Fly Intel: Pre-market Movers
HIGHER: Wright Medical (WMGI), up 31% after Stryker (SYK) announced a definitive agreement to acquire all of the issued and outstanding ordinary shares of the company for $30.75 per share, or a total equity value of approximately $4B and a total enterprise value of approximately $5.4B. UP AFTER EARNINGS: Obsidian Energy (OBE), up 9%... Karyopharm (KPTI), up 12%... Bausch Health (BHC), up 2%... Evolus (EOLS), up 7%. DOWN AFTER EARNINGS: Ceragon Networks (CRNT), down 16%... Trevana (TRVN), down 7%. ALSO LOWER: Under Armour (UAA), down 14% after the Wall Street Journal reported both the Justice Department and the Securities and Exchange Commission are investigating the company's accounting practices. Under Armour also reported Q3 results this morning and cut its FY19 revenue growth guidance... McDonald's (MCD), down 2% after firing CEO Steve Easterbrook following the board's determination that "he violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee"... Aveo Pharmaceuticals (AVEO), down 40% after the FDA said that the company's current interim OS results from the TIVO-3 trial do not abrogate the FDA's concerns over detriment and that those results may worsen with final analysis at 263 events and that the median OS for tivozanib is worse than that of sorafenib... Stryker (SYK), down 3% after announcing the planned acquisition of Wright Medical.