Take a look at some of the biggest moving agents in the premarket:
Hilton Grand Vacations (HGV) – The timeshare company posted a higher-than-expected loss for the last quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a challenging environment, but said 85% of its properties are now open and operational. Its shares fell 2.3% in premarket trading.
NRG Energy (NRG) – The energy provider reported better profits and revenues than expected in the last quarter and also said that the financial impact of extreme weather in Texas is expected to fall within the current range of NRG guidance. The company’s shares increased by 5.5% in the premarket.
Perrigo (PRGO) – Perrigo shares initially rose 4.1% in premarket share after drug maker announced an agreement to sell its Generic Rx Pharmaceuticals business to private equity firm Altaris Capital for $ 1.55 billion in cash, other considerations. Earnings disappeared, however, after Perrigo reported lower-than-expected earnings for the last quarter as sales fell.
Johnson & Johnson (JNJ) – J&J rose 2.1% in premarket after Covid-19 vaccine received emergency use from the Food and Drug Administration over the weekend, followed by approval from the Centers for Control and Prevention Diseases. Administration officials say vaccine deliveries should begin on Tuesday.
Berkshire Hathaway (BRK.B) – Berkshire reported a 23% increase in fourth-quarter profit to $ 35.8 billion, helped by an increase in the value of holdings on the Berkshire stock market. Berkshire also bought nearly $ 25 billion in shares in 2020, with CEO Warren Buffett explaining in his annual letter that the move has increased shareholder value, while leaving enough cash for other opportunities that may arise. Berkshire Class B shares rose 2.1% premarket.
Twitter (TWTR) – Twitter rose 1% in premarket trading after announcing its intention to sell $ 1.25 billion in convertible notes due in 2026, under market conditions.
Walmart (WMT) – The retailer waived the minimum fee of $ 35 for its two-hour express delivery service. However, the $ 35 minimum will still apply for regular delivery, boarding and Walmart + delivery services. Walmart shares rose 1% in the premarket.
L3Harris Technologies (LHX) – The defense contractor has reached an agreement to sell the military training division to the Canadian aerospace company CAE (CAE) for $ 1.05 billion. The agreement will increase the CAE’s defense activity.
Logitech (LOGI) – Logitech shares fell 1.5% premarket after declaring that operating income for fiscal year 2022 will be between $ 750 million and $ 800 million, down from $ 1.1 billion expects to report them for fiscal year 2021. Logitech has seen an increase in demand for devices such as computer mice and keyboards due to the pandemic, with more people working and attending home school.
Twilio (TWLO) – Twilio is in talks to invest up to $ 750 million in the messaging company Syniverse Technologies, according to people familiar with the matter who spoke to The Wall Street Journal. They said that the expected investment of the cloud communications company will value Syniverse – currently owned by the private equity firm Carlyle Group (CG) – between 2 and 3 billion dollars. Twilio increased by 2.3% in premarket stock.
AstraZeneca (AZN) – The drug maker has sold its stake in Moderna (MRNA) for more than $ 1 billion, according to the London Times. The newspaper says that the sale took place after Moderna’s shares increased after the approval of its Covid-19 vaccine, although the exact timetable was not clear. Moderna shares increased 1.8% in premarket trading.
Vector Acquisition (VACQ) – The special-purpose procurement company will take over the Rocket Lab audience with the launch of space transportation through a merger agreement that values Rocket Lab at $ 4.1 billion. The transaction is expected to be completed in the second quarter. Vector shares increased by 17.1% in premarket trading.
Wayfair (W) – Household retailer’s shares rose 2.1% in premarket after Truist Securities upgraded stock to ‘buy’ from ‘hold’, saying it sees improved picture of long-term profitability long and a faster growth trajectory.
Catalent (CTLT) – The pharmaceutical technology company has struggled with vaccine production issues, according to a report published in the Financial Times. Catalent fills the vaccine vials for both Johnson & Johnson and Moderna, and the report said automation technology problems meant the vials had to be checked manually.
Citigroup (C) – Citigroup shares rose 2.1% in premarket trading as Jane Fraser took over as the bank’s chief executive today, becoming the first woman to lead a major US bank.