Take a look at some of the biggest movers in the premarket:
Walgreens (WBA) – Walgreens shares rose 2.8% in the premarket after the drugstore operator reported quarterly earnings of $ 1.51 per share, beating consensus estimate of $ 1.17 per share. Sales also exceeded forecasts, supported by a recovery in prescription volumes. The company also raised its forecast for the year.
Didi (DIDI) – Didi will be included in the FTSE’s global stock indices on July 8, following the IPO of the China-based ride-hailing company and debuting on Wall Street on Wednesday. Has gained 6.9% in the premarket.
CureVac (CVAC) – The German drug maker said a final study analysis showed that its Covid-19 vaccine was 48% effective, little changed from the initial assessment of 47% two weeks ago. Before the trading day, the shares fell by 12.6%.
McCormick (MKC) – McCormick beat estimates by 7 cents per share, with quarterly earnings of 69 cents per share. The spice and spice maker also posted better-than-expected sales and raised its guidance for the full year, aided by increased home demand and a rebound in the company’s commercial business. McCormick was up 1.3% in pre-trading.
Atotech (ATC) – The specialty chemicals company agreed to be acquired by industrial solutions company MKS Instruments (MKSI) in a $ 5.1 billion cash-and-stock deal. Atotech was initially higher on the news but then fell 1% in the pre-trading session.
Micron Technology (MU) – Micron beat estimates by 16 cents per share with quarterly earnings of $ 1.88 per share. The chipmaker’s sales also exceed Wall Street’s forecasts. Micron was also optimistic for the current quarter as a shortage of chips and strong demand keep prices high. Separately, Micron sold a semiconductor factory in Utah for $ 900 million in cash to Texas Instruments (TXN). Micron lost 2.3% in the premarket.
Boeing (BA) – Boeing has named Brian West as Chief Financial Officer, replacing the resigned Greg Smith. West is a former General Electric (GE) executive who most recently served as CFO at financial information company Refinitiv.
GlaxoSmithKline (GSK) – Activist investor Elliott confirmed that it had acquired a significant stake in GlaxoSmithKline and urged the drug maker to consider selling its consumer health care business.
Pacific Gas & Electric (PCG) – PG&E is demanding a US $ 3.8 billion rate hike from California regulators to pay for improvements that would strengthen fire prevention. Investigators have blamed utility equipment for causing some of the most devastating fires in the state in recent years.
Nio (NIO), XPeng (XPEV) – The China-based electric vehicle manufacturers both gained in pre-market trading after reporting their latest shipments. Nio shipped 8,083 electric vehicles in June, up 116% year over year, while XPeng shipped 6,565 vehicles, a more than seven-fold increase. Nio rose 3.2% in the premarket, while XPeng rose 4.7%.