Check out some of the biggest manufacturers in the pre-market:
Electronic Arts (EA) – The video game maker’s shares rose 2.5% in the pre-market after Puck News reported that the company was actively looking for a buyer or merger partner. EA has reportedly held talks with Walt Disney (DIS), Apple (AAPL) and Amazon (AMZN), among others.
VMWare (VMW) – Shares of the cloud computing company rose 21.3% in pre-market trading after numerous reports that it was in preliminary negotiations to be bought by chipmaker Broadcom (AVGO). The two companies are said to be discussing a deal for money and shares, which could happen soon, according to acquaintances. Broadcom fell 4.3%.
GameStop (GME) – GameStop jumped 3.5% in pre-market trading after the video game retailer launched a digital portfolio for cryptocurrencies and NFT.
HP Inc. (HPQ) – The PC and printer maker has been downgraded to “neutral” by Citi’s “buy”, based on moderate demand for computers in the near to medium term. HP fell 2.7% before market action.
Pfizer (PFE) – Pfizer and partner BioNTech (BNTX) said three doses of their Covid-19 vaccine offer strong protection for children under 5, according to preliminary data. BioNTech rose 1.8% in pre-market trade, while Pfizer rose 0.2%.
Motorola Solutions (MSI) – Morgan Stanley has improved the availability of the company’s communications equipment and software to “overweight” from “equal weight”, with a number of favorable trends, including increasing demand for video surveillance. Motorola Solutions rose 2.5% in trailers.
Emergent BioSolutions (EBS) – Shares of the biopharmaceutical company rose 11.1% in pre-market trading amid growing concerns about the spread of monkeypox. Emergent is a provider of smallpox vaccine that can be used to protect against monkeypox.
Autodesk (ADSK) – Shares of the software design company fell 3.9% in pre-market action after RBC lowered its target share price to $ 255 per share from $ 295 per share. RBC said the consensus on Street’s profits may be too high and that Autodesk needs to be consistent in its results to boost investor confidence.
Boeing (BA) – Boeing rose 1% in pre-market trade after its Starliner spacecraft successfully docked with the International Space Station over the weekend.
Corning (GLW) – The company’s stock in materials science fell 2.6% in pre-markets after Citi cut it to “neutral” from “buy”, citing lower demand for PCs and tablets , which affects Corning’s optical components business. Citi also notes uncertainty about the recovery in demand for premium and large TVs.
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