Uber, Nuance, Alibaba and more

Take a look at some of the biggest moving agents in the premarket:

Uber (UBER) – Uber has announced record gross bookings for March, and its travel business has improved 9% month-over-month for the best presentation in a year. The company said in a file that demand is recovering faster than driver availability as vaccines spread across the country. The company’s shares increased by 2.2% in premarket trading.

Nuance Communications (NUAN) – The speech recognition company is discussing with Microsoft a acquisition by the technology giant, a person familiar with the talks told CNBC. An agreement could be announced as early as Monday. Nuance shares increased 24% in premarket trading.

Alibaba (BABA) – China’s antitrust regulators have fined the internet company $ 2.8 billion, and investors seem relieved that the company is not facing more serious regulatory problems. Alibaba’s US traded shares rose more than 6% in the premarket.

Match Group (MTCH) – The dating app company received an upgrade to “buy” from “neutral” to BTIG, which said in a note that it is bullish for smaller Match brands like Hinger and Pairs. Match shares increased 1.4% in premarket trading. BTIG also initiated the coverage of Bumble (BMBL) with a “buy” rating.

Tesla (TSLA) – Canaccord Genuity has upgraded its stock of electric vehicles to “buy” from “wait”. The company said in a note that it expects supply constraints around Tesla’s battery business to decline in 2022. Shares rose 1.3% in premarket share.

Chipotle Mexican Grill (CMG) – The shares of the restaurant chain increased for seven consecutive sessions, which entered on Monday and increased by 0.5% in premarket trading. Raymond James improved the stock to “surpass” performance from “market performance”, citing improvements in the wider restaurant industry in recent weeks.

United Airlines (UAL) – The company said in a lawsuit that it expects first-quarter revenue to reach $ 3.2 billion, down 66% from the first quarter of 2019. United shares have fallen by about 0, 9% in premarket trade.

“CNBC’s Michael Bloom contributed to this story.”

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