Pre-Open Inventory Movers:

Amylyx Prescription drugs, Inc. (Nasdaq: AMLX) 75% HIGHER; introduced at the moment that the U.S. Meals and Drug Administrations (FDA) Peripheral and Central Nervous System Medicine Advisory Committee (PCNSDAC) voted (7 sure votes and a pair of no votes) that the out there proof of effectiveness is adequate to help approval of AMX0035 (sodium phenylbutyrate and taurursodiol [also known as ursodoxicoltaurine]) for the remedy of amyotrophic lateral sclerosis (ALS).

Asana, Inc. (ASAN) 23% HIGHER; reported Q2 EPS of ($0.34), $0.05 higher than the analyst estimate of ($0.39). Income for the quarter got here in at $134.9 million versus the consensus estimate of $127.27 million. Asana, Inc. sees Q3 2023 EPS of ($0.33)-($0.32), versus the consensus of ($0.32). Asana, Inc. sees Q3 2023 income of $138.5-139.5 million, versus the consensus of $137.6 million. As well as, CEO Dustin Moskovitz purchased $350 million in inventory in a personal placement.

American Eagle Outfitters (NYSE:) 14% LOWER; reported Q3 EPS of $0.04, $0.10 worse than the analyst estimate of $0.14. Income for the quarter got here in at $1.2 billion versus the consensus estimate of $1.2 billion. Pausing quarterly money dividend to offer extra monetary flexibility.

Torrid Holdings Inc. (CURV) 12% LOWER; reported Q2 EPS of $0.22, $0.02 worse than the analyst estimate of $0.24. Income for the quarter got here in at $340.9 million versus the consensus estimate of $340.77 million. Torrid Holdings Inc. sees Q3 2022 income of $290-305 million, versus the consensus of $306.8 million. Torrid Holdings Inc. sees FY2022 income of $1.26-1.3 billion, versus the consensus of $1.31 billion.

GameStop (NYSE:) 11% HIGHER; GameStop (GME) reported Q2 EPS of ($0.36), $0.06 higher than the analyst estimate of ($0.42). Income for the quarter got here in at $1.14 billion versus the consensus estimate of $1.27 billion. Additionally, introduced that it has entered right into a partnership with FTX US.

Rivian Automotive, Inc. (RIVN) 10% HIGHER; Mercedes‑Benz Vans, full vary supplier of electrical non-public and business vans, and electrical automobile producer Rivian, have at the moment introduced the signing of a Memorandum of Understanding to provoke a strategic partnership. The partnership will allow the businesses to cooperate on the manufacturing of electrical vans.

Grid Dynamics Holdings, Inc. (NASDAQ:) 8% LOWER; introduced the pricing of an underwritten public providing of 5,714,286 shares of its widespread inventory at a value to the general public of $17.50 per share

Wayfair Inc . (NYSE:) 7% LOWER; intends to supply $600 million combination principal quantity of convertible senior notes due 2027 (the notes) in a personal providing (the providing) to certified institutional patrons.

McCormick & Firm, Included (NYSE:) 4% LOWER; warns for Q3, sees EPS of $0.65 versus the consensus of $0.83. Gross sales are anticipated to extend by roughly 3%.

Franklin Sources (NYSE:) 2% LOWER; BofA Securities downgraded from Impartial to Underperform with a value goal of $25.00 (from $28.00).

Moderna (NASDAQ:) 1% HIGHER; Deutsche Financial institution upgraded from to Purchase with a value goal of $165.00 (from $155.00).

AMD (AMD) 1% HIGHER; Stifel initiates protection on with a Purchase ranking and a value goal of $122.00.