Market Movers: Anavex Life Sciences Corp. (NASDAQ:AVXL), Energy Transfer Equity, L.P. (NYSE:ETE), FMC Corp. (NYSE:FMC), Pacific Continental Corp. (NASDAQ:PCBK),

Anavex Life Sciences Corp., (NASDAQ:AVXL) announced the presentation of preclinical data for one of its lead drug candidates, ANAVEX2-73, as a multiple sclerosis (MS) treatment. The preclinical study’s lead investigator, Dr. Robert Lisak, will present a poster on the study’s results at the Americas Committee for Treatment and Research in Multiple Sclerosis (ACTRIMS) Forum 2016. The poster, “Sigma-1 Receptor Agonists Inhibit Oligodendrocyte Cytotoxicity Induced by Molecules Involved in Cell Damage in Multiple Sclerosis,” will be presented on Friday, Feb. 19, by Dr. Lisak, an MD and professor of neurology at Wayne State University School of Medicine, Michigan.

Anavex Life Sciences Corp. (NASDAQ:AVXL) belongs to Healthcare sector. Its weekly performance is 3.53%. On last trading day company shares ended up at $4.40.

Energy Transfer Equity, L.P. (NYSE:ETE) reported financial results for the fourth quarter ended December 31, 2015. Distributable Cash Flow, as adjusted, was $343 million for the three months ended December 31, 2015 as compared to $243 million for the same period last year, an increase of $100 million. Distributable Cash Flow, as adjusted, per unit was $0.32 for the three months ended December 31, 2015, an increase of 45% compared to the three months ended December 31, 2014.

Energy Transfer Equity, L.P. (NYSE:ETE) shares fell -5.16% in last trading session and ended the day at $6.80. ETE Gross Margin is 17.20% and its return on assets is 1.50%. Energy Transfer Equity, L.P. (NYSE:ETE) quarterly performance is -62.89%.

FMC Corporation (NYSE:FMC) announced that its 2016 Annual Meeting of Stockholders will be held on Tuesday, April 26, 2016, at 2 p.m. ET at the Top of the Tower, 1717 Arch Street, 50th Floor, Philadelphia, PA, 19103.

On 25 February, FMC Corp. (NYSE:FMC) shares increased 1.05% and was closed at $37.38. FMC EPS growth in last 5 year was -24.60%. FMC Corp. (NYSE:FMC) year to date (YTD) performance is -4.47%.

Zacks Investment Research upgraded shares of Pacific Continental Co. (NASDAQ:PCBK) from a hold rating to a buy rating in a research note issued to investors on Sunday morning, MarketBeat.com reports. The firm currently has $17.00 target price on the financial services provider’s stock.

Pacific Continental Corp. (NASDAQ:PCBK) ended the last trading day at $15.73. Company weekly volatility is calculated as 1.88% and price to cash ratio as 7.35. Pacific Continental Corp. (NASDAQ:PCBK) showed a weekly performance of 2.81%.

Telecom Italia S.p.A. (NYSE:TI) has announced that it will double the funding for its international and wholesale operator TI Sparkle from EUR 200 million to EUR 400 million as part of its recently-published three-year strategic plan. The operator said EUR 6.7 billion of the EUR 12 billion investment envisaged under the 2016-18 business plan will be dedicated to innovation, including additional core capacity and data centres for TI Sparkle.

Telecom Italia S.p.A. (NYSE:TI) shares increased 3.86% in last trading session and ended the day at $9.96. TI Gross Margin is 76.20% and its return on assets is 1.00%. Telecom Italia S.p.A. (NYSE:TI) quarterly performance is -20.13%.

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