Take a look at some of the biggest moving agents in the premarket:
Tesla (TSLA) – Tesla delivered nearly 185,000 vehicles in the first quarter, a record for the company and more than 10,000 consensus forecasts. The stock increased by 7.6% in the premarket.
GameStop (GME) – Video game distributor has announced plans to sell up to 3.5 million shares in a “market” offering, with plans to use revenue to strengthen its balance sheet and accelerate its transformation into course. GameStop also said that sales for the first nine weeks of the current quarter increased by 11% compared to the same period a year ago. GameStop fell 15.1% in premarket trading.
Roblox (RBLX) – The shares of the video game development company rose 3.5% in premarket stock as Goldman began hedging with a “buy” rating and Morgan Stanley initiated hedging with an “overweight” rating. ”. Both companies cite solid growth prospects, with Goldman noting that Roblox is able to outsource game development costs to creators.
Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), Carnival (CCL) – Centers for Disease Control and Prevention has updated its guide to resuming US cruise ship navigation, although it has not set a specific date for resumption. Royal Caribbean won 1.5% in the premarket, with the Norwegian with 2.5% and Carnaval with 2.2%.
Johnson & Johnson (JNJ) – J&J to take over processing at factory owned by contract maker Emergent Biosolutions (EBS) after quality control issue destroyed a batch of J & J’s Covid-19 vaccine. Wall Street Journal reports that, in order to adapt the switch, the production of the Covid-19 AstraZeneca (AZN) vaccine will be moved elsewhere. Separately, J&J has expanded a study of its Covid-19 vaccine to include 12- to 17-year-olds.
Tribune Co. (TPCO) – Tribune received a $ 680 million takeover bid – worth $ 16.50 a share – from Choice Hotels president Stewart Bainum and Swiss billionaire Hansjorg Wyss. It exceeds a $ 635 million transaction that the newspaper publisher previously agreed to with Alden Global Capital hedge fund.
Pinterest (PINS) – The operator of the image sharing site is in talks to buy the photo application company VSCO, according to The New York Times. A potential trading price could not be established, but VSCO was recently valued at $ 550 million. Pinterest shares rose 1.6% in the premarket.
General Motors (GM), Ford Motor (F) – Wells Fargo has begun covering both automakers with an “overweight” rating, indicating Ford’s faster change under new CEO Jim Farley and GM’s leadership in electric vehicles and connectivity . GM shares added 1.7% to premarket share, while Ford rose 1.5%.
Pioneer Natural (PXD) – Pioneer Natural has entered into an agreement to buy private shale maker DoublePoint Energy for about $ 6.4 billion, continuing the consolidation trend in the shale industry. Pioneers fell 4.4% in premarket trading.
Moderna (MRNA) – Moderna has received approval from the Food and Drug Administration to fill Covid-19 vaccine vials with up to 15 doses compared to the previous 10 doses. Moderna said it expects to start delivering 15-dose vials in a few weeks, and its stock has risen 1.5 percent in premarket trading.
Morgan Stanley (MS) – Morgan Stanley has said it will increase its dividend as soon as restrictions are lifted by the Federal Reserve. The Fed is scheduled to launch the next round of bank stress test results in June. Morgan Stanley rose 1.4% in the premarket.
Planet Fitness (PLNT) – The fitness chain intends to add up to 100 new locations in the next fiscal year, adding to the current total of over 2,100. Chief Financial Officer Tom Fitzgerald told The Wall Street Journal that the company also wants to boost investment in its app.
Lamb Weston (LW) – Food company shares gained 1.9% in premarket after Bank of America Securities upgraded it to “buy” from “neutral” and raised the price target to $ 100 per share from 84 USD per share. BofA said the company is poised to approach pre-Covid business levels with improved demand.