Pre-Open Stock Movers:
Adagio (ADGI) 50% HIGHER; ADG20 Met Primary Endpoints Across Pre- and Post-exposure Prophylaxis and Treatment for COVID-19
Chewy (NYSE:CHWY) 14% LOWER; reported Q4 revenue of $2.39 billion, missing the Wall Street consensus of $2.42 billion.
Vir Biotechnology, Inc. (NASDAQ:VIR) 12% HIGHER; will replace Matador Resources (NYSE:MTDR) in the S&P SmallCap 600.
Microvast Holdings, Inc. (MVST) 10% LOWER; posted revenue of $152.0 million in FY 2021, versus $107.5 million last year.
lululemon (LULU) 8% HIGHER; reported Q4 EPS of $3.37, beating the consensus of $3.27. Revenue for the quarter rose 23% to $2.1 billion versus the consensus estimate of $2.13 billion. The company also raised its financial guidance.
RH (NYSE:RH) 7% LOWER; reported fourth-quarter earnings of $5.66, $0.09 better than the analyst estimate of $5.57. Revenue came in a $902.7 million, below the consensus of $931.07 million.
Northwest Natural Holding (NWN) 7% LOWER; priced an offering 2,500,000 shares of its common stock, at a price to the public of $50.00 per share.
Romeo Power, Inc. (RMO) 6% HIGHER; starting shipping the first production pedigree packs to a key customer that manufactures fully electric heavy-duty commercial vehicles.
Geron (NASDAQ:GERN) Corporation (Nasdaq: GERN) 6% LOWER; offering of 53,333,334 shares of its common stock and pre-funded warrants to purchase 18,095,238 shares of its common stock priced at $1.05.
BioNTech SE (NASDAQ:BNTX) (BNTX) 6% HIGHER; announced fourth quarter EPS of EUR12.18. Revenue for the quarter came in at EUR5.53 billion. Estimated BioNTech COVID-19 vaccine revenues for the full 2022 financial year ‚¬13 billion - ‚¬17 billion.
Sportsmans Warehouse (SPWH) 4% LOWER; reported Q4 EPS of $0.49, $0.03 better than the analyst estimate of $0.46. Revenue for the quarter came in at $416.3 million versus the consensus estimate of $407.01 million.
Five Below (NASDAQ:FIVE) (FIVE) 4% LOWER; reported Q4 EPS of $2.49, $0.01 better than the analyst. Revenue for the quarter came in at $996.3 million versus the consensus of $1.01 billion. The company sees FY2022 EPS of $5.19-$5.70, versus the consensus of $5.86. They see FY2022 revenue of $3.16-3.26 billion, versus the consensus of $3.33 billion.
Host Hotels (HST) 3% HIGHER; Jefferies upgraded to Buy with a price target of $25 as management has become active in strategic M&A.
UDR, Inc. (UDR) 3% LOWER; priced an underwritten public offering of 7 million shares for expected gross proceeds of approximately $406 million
Micron Technology (NASDAQ:MU) 2% HIGHER; reported second-quarter earnings per share of $2.14, versus the consensus of $1.97. Revenue was $7.79 billion versus the consensus of $7.53 billion. The company also issued higher-than-expected guidance.
Hess Midstream LP (HESM) 1% LOWER; to offer 7 million shares representing limited partner interests in HESM by a subsidiary of Hess Corporation (NYSE:HES) and an affiliate of Global Infrastructure Partners.