Check out some of the biggest movers in the premarket:
Uber (UBER) – Uber announced record gross bookings for March, with riders improving 9% month-on-month for the best result in a year. The company said in a filing that demand is recovering faster than driver availability as vaccines are rolled out across the country. Shares of the company were up 2.2% in premarket trading.
Nuance Communications (NUAN) – The speech recognition company is in talks with Microsoft about a takeover by the tech giant, a person familiar with the discussions against CNBC said. A deal could already be announced on Monday. Shares of Nuance were up 24% in premarket trading.
Alibaba (BABA) – Chinese anti-trust regulators have fined the internet company $ 2.8 billion and investors seem relieved that the company is not facing more serious regulatory issues. US-traded shares of Alibaba were up more than 6% in the premarket.
Match Group (MTCH) – The dating app company received an upgrade to “buy” from “neutral” from BTIG, who said in a note that it was optimistic about Match’s smaller brands like Hinger and Pairs. Shares of Match were up 1.4% in premarket trading. BTIG also started coverage from Bumble (BMBL) with a ‘buy’ rating.
Tesla (TSLA) – Canaccord Genuity has upgraded its electric vehicle stock to “buy” from “hold”. The company said in a note that it expects supply restrictions around Tesla’s battery business to ease by 2022. The share rose 1.3% in premarket action.
Chipotle Mexican Grill (CMG) – Shares of the restaurant chain are up for seven consecutive sessions starting Monday, and are up 0.5% in premarket trading. Raymond James upgraded the stock to “outperform” “market performance,” citing improvements in the wider restaurant industry in recent weeks.
United Airlines (UAL) – The company said in a filing that it expects revenues to be $ 3.2 billion in the first quarter, a 66% drop from the first quarter of 2019. United’s shares fell by about 0.9% in premarket trade.
—CNBC’s Michael Bloom contributed to this story.
Enjoyed this article?
For exclusive stock selections, investment ideas and global live stream from CNBC
Sign up for CNBC Pro
Start your free trial now