Check out some of the most important premarket engines:
Affirm (AFRM) – Affirm shot up 41.2% in premarket trade after digital payment specialist announced a partnership with Amazon.com (AMZN) that will allow Amazon customers to pay over time for purchases of 50 dollars or more.
Moderna (MRNA): Moderna fell 2.7% in the pre-market after withdrawing 1 million doses of Covid-19 vaccine from circulation in Japan due to contamination issues. Last week there had been an initial withdrawal of 1.63 million doses after finding foreign substances in some batches, with the pollution now related to two deaths. Spaniard Rovi, who packs vaccines for markets outside the U.S., said he is investigating the issue.
Globalstar (GSAT): The satellite service provider shot up 41.3% more in premarketing shares after a report to AppleInsider that the iPhone 13 will have the ability to use satellite communications.
Li Auto (LI): Li Auto posted lower-than-expected losses and earnings that exceeded analysts’ forecasts for its last quarter. The China-based electric vehicle maker also said it delivered 17,575 vehicles during the quarter, 166% more than a year earlier. Li Auto shares gained 2.3% in premarket trading.
Hill-Rom (HRC) – Hill-Rom is in advanced talks to be acquired by health care maker Baxter International (BAX), according to people familiar with the subject who spoke to The Wall Street Journal. The potential deal for the medical equipment maker is about $ 10 billion or $ 150 per share, compared to Hill-Rom’s Friday close of $ 132.90. Hill-Rom rose 8.7% in the premarket.
Weber (WEBR) – Grill maker, which began trading earlier this month, rose 3.8% in premarket trading after Goldman Sachs began hedging with a “buy” rating and JP Morgan Securities rated the shares as “overweight.” The companies cited Weber’s leading position in the global market, as well as pricing power.
Levi Strauss (LEVI) – Garment maker shares rose 1% in the pre-market after Wells Fargo started coverage with an “overweight rating”. Wells Fargo points to a consensus that a new denim cycle has been consolidated and the company’s position as one of the world’s highest quality brands.
Catalent (CTLT) – The contracted drug maker has signed an agreement to buy nutritional supplement manufacturer Bettera from private equity firm Highlander partners for $ 1 billion. Separately, Catalent reported better-than-expected earnings and revenue during the fourth fiscal quarter and shares jumped 2.2% in the pre-market.
Support.com (SPRT) – Support.com rose 46.2% in the premarket after the tech support provider saw its shares increase over the last seven consecutive sessions and increase 223% during this stretch. During this stretch there was no major news from the company.
Generac (GNRC): Generac remains vigilant after climbing the last eight consecutive sessions, with the backup generator manufacturer benefiting from increased demand due to climate-related disruptions. Shares have jumped 12.1% during the winning streak.