Stocks That Make The Biggest Moves In The Pre-Market: GameStop, Box, WW International & More
Check out some of the largest moving companies on the pre-market:
GameStop (GME) – The video game retailer said board member and Chewy co-founder Ryan Cohen would become chairman of the board of directors after its annual meeting. GameStop gained 2.2% in premarket trading.
Box (BOX) – The cloud computing company announced a $ 500 million investment from private equity firm KKR (KKR) funds to receive convertible preferred stock. Box will use the proceeds to repurchase up to $ 500 million of its common stock. Box stocks fell 5.6% before entering the market.
WW International (WW) – Morgan Stanley downgraded its stock from “overweight” to “evenly weighted”, experiencing significant outperformance over the past 12 months, realizing that it had shares in the company formerly known as Weight Watchers , price target now lie within about 5% of the value. The share fell 3.1% in premarket trading.
Conagra Brands (CAG) – The company behind grocery brands like Duncan Hines, Birds Eye and Healthy Choice posted quarterly earnings of 59 cents per share, a penny per share above estimates. Income also exceeded forecasts. Conagra continues to see increased demand due to more and more people staying at home during the pandemic. Conagra rose 1.1% in premarket trading.
Constellation Brands (STZ) – The maker of Corona beer and a variety of liquor brands topped Wall Street’s estimates on both the upper and lower levels of the last quarter, saying it performed well despite pandemic challenges.
Costco (COST) – Costco saw sales increase 16% in the same store in March, including a 13.9% increase in US locations. The warehouse trader recorded an increase in online sales of 57.7% compared to the previous year.
Apple (AAPL) – According to Japanese intelligence service Nikkei, Apple is delaying production of MacBooks and iPads due to a lack of computer chips and other components. The defect has not yet affected product availability for consumers. Apple gained 1% in the pre-market.
Amazon.com (AMZN) – In a union vote at an Amazon warehouse in Alabama, the turnout was 55% among the roughly 5,800 workers. The first results are expected to be announced within a few days.
Bilibili (BILI) – Bilibili denies a Reuters report that the online video site operator is in talks to buy a 24% stake in Yoozoo Games. The report had said that due to the potential deal, Bilibili would buy both the stake and headquarters of Yoozoo for about $ 765 million. The Bilbili share gained 2.1% before the IPO.
Twitter (TWTR) – In the past few months, Twitter has held talks to buy the audio-based social network Clubhouse for approximately $ 4 billion, according to a Bloomberg report. However, the conversations have been interrupted for an unknown reason and are no longer continuing. The Twitter share gained 1% in the pre-market.
Tesla (TSLA) – Tesla has billed refunds for new car purchases to customers who spoke with CNBC. The company also sent apology emails with $ 200 in credit on Tesla’s online store.
Emergent BioSolutions (EBS) – Emergent was the subject of a warning from a leading federal health official in June last year, according to a report in the New York Times. The official warned of quality control and other issues at the contract manufacturer, which recently had to dump millions of doses of Johnson & Johnson’s (JNJ) Covid-19 vaccine due to contamination.
Progress Software (PRGS) – The enterprise software company announced a $ 300 million convertible bond offering. Progress shares fell 1.8% in premarket trading.
Academy Sports + Outdoors (ASO) – According to sources speaking to StreetAccount, JPMorgan Chase is offering a block of nine million shares of retail sporting goods and outdoor recreation. Shares fell 5% ahead of the IPO.