Take a look at some of the biggest drivers in the premarket:
Affirm (AFRM) – Confirm pre-market exchanges increased 41.2% after digital payments specialist announced partnership with Amazon.com (AMZN), allowing Amazon customers to make purchases of $ 50 or more over time will allow payment.
Moderna (mRNA) – Moderna fell 2.7% in pre-market after a million additional doses of the COVID-19 vaccine were withdrawn from circulation in Japan due to contamination concerns. There was a first withdrawal of 1.63 million doses last week after the discovery of foreign substances in some batches, with contamination now linked to two deaths. Spain’s Rovi, who bottles vaccines for markets outside the United States, said he was investigating the matter.
Globalstar (GSAT) – The satellite service provider rose 41.3% more in pre-market action after a report in AppleInsider that the iPhone 13 has the ability to use satellite communications.
Lee Auto (LI) – Lee Auto reported lower than expected earnings and losses, beating analysts’ forecasts for its final quarter. The Chinese electric vehicle maker also said it delivered 17,575 vehicles in the quarter, up 166% from a year ago. Lee Auto shares gained 2.3% in pre-market trading.
Hill-Rom (HRC) – Hill-Rom is in advanced talks to be acquired by health products maker Baxter International (BAX), according to people familiar with the matter who spoke to the Wall Street Journal. The potential deal for the medical device maker is around $ 10 billion, or $ 150 per share, from Hill-Rom’s Friday close of $ 132.90. Hill-Rom grew 8.7% in pre-release.
Weber (WEBR) – The grill maker, which went public earlier this month, entered pre-market trading after Goldman Sachs began hedging with a “buy” rating and JPMorgan Securities called it “overweight” share rose 3.8%. The companies cited Weber’s leadership position in the global market as well as its pricing power.
Levi Strauss (LEVI) – Shares of the apparel maker rose 1% pre-market after Wells Fargo began hedging with an “overweight rating.” Wells Fargo underscores the consensus that a new denim cycle has set in and the company is positioning itself as one of the world’s highest quality brands.
Catalent (CTLT) – The contracted drug maker has signed a deal to buy nutritional supplement maker Betara from private equity firm Highlander Partners for $ 1 billion. Separately, Catalent reported better-than-expected earnings and revenue for its fiscal fourth quarter, and the stock jumped 2.2% pre-market.
Support.com (SPRT) – Support.com grew 46.2% in pre-release after the tech support provider saw its inventory rise steadily over the past seven sessions and jumped 223% in that time. period. There is no significant news from the company in this segment.
Generac (GNRC) – Generac remains under observation after a steady increase over the past eight seasons, as the standby generator maker enjoys increased demand from weather disruptions. The stock jumped 12.1% during the winning streak.