Fly Intel: Pre-market Movers - InvestingChannel

Fly Intel: Pre-market Movers

HIGHER: Beyond Meat (BYND), up 4% after McDonald’s (MCD) said it is expanding its pilot of plant-based meat burgers using the company’s patties in 52 restaurants in Canada… Verastem (VSTM), up 14% after announcing a global licensing agreement with Chugai Pharmaceutical whereby the company is obtaining worldwide development and commercialization rights to the RAF/MEK inhibitor CH5126766 currently under development for the treatment of KRAS mutant solid tumors… Macy’s (M), up 4% after the company reported on its November/December same-store sales growth and said its “performance during the holiday season reflected a strong trend improvement from the third quarter”… Ciena (CIEN), up 2% after Morgan Stanley analyst Meta Marshall upgraded shares to Overweight from Equal Weight with a price target of $50, up from $47. UP AFTER EARNINGS: Lennar (LEN), up 3%. DOWN AFTER EARNINGS: Walgreens Boots Alliance (WBA), down 5%… Livent (LTHM), down 10%. LOWER: Boeing (BA), down 1% after reports that a Ukraine International Airlines 737-800 crashed shortly after takeoff from Tehran on Wednesday, killing all 176 passengers and crew members on board… New York Mortgage (NYMT), down 2% after its 30M share spot secondary priced at $6.09… Tenneco (TEN), down 6% after reinforcing its commitment to the planned spin-off of its aftermarket and ride performance business from the remaining powertrain technology business. The company also announced that Brian Kesseler, Tenneco’s co-CEO and a member of the board, will assume the newly consolidated role of CEO of Tenneco… Luckin Coffee (LK) down 3% after filing to sell $400M of convertible senior notes due 2025.