Stansberry Research

U.S. Pre-Market Stock Moves: LRCX, MAT, MX, PLAY, QCOM, TSLA

C. Scott GarlissStansberry NewsWire
Wednesday, June 12th, 2019 at 12:59 PM

Advances:

  • MagnaChip Semiconductor (MX) +24.6%. Raises 2Q revenue outlook.
  • CymaBay Therapeutics (CBAY) +6.1%. Raymond James upgrades.
  • Beyond Meat (BYND) +5.2%. Privately held Tim Hortons adds Beyond Meat products to menu.
  • Mattel (MAT) +4.1%. Rejects merger offer from competitor MGA Entertainment.
  • Tesla (TSLA) +3.4%. CEO Elon Musk says the company may have a record quarter.

Declines:

  • Dave & Buster's Entertainment (PLAY) -17.5%. Lowers full-year revenue and net income forecasts.
  • Trade Desk (TTD) -4.9%. Downgraded from "neutral" to "reduce" at Nomura Instinet.
  • Lam Research (LRCX) -3.6%. Downgraded from "outperform" to "in-line" at Evercore ISI.
  • Medidata Solutions (MDSO) -4%. Dassault Systèmes to acquire MDSO for $92.25/share, a 2.6% discount to last night's close.
  • Qualcomm (QCOM) -2.5%. Federal Trade Commission says antitrust decision against QCOM should not be put on hold while the company appeals the ruling.