Markets look to start trading on its back foot but shares of Accelerate Diagnostics, Inc. ( NASDAQ: AXDX ) have exploded nearly 25% after entering an agreement with Becton, Dickinson and Company ( BDX ). Also trading in the green are shares of Embecta Corp. ( NASDAQ: EMBC ) as it topped earnings estimates.
Popular EV maker Li Auto Inc. ( NASDAQ: LI ) has declined in the wake of concerns swirling around growth in China and a mixed earnings report. Halozyme Therapeutics ( NASDAQ: HALO ) has dipped lower as well after proposing convertible senior notes.
Gainers
Accelerate Diagnostics, Inc. ( AXDX ) surged 23.2% after Becton, Dickinson and Company ( BDX ) +0.1% signed an agreement to offer AXDX’s rapid testing solution for antibiotic resistance and susceptibility.
Embecta Corp. ( EMBC ) moved up 1.3% in early market trading as the Delaware based firm beat its Q3 GAAP EPS and revenue estimates . EMBC delivered Q3 GAAP EPS of $1.07 which outdid analyst estimates by $0.20. The stock also beat its revenue target by $14.24M, as it reported revenue of $291.1M.
Decliners
The Chinese electric vehicle maker Li Auto Inc. ( LI ) has fallen 5.8% after the stock surpassed Q2 Non-GAAP EPS but missed on revenue . LI reported Q2 Non-GAAP EPS of -$0.02 which topped forecasts by $0.02 while also posting revenue of $1.3B, which missed by $110M.
Halozyme Therapeutics ( HALO ) dipped 2.6% on Monday’s premarket trading session as the biotech firm announced a proposed offering of $500M of convertible senior notes due 2028 . Moreover, the notes are to be offered and sold to "qualified institutional buyers."
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Hot Stocks: AXDX surges nearly 25%, EMBC gains on earnings, LI slides on mixed earnings, HALO also falls