Morning Market Movers April 17, 2017

We’re back from a three-day weekend, and the markets are slightly up ahead of the open. There’s a lot of geopolitical tensions between the U.S. and North Korea, after North Korea’s failed attempted missile launch on Sunday. Thereafter, U.S. Vice President Mike Pence¬†warned North Korea. However, the markets seem nonreactive to this during the early morning trade. Now, although the markets don’t seem like it’s getting a whole lot of action during the premarket, there are some small-cap stocks that are moving ahead of the open. Here are some morning market movers we’re watching today:

Morning Market Movers

Moneygram International Inc (NASDQ: MGI) shares were up over 8%, after the company announced that Ant Financial, an affiliate of Alibaba, raised its offer to $18. Ant Financial raised its offer by 36%, from $13.25 previously. Consequently, this exceeded Euronet Worldwide’s offer of $15.20 per share. MGI’s board unanimously voted to approve to offer. Here’s a look at MGI’s performance on the daily chart:

Source: TradingView

Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) shares were up slightly ahead of the bell, on light volume. TNXP reported a net loss of $7.5M during the fourth quarter, and it had a net loss per share of $2.08. Now, after adjustments for non-recurring costs, the net loss narrowed to $1.77 per share. For the fiscal year, Tonic Pharmaceuticals reported a net loss of $38.8M, or a net loss of $15.41 per shares. Here’s a look at TNXP’s performance on the daily chart.

Source: TradingView

Himax Technologies Inc (NASDAQ: HIMX) shares were up nearly 3% ahead of the opening bell, after the company was initiated by Macquarie. Macquarie analyst Lynn Luo initiated Himax with an Outperform rating, today. Luo placed a $40 price target, while the company closed below $9 on Thursday. Now, the Macquarie analyst noted that HIMX is currently well-positioned in the 3-D sensing space, and it has the capability in total solutions and components. Take a look at HIMX’s performance on the daily chart here:

Source: TradingView

Shares of HTG Molecular Diagnostics, Inc. NASDAQ: (HTGM) were up over 25% during the premarket, after HTG Molecular Diagnotics and Daiichi Sankyo completed their Master Services agreement. Additionally, HTG Molecular Diagnostics and Centre Leon Berard entered into a molecular profiling research agreement. Centre Leon Bard is a provider of frameworks for molecular profiling studies that are primarily aimed to advance precision medicine. Here’s a look at HTGM, as of the close last Thursday.

Source: TradingView

Laureate Education, Inc (NASDAQ: LAUR) announced its proposal to offer up to $800M worth of principal amount of senior notes, which are expected to be due in 2025, in a private offering. Now, the company plans to use these net proceeds, in addition to a portion of the net proceeds from its IPO and net proceeds from its announced $1.925B senior secured notes, to repay, redeem or repurchase some of its 9.250% senior notes due in 2019, repay its loans under its senior secured credit facilities and/or repay seller notes.

Source: TradingView

The Empire State Manufacturing Survey data was released, and the General Business Conditions Index – Level was 5.2, while the consensus was looking for 15.0. The Housing Market Index is expected to be released at 10:00 AM ET, and the consensus estimate is 70. Moreover, the Treasury International Capital is expected to be released at 4:00 PM ET, the previous foreign demand for long-term U.S. securities was only $6.3B.


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