Companies Reporting Before The Bell
• Magic Software (NASDAQ:MGIC) is projected to report quarterly earnings at $0.27 per share on revenue of $131.70 million.
With US stock futures trading higher this morning on Thursday ahead of the producer price index for July, some of the stocks that may grab investor focus today are as follows:
Illumina (NASDAQ:ILMN) has outperformed the market over the past 15 years by 8.48% on an annualized basis producing an average annual return of 15.52%. Currently, Illumina has a market capitalization of $33.83 billion.
Illumina (NASDAQ:ILMN) has outperformed the market over the past 10 years by 4.8% on an annualized basis producing an average annual return of 15.31%. Currently, Illumina has a market capitalization of $27.77 billion.
A whale with a lot of money to spend has taken a noticeably bearish stance on Illumina.
Looking at options history for Illumina (NASDAQ:ILMN) we detected 11 strange trades.
Citigroup has decided to maintain its Neutral rating of Illumina (NASDAQ:ILMN) and lower its price target from $325.00 to $220.00.
Shares of Illumina are trading up 0.17% over the last 24 hours, at $202.54 per share.
A move to $220.00 would account for a 8.62% increase from the current share price.