Take a look at some of the biggest moving agents in the premarket:
Beyond Meat (BYND) – Beyond Meat has announced the opening of a new production plant in China, its first outside the United States. The plant food company said the new plant will significantly increase its capacity to deliver products to the region. Beyond Meat increased by 2.8% in premarket stock.
Nokia (NOK) – Nokia has settled a long-standing patent dispute with computer maker Lenovo by concluding a new cross-licensing agreement. The case involved Lenovo’s use of several video compression technologies. The terms of the deal were not disclosed, but the Finnish telecommunications equipment maker said it would receive a payment from Lenovo. Nokia rose 1.3% in premarket trading.
Li Auto (LI) – Li Auto has announced a new $ 750 million debt offer, which the Chinese electric vehicle maker said will be used to fund research and development. The stock decreased by 3.7% in the premarket stock.
Niu Technologies (NIU) – Niu has unveiled its first electric scooter, with the China-based company planning to make the two-wheeled transport device available in North America, China and Europe this summer.
SunRun (RUN) – The solar equipment company’s shares added 2.3% in the premarket after RBC launched coverage with a “better” rating, noting SunRun’s position as the leading player in the fast-growing rooftop solar market.
Pfizer (PFE) – Pfizer Xeljanz’s rheumatoid arthritis drug is being monitored by Canadian health officials after a study showed an increased risk of heart and cancer problems in patients. Xeljanz’s global sales in 2020 totaled $ 2.44 billion.
Genworth Financial (GNW) – Genworth has terminated its agreement to acquire China-based China Oceanwide Holdings, a $ 2.7 billion deal first announced in 2016. The insurance company said its board established that the transaction cannot be completed within a reasonable time due to delays caused by regulatory barriers and the pandemic. Genworth fell 1.7% in premarket trading.
Qiagen (QGEN) – The genetic testing company has unveiled a new technology that shortens response time for researchers who identify new variants of the virus that causes Covid-19. The stock gained 1.5% in the premarket.
CyberArk Software (CYBR) – The cybersecurity software company gained 1.1% in the premarket after Baird upgraded the stock to “exceed” from “neutral”, based on what it considers to be a solid demand for such -called WFP technology (privileged access management).
ViacomCBS (VIAC) – The company’s shares have been updated to “outperform” peer-performers at Wolfe Research, which said the stock is now at an attractive benchmark after recent volatility. almost doubled and then returned these gains. ViacomCBS increased by 1.9% in the premarket.
Royal Dutch Shell (RDS.A) – Royal Dutch Shell is expected to receive a $ 200 million hit for earnings in the first quarter of Texas’ extreme winter weather earlier this year. The energy producer is scheduled to report first quarter results on April 29.