGS: Five Below (FIVE), up 18%… Conn’s (CONN), up 23%… Zscaler (ZS), up 16%… Okta (OKTA), up 6%… Vail Resorts (MTN), up 6%. ALSO HIGHER: A.V. Homes (AVHI), up 28% after entering into a definitive agreement pursuant to which Taylor Morrison Home (TMHC) will acquire all of the outstanding shares of AV Homes common stock at $21.50 per share… Pareteum (TEUM), up 5% after reporting an agreement to acquire Artilium in a transaction that values the entire issued and to be issued ordinary share capital of Artilium at approximately $104.7M… Allergan (AGN), up 3% after Bloomberg reported that Carl Icahn has built a small stake in the drugmaker. DOWN AFTER EARNINGS: J.M. Smucker (SJM), down 8%… Thor Industries (THO), down 4%… United Natural Foods (UNFI), down 4%. ALSO LOWER: Proteostasis Therapeutics (PTI), down 27% after the company reported the initial outcome of its 801-01 clinical trial comprising 14 day dosing of PTI-801, a second generator corrector, on top of Vertex’s (VRTX) Orkambi… Axon (AAXN), down 2.5% after the stock was downgraded to Neutral from Overweight at JPMorgan… First Solar (FSLR), down 3% after Goldman Sachs and Vertical Group both downgraded the stock to Sell post yesterday’s close.

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