Check out some of the biggest movers in the premarket:
Beyond Meat (BYND) – Beyond Meat has announced the opening of a new production facility in China, the first outside the United States. The plant-based food company said the new plant would significantly increase its ability to supply products in the region. Beyond Meat rose 2.8% in premarket promotions.
Nokia (NOK) – Nokia has settled a protracted patent dispute with computer manufacturer Lenovo and signed a new license agreement. The case involved Lenovo’s use of multiple video compression technologies. The terms of the agreement were not disclosed, but the Finland-based telecom equipment manufacturer said it will receive payment from Lenovo. Nokia rose 1.3% in premarket trading.
Li Auto (LI) – Li Auto announced a new $ 750 million debt offering, which the China-based electric vehicle manufacturer said would be used to fund research and development. The stock fell 3.7% in premarket action.
Niu Technologies (NIU) – Niu has unveiled its first electric scooter, with the China-based company planning to make the two-wheeled transportation device available in North America, China and Europe this summer.
SunRun (RUN) – Shares of the solar equipment company added 2.3% to the premarket after RBC initiated coverage with an “outperform” rating, confirming SunRun’s position as the leading player in the high-growth market. market for solar panels on roofs was noticed.
Pfizer (PFE) – Pfizer’s rheumatoid arthritis drug Xeljanz is under investigation by Canadian health officials after a study showed an increased risk of heart-related problems and cancer in patients. Xeljanz’s worldwide sales in 2020 were $ 2.44 billion.
Genworth Financial (GNW) – Genworth has ended the deal to be acquired by China-based China Oceanwide Holdings, a $ 2.7 billion transaction first announced in 2016. The insurance company said the board of directors had determined that the deal could not be completed in a reasonable timeframe. , following delays due to regulatory and pandemic hurdles. Genworth was down 1.7% in premarket trading.
Qiagen (QGEN) – The genetic testing company unveiled new technology that will shorten turnaround time for researchers identifying new variants of the virus that causes Covid-19. The share gained 1.5% in the premarket.
CyberArk Software (CYBR) – The cybersecurity software company gained 1.1% in the premarket after Baird upgraded its stock to “outperform” from “neutral,” based on what it sees as a robust demand for so-called PAM technology (privileged access management).
ViacomCBS (VIAC) – The media company’s stock was upgraded to “ outperform ” peer perform at Wolfe Research, which said the stock is now at an attractive valuation point due to recent volatility that nearly doubled it then who took back profits. . ViacomCBS rose 1.9% in the premarket.
Royal Dutch Shell (RDS.A) – Royal Dutch Shell expects to take a $ 200 million hit to its first quarter earnings earlier this year from the extreme winter weather in Texas. The energy producer will publish its first quarter results on April 29.