Let’s take a look at some of the biggest movers in the former market:
Beyond Meat (BYND)-Beyond Meat announced the opening of a new manufacturing plant in China, which is the first factory outside of the United States. The factory-based food company said the new factory will greatly improve its ability to deliver products in the region. In pre-market trading, non-meat stocks rose 2.8%.
Nokia (NOK)-Nokia has reached a long-term patent dispute with computer manufacturer Lenovo and reached a new cross-licensing agreement. The case involved Lenovo̵
Li Auto (LI)-Li Auto announced the issuance of a new US$750 million bond, which the Chinese electric car manufacturer said will be used for research and development. The stock fell 3.7% in pre-market trading.
Niu Technologies (NIU)-Niu has launched its first electric scooter. The Chinese company plans to launch two-wheeled transportation equipment in North America, China and Europe this summer.
SunRun (RUN)-The stock of the solar equipment company rose by 2.3% before the market. Prior to this, RBC began to cover with an “outperform” rating, noting that SunRun is in a leading position in the rapidly growing rooftop solar market.
Pfizer (PFE) – Pfizer’s rheumatoid arthritis drug Xeljanz was reviewed by Canadian health officials after a previous study showed that patients have an increased risk of heart disease and cancer. Xeljanz’s global sales totaled US$2.44 billion in 2020.
Genworth Financial (GNW)-Genworth terminated its acquisition by China Oceanwide Holdings, which was first announced in 2016 for a transaction value of US$2.7 billion. The insurance company said that the board has determined that the transaction cannot be completed within a reasonable time due to regulatory obstacles and pandemic delays. Genworth fell 1.7% in premarket trading.
Qiagen (QGEN)-The genetic testing company has introduced a new technology that can shorten the turnaround time for researchers so that they can identify new variants of the virus that causes Covid-19. The stock rose 1.5% in pre-market trading.
CyberArk Software (CYBR)-Cybersecurity software company rose 1.1% in the stock market after Baird upgraded the stock from “Neutral” to based on strong demand for the so-called PAM (Privileged Access Management) technology “Better than the market.”
ViacomCBS (VIAC)-This media company’s stock has been upgraded from Wolff Research’s “peer performance” to “outperform”. The company stated that due to the recent turbulence, the stock is currently at an attractive valuation point , Almost doubled, and then gave up these gains. ViacomCBS rose 1.9% in pre-market trading.
Royal Dutch Shell (RDS.A)-Royal Dutch Shell expects a severe winter in Texas at the beginning of this year, which will reduce its first quarter revenue by 200 million US dollars. The energy producer plans to report its first quarter results on April 29.