Take a look at some of the most important premarket engines:
Illumina (ILMN): Illumina published a preliminary guide for the current quarter and full year that exceeded current analyst estimates. The life sciences company said its projected results are being driven by record orders in its gene sequencing and related businesses. Illumina jumped 9.2% in premarketing stock.
Cara Therapeutics (CARA) – Cara Therapeutics shares rose 11.4% ahead of the market following news that the biopharmaceutical company’s shares will be added to the S&P SmallCap 600 index, effective Wednesday.
Snap (SNAP): Snap shares gained 1.5% in premarketing stock after an upgrade to Atlantic Equities, which now values shares of the Snapchat parent in “overweight” compared to previous ones ” neutral “. The company cites valuation as a key factor, as well as Snap’s transformation from a messaging-focused platform to a broad content platform.
Mudrick Capital Acquisition (MUDS): Special purpose acquisition company makes public Topps, better known for its baseball cards and Bazooka rubber, in a merger that values the company at $ 1.3 billion. Topps President and former Disney CEO Michael Eisner will incorporate all of his stake in the new company. Mudrick shot up 18.5% in the premarket trade.
Credit Suisse (CS) – The bank will be successful with $ 4.7 billion in its operations with the hedge fund Archegos Capital Management and has announced the departure of risk director Lara Warner and head of investment banking Brian Chin. Credit Suisse also initiated an investigation into the losses related to Archegos.
Moderna (MRNA) – Moderna reached an agreement with contract manufacturer Catalent (CTLT) to produce nearly double the production of Moderna’s Covid-19 vaccine at Catalent’s plant in Bloomington, Indiana, according to the Wall Street Journal .
Phillips 66 (PSX) – Energy producer said it will report a greater-than-expected loss during the first quarter, due to the severe winter weather in the central and southern U.S. states that paralyzed its petrochemical operations. the Gulf Coast. Phillips fell 1.3% in premarket trading.
Southwest Airlines (LUV) – Southwest withdrew 209 pilots from voluntary leave, with plans to return them to active service on June 1st. The measure is expected in anticipation of a summer rise in travel demand.
Tesla (TSLA): Tesla shares are only worth $ 150 per share, according to Roth Capital senior research analyst Craig Irwin. Irwin said Tesla was only a “minor player” in the U.S. and European markets, and told CNBC that people mistakenly assume Tesla has no competition.
Niu Technologies (NIU): The Beijing-based company recorded 149,649 sales of electronic scooters during its first quarter, compared to 40,160 in the previous year’s quarter. Shares of Niu Technologies rose 1% in premarket trading.
BlackRock (BLK) – Credit Suisse called the asset management company a “prime choice,” saying it expects “robust organic growth” from BlackRock stemming from an attractive business mix.
GameStop (GME): The shares of the video game retailer have fallen 1% in pre-market trading after a volatile session on Monday following news that GameStop planned to issue up to 3.5 million shares.
Signet Jewelers (GIS): The jewelry retailer announced an agreement to purchase Rocksbox jewelry subscription services for an undisclosed amount.