Pre-Open Stock Movers:
Avid Technology Inc. (NASDAQ:AVID) 10% HIGHER; will replace Plantronics Inc (NYSE:POLY) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, September 1.
Gran Tierra Energy Inc (NYSE:GTE) 4% HIGHER; announces that the Toronto Stock Exchange (TSX) has approved its notice of intention to make a normal course issuer bid (the Bid) for its shares of common stock (the Shares). As of August 22, 2022, there were 368,871,685 Shares issued and outstanding and the public float was 360,339,690 shares.
Baidu (NASDAQ:BIDU) 3% HIGHER; reported Q2 EPS of RMB15.79, RMB5.27 better than the analyst estimate of RMB10.52. Revenue for the quarter came in at RMB29.65 billion versus the consensus estimate of RMB29.4 billion.
Gap Inc (NYSE:GPS) 3% HIGHER; Barclays upgraded from Underweight to Equalweight with a price target of $9.00 (from $6.00).
Marathon Digital Holdings Inc (NASDAQ:MARA) 3% HIGHER; Bitcoin moves back above $20K
Nikola Corp (NASDAQ:NKLA) 3% LOWER; entered into a certain Equity Distribution Agreement with Citigroup Global Markets Inc., under which the company may sell shares of its common stock from time to time having an aggregate offering price of up to $400,000,000, with the Sales Agent acting as an agent for sales.
Coinbase (NASDAQ:COIN) 2% HIGHER; Bitcoin moves back above $20K
MicroStrategy Incorporated (NASDAQ:MSTR) 2% HIGHER; Bitcoin moves back above $20K
Riot Blockchain, Inc. (NASDAQ:RIOT) 2% HIGHER; Bitcoin moves back above $20K
Best Buy Co Inc (NYSE:BBY) 1% HIGHER; reported Q2 EPS of $1.54, $0.25 better than the analyst estimate of $1.29. Revenue for the quarter came in at $10.33 billion versus the consensus estimate of $10.29 billion.
Advanced Micro Devices Inc (NASDAQ:AMD) 1% HIGHER; Wall Street positive after the company introduced its Ryzen 7000 series processor lineup.