Stocks making the biggest moves in the premarket: Credit Suisse, Tesla, Myovant Sciences and more


Take a look at some of the biggest movers in the premarket:

Credit Suisse (CS) – Credit Suisse slid 6.1% in premarket trading after the bank sought to calm the fears of investors and clients about its financial health over the weekend in a series of phone calls.

Tesla (TSLA) – Tesla dropped 5.7% in the premarket after announcing deliveries of over 343,000 vehicles during the third quarter. That number was a record high for Tesla and up 42% from a year ago, but below forecasts.

ViaSat (VSAT) – ViaSat rallied 5.9% in premarket trading after the Wall Street Journal reported that the satellite company was close to a deal to sell a military communications unit to defense contractor L3Harris Technologies (LHX) for nearly $2 billion.

Myovant Sciences (MYOV) – Myovant surged 31.3% in the premarket after the biopharmaceutical company rejected a bid by its largest shareholder, Sumitovant Biopharma, to buy the shares it doesn’t already own for $22.75 per share. Myovant said the offer significantly undervalues the company.

Robinhood Markets (HOOD) – Robinhood announced it was closing five additional offices, on top of closures announced in August as part of a restructuring. The newly announced closures for the trading platform operator will result in charges of about $45 million. Robinhood fell 1% in the premarket.

Vodafone (VOD) – The telecom company’s shares jumped 3.2% in premarket action after Vodafone confirmed a Sky News report that merger talks between Vodafone and UK rival Three UK have accelerated.

Stanley Black & Decker (SWK) – The tool maker has eliminated about 1,000 finance-related jobs, according to The Wall Street Journal. Stanley Black & Decker is seeking to cut about $200 million in expenses as it deals with higher costs and slowing demand.

Freshpet (FRPT) – Freshpet rose 2.3% in premarket trading after Barron’s reported that the pet food company hired bankers to explore a possible sale.

Box (BOX) – Box jumped 3.7% in the premarket after Morgan Stanley upgraded the cloud computing company’s stock to “overweight” from “equal-weight,” pointing to strong execution and a favorable competitive landscape.

Products You May Like

Articles You May Like

It’s never too soon to save for retirement. Here are 3 ways Gen Z workers can start now
Despite economic uncertainty, it’s a ‘great moment’ for dollar-cost averaging, says Betterment CEO
Carvana shares tank as bankruptcy concerns grow for used car retailer
The Main Street economic data that shows America’s businesses are still booming
Charts suggest the market is in for a ‘bumpy ride,’ Jim Cramer says

Leave a Reply

Your email address will not be published. Required fields are marked *