Tuesday Morning Pre-Market Insights: Advanced Micro Devices, Inc. (AMD), BlackBerry Ltd (BBRY), Lululemon Athletica inc. (LULU), Aoxing Pharmaceutical Company Inc (AXN)
Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are up 2.60% in pre-market trading to $2.37 after pricing for the semiconductor company’s entire Radeon 300 series was leaked. Allegedly, the least expensive R7 360 2GB will retail for $107 and the most expensive R9 390X 8GB will retail for $389. The average 12-month price target between the ten top analysts recommending AMD on TipRanks is $2.84, marking a 23% upside from where the stock is currently trading.
BlackBerry Ltd (NASDAQ:BBRY) shares fell -3.36% to $9.20 in pre-market trading after several Wall Street banks and financial institutions announced that they will be dropping BlackBerry contracts. Corporate contracts are a sizeable and reputable part of BlackBerry’s business, and many fear that recent contract cancellations will have a significant impact on sales.
Lululemon Athletica inc. (NASDAQ:LULU) shares increased 3.06% in pre-market trading to $63.40 after the athletic apparel retailer posted 1Q15 earnings. The company posted quarterly net revenue of $423.5 million, marking a 10% year-over-year increase. The company also provided an updated outlook, expecting to post 2Q15 net revenue between $440 million and $445 million with diluted EPS between $0.31 and $0.33. Out of the ten top analysts polled by TipRanks, the average 12-month price target is $67.75, marking a 10% upside from where the stock is currently being traded.
Aoxing Pharmaceutical Company Inc (NYSEMKT:AXN) shares soared 18.71% to $3.30 in pre-market trading after the pharmaceutical company announced that they have received subsidiary licenses from the China FDA to produce Tilidine Hydrochloride tablets. Aoxing is incorporated in the U.S. but has its operations in China. AXN specializes in narcotics and pain killing therapies.