Market Movers, August.09

6:43am, Dow futures 26,216, down 149 points. Volume: 45,922

VRAY down 47% in the premarket after missing on estimates by 9 cents and lowering guidance. They don’t tell you what the prior guidance was in the press release, so we had to track it down.

 ‘8-K’ for 5/2/19

7:08am, oil is up 1.39%

7:09am, PYX down 14% on 2,150 shares traded after reporting disappointing operating results

7:09am, AMRN is down 20% on 92,394 in trading volume after the FDA delayed it’s meeting scheduled in September for the Vascepa NDA. Read more

7:13am, UBER is down 7.4% on 94,980 shares traded after reporting disappointing quarterly results. Read more

7:16am, RKDA is up 36% on 138,577 shares traded after Bioceres’ Verdeca JV gets USDA approval of HB4 trait soybeans, reports

7:21am, Nektar Therapeutics is down 30% on 91,846 shares traded after announcing disappointing operating results, Read more

 7:28am, RVLV is down 12% on 6,297 shares traded after missing analyst estimates, reports first loss in it’s first earnings report follow their IPO. Read more

Citron Research was surprisingly bullish on this IPO, which says a lot because they mostly specialize in bashing companies. Might be a nice contrarian play. The market is scared right now, so if the uptrend reaffirms itself, it might be something to look into

7:45am, YELP is up 5.8% on 4,469 shares after beating analyst expectations by 4 cents

7:36am, HEAR is down 13% on 2,595 shares traded after reporting disappointing earnings, misses analyst expectations

8:32am, DXC is down 23% on 158,762 shares traded after significantly missing on analyst expectations. Reported EPS of $0.61 vs the $1.71 mean analyst projection. Click the image for the full report

Biotechnology Value Fund LP reported adding to their position in CRVS on August. 07 after market close

SC 13G/A’ on 2/14/19

‘SC 13G/A’ on 8/7/19

Director Peter Thompson also added to his position on August.08

“Corvus Pharmaceuticals to Present at the 2019 Wedbush Healthcare Conference”, Globenewswire

“10-year Treasury yield dips back under 1.7% amid global growth fears, tepid inflation”, CNBC reports

9:49am, Dow sitting at 26,306.67, down 66 points, on 16,033,988 in trading volume

9:53am, Dow down 99 points

QuinStreet significantly misses on earnings. Reports EPS of 0.06 per share vs the 0.20 mean estimate. As of 10:08am it is down 26% on 1,125,078 shares traded. Click the image for the full report

10:10am, Propetro Holding Corp is down 21.8% on 2,873,632 in trading volume after delaying their quarterly report. They reported preliminary results today

 11:58am, Dow is down 273 points on 84,515,175 in trading volume

12:01am, Truecar down 32% on 2,946,212 shares traded after reporting a net loss of $(0.23) per share.

12:19pm, Vivint Solar is down 20% on 2,472,594 shares traded after reporting a net loss of 24 cents per share. Analysts expected a gain of 16 cents

Conduent (NYSE:CNDT) is down 30% on 5,159,887 shares traded as of 12:43pm. Motley Fool did a nice write up on what happened today. Link

 OceanFirst Financial Corp. buys  OceanFirst Financial Corp. buys Two River Bancorp for $20.79 per shares. Read more

12:53pm, InnerWorkings Inc is up 40% on 982,940 shares traded after reporting second quarter earnings. Raises EBITDA guidance

 2:20pm, Dow down only 60 points now on 139,490,029 in trading volume

3:47pm, Dow turns positive, up 6 points on 177,496,013 in volume

4:02pm, Dow down 90 points

Stay tuned for updates!

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