Take a look at some of the biggest moving agents in the premarket:
Palantir Technologies (PLTR) – The shares of the business analysis company fell 6.2% in the premarket after reporting a quarterly loss, although revenues made higher street estimates of the increase in new contracts.
AutoNation (AN) – The car dealer exceeded estimates by 42 cents per share, with a quarterly profit of $ 2.43 per share. Revenues also exceeded estimates, as demand remains high against limited stocks. AutoNation has announced the addition of $ 1 billion to its share repurchase program, and its shares have risen 1.9% in premarket trading.
MicroStrategy (MSTR) – The business analytics company continues to benefit from its substantial investment in bitcoin, which is now close to the $ 50,000 mark. Its shares increased by another 5% in the premarket.
Constellation Brands (STZ) – Brewer AB InBev (BUD) is suing Constellation for using the name Corona for its hard seltzer. AB InBev claims that a 2013 transaction between the two involving the brand name did not allow Constellation to use it for products other than beer. AB InBev shares increased 3% in premarket trading.
CoreLogic (CLGX) – CoStar Group (CSGP) has submitted a new bid to acquire rival real estate data provider CoreLogic for $ 95.76 per share, following the February 4 CoreLogic agreement to be acquired by private equity firm Stone Capital and Insight Partners for $ 80 per share in cash. CoStar made its new offer in a letter to the CoreLogic board, saying it was surprised to learn that CoreLogic had accepted that transaction compared to its previous offer of $ 86.30 per share. CoreLogic was up 5.5% in premarket trading, while CoStar was down 3.4%.
Southwest Airlines (LUV) – The airline said it continues to have a significant year-over-year impact on passenger demand due to Covid-19, although it said it expects an improvement from February to March. Shares in the Southwest rose 2.2% in the premarket.
CVS Health (CVS) – CVS reported quarterly earnings of $ 1.30 per share, 6 cents per share above estimates. Revenues also exceeded Wall Street forecasts, helped in part by Covid-19 testing and vaccinations at its pharmacies. Its shares increased 2.4% in premarket trading.
Progressive (PGR) – The Insurer has entered into an agreement to purchase Protection Insurance (PTVCB) for $ 23.30 per share in cash, compared to Friday’s closing of $ 15.01 per share. Protective actions increased by about 47% in premarket trading.
Apple (AAPL) – Automaker Nissan has said it is not in talks with Apple about a possible joint venture. A report in the Financial Times said the two companies were briefly discussing the issue, but those talks faltered.
Facebook (FB) – Facebook is designing a smartwatch that has messaging features, as well as providing health and fitness information, according to the technology site The Information, which quotes people familiar with the problem. Sales of the device will begin next year, according to the report.
Nvidia (NVDA) – The Federal Trade Commission has opened an investigation into the business of the graphics chip maker to buy Arm Holdings, a UK chip designer, for $ 40 billion. The agreement has been the subject of protests against regulators by Alphabet (GOOGL), Qualcomm (QCOM) and Microsoft (MSFT). However, Nvidia shares rose 1.2% in premarket share.
Bristol-Myers Squibb (BMY) – Bristol and French partner Sanofi (SNY) will pay Hawaii more than $ 834 million in a case involving the drug to dilute Plavix blood. The state accused the drug manufacturers of failing to warn non-white patients about the risks associated with the drug. Bristol and Sanofi said the verdict was inconsistent with the evidence and vowed to appeal.
Toyota Motor (TM) – The carmaker will suspend production at nine factories in Japan following an earthquake that hit the northeastern region of Japan last week. Toyota did not specify the impact on production. Its shares fell 1.1% in premarket trading.
Cintas (CTAS) – The uniform and construction services provider offered a better-than-expected revenue outlook for the current quarter, saying it now has a clearer picture of the impact of Covid-19 on its business and that its balance sheet remains solid.