Fly Intel: Pre-market Movers - InvestingChannel

Fly Intel: Pre-market Movers

UP AFTER EARNINGS: Walmart (WMT), up 3%… Cisco (CSCO), up 3%… NetEase (NTES), up 4%. ALSO HIGHER: Intec Pharma (NTEC), up 2% after announcing it has entered into an agreement with Merck (MRK) to explore using the Accordion Pill platform for an undisclosed development program… Sony (SNE), up 2% after announcing it will buy back up to 60M shares under a new repurchase authorization… KB Home (KBH), up 1% after RBC Capital analyst Mike Dahl upgraded the stock to Outperform, saying his analysis signals sequential improvement in pricing dynamics, with “better breadth of base floor plan price increases” and fewer instances of pricing reductions for both plans and spec inventory. DOWN AFTER EARNINGS: Wix.com (WIX), down 5%… Frontline (FRO), down 1%. ALSO LOWER: Lumentum (LITE) is down 5% and NeoPhotonics (NPTN) is down 16% after the Commerce Department added China’s Huawei Technologies to a list of entities engaged in activities that are contrary to U.S. interests, which could restrict sales or transfers of American technology to Huawei by requiring a government license… Evolus (EOLS), down 13% after a 4M share block trade priced at $20.00 per share… Plymouth Industrial REIT (PLYM), down 9% after a 3M share spot secondary priced at $17.50 per share.