Among the companies with shares expected to trade actively in Thursday's session are Intra-Cellular Therapies Inc. (ITCI), Chesapeake Energy Corp. (CHK), and Genocea Biosciences Inc. (GNCA).

 

Intra-Cellular Therapies' lead drug candidate had a similar rate of effectiveness to placebo in a Phase 3 schizophrenia trial, the company said Wednesday. Shares of the company sank 63% to $15.70 in premarket trading.

 

Chesapeake Energy declined 3.7% to $6.49 after announced a private placement of $850 million in convertible notes. Chesapeake also confirmed it had received subpoenas from the Department of Justice and the U.S. Postal Service.

 

Genocea Biosciences said its investigational immunotherapy for genital herpes met its primary endpoint in a phase 2B trial, showing statistically significant efficacy in treating the disease and affirming results of an earlier study. Shares rose 14% to $6.50 premarket.

 

PepsiCo Inc. (PEP) raised its earnings forecast for the year as the snack-and-beverage giant reported a surprise increase in core profit, boosted by lower raw-material costs, despite sliding revenue. Shares were up 2.6% at $110.21 premarket.

 

Pier 1 Imports Inc. (PIR), under recent pressure from an activist investor, on Wednesday cut its financial projections for the year a reported it swung to a quarterly loss driven by a 6.7% revenue decline. The loss was the quarter, however, was smaller than expected. Shares rose 8.9% to $4.65 premarket.

 

Activist investor Carl Icahn has slashed his holdings in Swiss offshore drilling company Transocean Ltd. (RIG) by about three-quarters to a 1.5% stake. The move was made "to recognize a capital loss for tax planning purposes, " according to a regulatory filing. Shares of the drilling company slipped 0.6% to $9.96 premarket.

 

Accenture PLC (ACN) reported profit shot up 45% in the most recent quarter as revenue continues to grow across the consultancy's segments.

 

Sumner Redstone's National Amusements Inc. on Thursday publicly called for the boards of the companies it controls--Viacom Inc. (VIA, VIAB) and CBS Corp. (CBS, CBSA)--to explore a reunion of the media giants, arguing that a combined company could better tackle shifting consumer trends.

 

ConAgra Foods Inc. (CAG) on Thursday reported revenue declines across the company's units as it works to spin off its frozen potato and focus its business on higher-quality, higher-priced products.

 

McDonald's Corp. (MCD) on Thursday said it raised its quarterly dividend 6% as the fast-food giant moves through its turnaround plan.

 

Philip Morris International Inc. (PM) raised its profit forecast for the year, citing currency exchange rates.

 

Write to Jenny Roth at jenny.roth@wsj.com and Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

September 29, 2016 09:36 ET (13:36 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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