Take a look at some of the biggest movers in the premarket:
Affirm (AFRM) – Affirm rose 41.2% in premarket retail after the digital payments specialist announced a partnership with Amazon.com (AMZN) that will allow Amazon customers to buy 50 Pay USD or more.
Moderna (MRNA) – Moderna fell 2.7% in premarket after 1 million more Covid-19 vaccine doses were withdrawn from Japan due to contamination concerns. An initial withdrawal of 1.63 million doses took place last week after foreign materials were found in some batches, with the contamination now associated with two deaths. Spanish company Rovi, which bottles the vaccines for markets outside the US, said it is investigating the problem.
Globalstar (GSAT) – The satellite service provider rose 41.3% in premarket measures after AppleInsider reported that the iPhone 13 will have the ability to use satellite communications.
Li Auto (LI) – Li Auto reported lower-than-expected loss and revenue, beating analysts’ forecast for the last quarter. The China-based electric vehicle maker also said it shipped 17,575 vehicles in the quarter, up 166% year over year. The Li Auto share gained 2.3% in pre-market trading.
Hill-Rom (HRC) – Hill-Rom is in advanced talks regarding the acquisition by health care products maker Baxter International (BAX), according to people familiar with the Wall Street Journal. The potential deal for the medical device maker is about $ 10 billion, or $ 150 per share, compared to Hill-Rom’s close of trading on Friday of $ 132.90. Hill-Rom gained 8.7% in the premarket.
Weber (WEBR) – The grill maker, which went public earlier this month, is up 3.8% in pre-market trading after Goldman Sachs began coverage with a “Buy” rating and JP Morgan Securities listed the stock as ” overweighted ”. The companies named Weber’s leading position in the world market and pricing power.
Levi Strauss (LEVI) – The apparel manufacturer’s shares rose 1% pre-IPO after Wells Fargo initiated coverage with an “overweight”. Wells Fargo points to a consensus that a new denim cycle has arrived and the company’s position as one of the higher quality global brands.
Catalent (CTLT) – The contract drug maker has signed a $ 1 billion deal to buy nutritional supplement maker Bettera from private equity firm Highlander Partners. Regardless, Catalent reported better-than-expected earnings and sales in the fourth quarter of the fiscal year, and the stock rose 2.2% ahead of the IPO.
Support.com (SPRT) – Support.com was up 46.2% in the premarket after the tech support provider rose its stock for the last seven consecutive sessions and rose 223% over that period. There was no noteworthy news from the company during this period.
Generac (GNRC) – Generac remains on guard after rising for the last eight sessions in a row, with the backup generator maker benefiting from surges in demand due to weather-related disruptions. The stock is up 12.1% during the winning streak.