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Stocks making the biggest moves in the premarket

biggest moves in the premarket

In this article, we will discover the best stocks that are making the biggest moves in the pre-market despite the pandemic.
Fasten your seatbelt and start with:

Darden restaurants (DRI)

The restaurant operator reported quarterly earnings of 74 cents per share, beating estimates by 3 cents a share.
However, as same-restaurant sales fell 20.6% compared to a FactSet estimate of an 18.3% decline, revenue came in below forecasts.
Darden also forecasts lower-than-expected earnings for the current quarter and raised its quarterly dividend to 37 cents per share from 30 cents a share.

BioTelemetry (BEAT)

It is a Dutch medical technology company. Philips (PHG) is buying U.S.-based BioTelemetry for
$72 per share in cash, or about 2.5$ billion, representing a 16.5% premium over Thursday’s
closing price. Remote cardiac monitoring and diagnostic technology are where BioTelemetry
specializes. Its shares jumped more than 16% in the premarket.

Winnebago (WGO)

The recreational vehicle maker earned $1.69 per share for its fiscal first quarter, well above the
consensus estimate of 98 cents a share. Revenue also beat analysts’ forecasts, helped by strong consumer demand. Strong demand and interest in outdoor activities appear to be strengthening heading into 2021, said Winnebago.

FedEx (FDX)

It reported a quarterly profit of $4.83 per share, 82 cents a share above consensus. Revenue topped estimates as well. FedEx continues to benefit from a surge in e-commerce, the company withheld 2021 guidance citing an uncertain economic environment. FedEx shares slipped 3% in premarket trading.

Moderna (MRNA):

The Covid-19 vaccine of Moderna received a positive recommendation from a Food and Drug Administration panel, setting it up for possible emergency use authorization by late today.
Moderna’s shares eased 1% in the premarket.

Pfizer (PFE)

Pfizer applied for approval in Japan for its Covid-19 vaccine, which is already in use in both the United States and the U.K.

Johnson & Johnson (JNJ)

Johnson & Johnson said the first late-stage trial for its Covid-19 vaccine candidate is now fully enrolled, with 45,000 participants. J&J expects interim data on the single-dose vaccine by late
January.

Tesla (TSLA)

A trading surge in shares of Tesla is expected today, ahead of the electric vehicle maker’s inclusion in the S&P 500 on Monday.

Blackberry (BB)

BlackBerry earned 2 cents per share for its latest quarter, compared to forecasts of a 1 cent per share loss. Revenue also beat Street forecasts, despite weaker demand for BlackBerry’s cybersecurity and QNX car software. BlackBerry shares fell 2.4% in premarket trading.

Regeneron Pharmaceuticals (REGN)

Regeneron said its Covid-19 antibody cocktail effectively reduced viral load and reduced the need for medical visits, according to data from a clinical trial published in the New England Journal of Medicine. The company’s shares rose 2% in the premarket.

PPG Industries (PPG)

The U.S.-based paint and coatings maker is buying Finnish paint producer Tikkurila for about $1.35 billion, a premium of more than 66% to Tikkurila’s Thursday closing price. PPG’s shares rose 1% in premarket trading.

Steelcase (SCS)

Steelcase reported quarterly earnings of 8 cents per share, beating the consensus estimate of 3 cents a share. The office furniture maker’s revenue came in below Street forecasts, as demand for furniture and related products remains muted due to the pandemic. Steelcase shares were down nearly 7% in premarket trading

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