Take a look at some of the biggest moving agents in the premarket:
GameStop (GME) – The video game retailer said board member and co-founder Chewy Ryan Cohen will become chairman of the board after its annual meeting. GameStop gained 2.2% in premarket trading.
Box (BOX) – The cloud computing company has announced a $ 500 million investment in funds led by private equity firm KKR (KKR), which will receive convertible preferred shares. Box will use the proceeds to redeem up to $ 500 million in its common shares. Box shares fell 5.6% premarket.
WW International (WW) – Morgan Stanley downgraded the stock to “equal weight” from “overweight”, noting its significant performance over the past 12 months and that the shares of the company previously known as Weight Watchers are now at about 5% of the target price. . The stock decreased by 3.1% in premarket trading.
Conagra Brands (CAG) – The company behind food brands such as Duncan Hines, Birds Eye and Healthy Choice reported quarterly earnings of 59 cents a share, a penny a share above estimates. Revenues also exceeded forecasts. Conagra continues to see an increased demand from the number of people staying at home during the pandemic. Conagra increased by 1.1% in premarket trading.
Constellation Brands (STZ) – Brewery Corona and a variety of spirits brands have surpassed Wall Street estimates on both the top and bottom lines for the last quarter, saying it has performed well despite the pandemic challenges.
Costco (COST) – Costco reported a 16% increase in same-store sales for March, including a 13.9% increase in US locations. Also, the retailer recorded increases in online sales by 57.7% compared to a year earlier.
Apple (AAPL) – Apple is delaying production of MacBooks and iPads due to a shortage of computer chips and other components, according to Japan’s Nikkei news service. The lack has not yet affected the availability of products for consumers. Apple gained 1% in the premarket.
Amazon.com (AMZN) – A union vote at an Amazon warehouse in Alabama saw a 55% turnout of about 5,800 workers, with initial results expected to be announced in a few days.
Bilibili (BILI) – Bilibili denies a Reuters report that the operator of the online video site is in talks to buy a 24% stake in Yoozoo Games. The report said the potential deal would make Bilibili buy both the stock and Yoozoo’s headquarters for about $ 765 million. Bilbili shares increased by 2.1% in the premarket share.
Twitter (TWTR) – Twitter has been in talks in recent months to buy the social network audio clubhouse for about $ 4 billion, according to a Bloomberg report. However, the talks were stopped for an unknown reason and are no longer ongoing. Twitter shares gained 1% in the premarket.
Tesla (TSLA) – Tesla reimbursed customers for double billing for new car purchases, according to customers who spoke to CNBC. The company also sent apology emails offering $ 200 in credit to the Tesla online store.
Emergent BioSolutions (EBS) – Emergent was warned by a top federal health official in June last year, according to a New York Times report. The official warned about quality control and other issues at the contract manufacturer, which recently had to eliminate millions of doses of Johnson & Johnson (JNJ) Covid-19 vaccine due to contamination.
Progress Software (PRGS) – The business software company has announced a $ 300 million convertible debt offer. Progress shares fell 1.8% in premarket trading.
Academy Sports + Outdoors (ASO) – A block of nine million shares in the stock of outdoor sports and leisure sellers is offered through JPMorgan Chase, according to sources who spoke to StreetAccount. Shares fell 5% in premarket share.