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Pre-market Movers For April 4 (PSDV, SRPT, CPWR, LULU)

Gainers:

pSivida Corp. (PSDV) is surging 19 percent to $2.70. The company announced that it has signed a funded technology evaluation agreement with a global pharmaceutical company to evaluate its proprietary Durasert and Tethadur technologies for select products in ophthalmology.

Sarepta Therapeutics, Inc. (SRPT) is up 3 percent to $35.11.

Decliners:


Compuware Corp. (CPWR) ia falling nearly 4 percent to $11.58 as the company warned that its fourth quarter results would come in way below Wall Street view due to delays in closing a large number of deals. The company also lowered its fiscal year 2013 revenue and earnings outlook.

Lululemon Athletica Inc. (LULU) is down nearly 1 percent to $63.75. The company announced that its Chief Product Officer Sheree Waterson will be leaving effective April 15. Last month, the company recalled its signature black Luon fabric yoga pants and crops from stores, showrooms and online website due to fabric quality issues.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Ciena Corp., a provider of communications networking solutions, on Thursday reported a turnaround to profit in the fourth quarter on higher revenues and lower expenses. However results for the quarter missed analysts' estimates. Looking ahead, the company forecast revenue for the first quarter of fiscal 2017 in line with analysts' expectations. Wearable fitness device maker Fitbit Inc. said it has acquired the assets of struggling smartwatch startup Pebble, including key personnel and intellectual property related to software and firmware development. The acquisition excludes Pebble's hardware products. Financial terms of the deal were not disclosed. Starbucks is teaming up with Pokémon Go, a location based augmented reality game, to turn its stores into PokéStops and Gyms, reports said. Further, the coffee giant reportedly would open Italian bakeries that serve pizza, with the first store expected to open in late 2017.
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