Check out some of the major premarket engines:
AstraZeneca (AZN) – The drug maker said a US study showed that its Covid-19 vaccine was 79% effective in preventing symptomatic diseases, 100% effective against critical illness and hospitalization and that it did not present a higher risk of blood clots. AstraZeneca shares gained 2.2% in pre-market trading.
Blackstone (BX) – Blackstone proposed a $ 6.2 billion purchase from Australian casino operator Crown Resorts. Shares rose above the bid price in Australian trade, indicating investors ’bets that another bid could reach a higher bid.
Kansas City Southern (KSU) – The rail operator agreed to be bought by Canadian Pacific Railway (CP) on a $ 25 billion deal. The transaction is worth $ 275 per share, compared to Kansas City Southern’s Friday closing price of $ 224.16. Kansas City Southern rose 17.8% in pre-market shares, while Pacific Canada fell 2.8%.
PepsiCo (PEP): The shares of the beverage and snack giant rose 1% in the pre-market after Barclays upgraded it to “overweight” of “equal weight”. Barclays noted the low shortfall in stocks and the potential to accelerate revenue and profit growth.
Stellantis (STLA) – The carmaker said the global shortage of semiconductors would affect the production of its popular vans, in a delay that the parents of Chrysler and Jeep said could last “a few weeks” .
Royal Caribbean (RCL) – Royal Caribbean will restart some Caribbean cruises in June, following a one-year suspension amid the Covid-19 pandemic. Crews will be fully vaccinated and adult guests will also need to be vaccinated. Children under the age of 18 will have to prove a negative Covid test.
Tesla (TSLA) – Tesla shares will reach $ 3,000 in 2025, according to a projection by ARK Invest founder Cathie Wood. If that prediction were exhausted, Tesla would be worth about $ 3.6 trillion. Shares jumped 3.6% in premarket trading.
Airbnb (ABNB) – Airbnb shares rose 1.5% in pre-market trade as more Americans receive vaccines against Covid-19 and resume their travel plans.
SunRun (RUN) – The solar power company was rated “positive” in Susquehanna Financial’s new coverage, according to the firm that the largest installer of residential solar power systems in the U.S. would benefit from the strong growth forecast in this market. Shares rose 1.9% in premarket trading.
Zoominfo Technologies (ZI) – Goldman Sachs rated the provider of the digital advertising technology platform as a “purchase” of new coverage, highlighting the robust data provided to sales representatives and streamlining the lead generation process. Zoominfo shares gained 2.5% in premarketing shares.
JetBlue (JBLU): The airline plans to raise $ 650 million by selling convertible senior tickets that are due to expire in 2026. Shares fell 2% in premarket shares.
DraftKings (DKNG) – Sports betting company shares rose 2.1% in the pre-market after Loop Capital repeated its call for DraftKings as a “best option”, noting that New York is ready to legalize the online game and that the state market will be less competitive for DraftKings than New Jersey.