Market Movers Today: Pure Storage Inc (PSTG), Lam Research Corporation (LRCX), Juno Therapeutics (JUNO), and More

Page 2 of 2

Qualcomm, Inc. (NASDAQ:QCOM) (InvestorPlace)
The stock market is again moving broadly higher after a long weekend, but one of the biggest winners after the extended break is chip-maker Qualcomm, Inc. (NASDAQ:QCOM). Qualcomm stock is up nearly 4% after a big upgrade from research firm Nomura. Analysts at Nomura believe the takeover attempt from Broadcom Ltd (NASDAQ:AVGO), which has shot shares materially higher recently, is “a gun to the head” for Qualcomm management

Juno Therapeutics Inc (NASDAQ:JUNO) (The Motley Fool)
Shares of Juno Therapeutics (NASDAQ:JUNO), a clinical-stage adoptive cell therapy company, rose by 55.4% in premarket trading Wednesday. Driving the monstrous surge was the news that its development partner, Celgene Corp. (NASDAQ:CELG), is reportedly preparing a buyout offer. While Celgene’s shares were down by 1.8% before the opening bell on the back of the buyout rumor, it’s having a positive impact on the stock prices of other adoptive cell therapy companies.

Neurometrix Inc (NASDAQ:NURO) (Benzinga)
Neurometrix Inc (NASDAQ:NURO) climbed 37.2 percent to $2.36. NeuroMetrix and GlaxoSmithKline Consumer Healthcare reported a strategic collaboration for the development and expansion of access to Quell Wearable Pain Relief Technology.

General Electric Company (NYSE:GE) (MorningStar.com)
General Electric Co.(GE) slumped 4.4%, building on a steep loss seen in Tuesday’s session that came after the industrial conglomerate announced a fourth quarter after-tax charge of $6.2 billion (http://www.marketwatch.com/story/ge-shocks-market-with-multibillion-dollar-loss-in-legacy-reinsurance-business-2018-01-16) and a $3 billion cash capital contribution to its insurance subsidiary that will grow to $15 billion by 2024.

A10 Networks Inc (NYSE:ATEN) (Benzinga)
A10 Networks Inc (NYSE:ATEN) shares dropped 16.8 percent to $6.08 after the company narrowed fourth quarter sales outlook from 1 cents-7 cents to 5 cents-6 cents.






Page 2 of 2