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Best Buy (BBY) Is Losing Ground After Providing Long Term Guidance

Best Buy (BBY) announced Tuesday morning that it projects enterprise revenue of $43 billion in fiscal 2021, versus $39.4 billion in fiscal 2017. It anticipates non-GAAP operating income of $1.9 billion to $2.0 billion versus $1.7 billion in fiscal 2017.

Synchronoss Technologies Inc. (SNCR) Is Sinking In Early Trade

Synchronoss Technologies Inc. (SNCR) announced Tuesday morning that it remains in active discussions with Siris Capital Group and other interested parties regarding a range of potential strategic transactions.

Adamas Pharmaceuticals Inc. (ADMS) Has Broken Out To A New High For The Year

Adamas Pharmaceuticals Inc. (ADMS) gapped open sharply higher Tuesday morning and has continued to rise in early trade. Shares are now up 2.06 at $23.18 on above average volume.

Kohl's Corp. (KSS) Is Rising After Announcing It Will Accept Amazon Returns

Kohl's Corp. (KSS) announced Tuesday morning that it will offer free returns of Amazon products at 82 stores across Los Angeles and Chicago starting in October.

Acuity Brands Inc. (AYI) Is Testing The Lows Of The Year

Acuity Brands Inc. (AYI) gapped open lower Tuesday and has dropped further in early trade. Shares are now down 9.93 at $157.91.

Michael Kors Holdings (KORS) Has Risen To A 9-Month High After Upgrade

Oppenheimer upgraded its rating on shares of Michael Kors Holdings (KORS) Tuesday morning to "Outperform" and increased its price target on the stock to $55 per share.

Clovis Oncology Inc. (CLVS) Has Broken Out Of Today's Range

Clovis Oncology Inc. (CLVS) has been trading in a range since the open Monday, but has broken out higher in the last few minutes on increased volume. The stock is now up 4.17 at $73.63.

Ubiquiti Networks (UBNT) Has Dropped To Nearly A 3-Month Low

Ubiquiti Networks (UBNT) has been losing ground since the open of trade Monday and is now down 5.30 at $49.65. Trading volume has begun to accelerate in the last few minutes.
 
 
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