Check out some of the largest moving companies on the pre-market:
Beyond Meat (BYND) – Beyond Meat announced the opening of a new manufacturing facility in China, the first outside of the United States. The plant-based food company said the new factory will greatly improve its ability to deliver products in the region. Beyond Meat rose by 2.8% in the pre-market.
Nokia (NOK) – Nokia has resolved a longstanding patent dispute with computer manufacturer Lenovo and signed a new license agreement. The case concerned Lenovo’s use of multiple video compression technologies. The terms of the agreement were not disclosed, but the Finland-based telecommunications equipment maker announced that it will receive payment from Lenovo. Nokia rose in premarket trade by 1.3%.
Li Auto (LI) – Li Auto announced a new $ 750 million debt offering to be used to fund research and development, according to the China-based electric vehicle maker. The stock fell 3.7% prior to going public.
Niu Technologies (NIU) – Niu introduced its first electric scooter. The China-based company plans to make the two-wheeled transport device available in North America, China and Europe this summer.
SunRun (RUN) – The solar equipment company’s stock gained 2.3% in the pre-market after RBC began reporting with an “Outperform” rating, recognizing SunRun’s position as a leader in the fast-growing rooftop solar market.
Pfizer (PFE) – Pfizer’s rheumatoid arthritis drug Xeljanz is under investigation by Canadian health officials after a study found patients at increased risk of heart problems and cancer. Xeljanz’s global sales in 2020 were $ 2.44 billion.
Genworth Financial (GNW) – Genworth has closed its transaction to be acquired by China-based China Oceanwide Holdings, a transaction first announced in 2016. The insurance company said the board had determined that the transaction could not be completed in a reasonable time after delays due to regulatory hurdles and the pandemic. Genworth fell 1.7% in premarket trading.
Qiagen (QGEN) – The genetic testing company unveiled a new technology that will reduce turnaround time for researchers identifying new variants of the virus that causes Covid-19. The share gained 1.5% in the pre-market.
CyberArk Software (CYBR) – The cybersecurity software company gained 1.1% in the pre-market after Baird raised its share from “neutral” to “outperform” based on what it claims to be robust demand for so-called PAM technology (Privileged Access Management).
ViacomCBS (VIAC) – The stock of the media company was raised to “Outperform” by “Peer Perform” by Wolfe Research. The stock is at an attractive valuation point after the recent volatility that nearly doubled it and then returns those gains. ViacomCBS rose 1.9% in the pre-market.
Royal Dutch Shell (RDS.A) – Royal Dutch Shell expects first quarter earnings to increase by $ 200 million due to the extreme winter weather in Texas earlier this year. The energy producer is expected to release its first quarter results on April 29th.