Stocks in focus in pre-market trade Monday:
• PepsiCo (PEP) stock jumped 3.84% by 8:31 AM ET (12:31 GMT) after reporting second quarter core earnings per share of $1.61, topping consensus of $1.53.
• eBay (EBAY) stock fell 1.39% after SunTrust analysts downgraded the stock to hold from buy, citing concerns over recent rulings on e-commerce tax collection.
• OncoCyte (OCX) stock skyrocketed 52.46% after the biotech company said a lung cancer diagnostic blood test produced “encouraging results” and that “the clinical performance of the test may be better than was previously expected.”
• Celgene (CELG) stock gained 1.49% after announcing positive results in a Phase III trial for the treatment of breast cancer that “significantly reduced the risk of disease worsening or death.”
• Cactus (WHD) stock sank 4.72% after announcing it has commenced an underwritten public offering of 10 million shares of its Class A common stock.
