Check out some of the biggest drivers in the front market:
AstraZeneca (AZN) – The drugmaker said a US study showed that the Covid-19 vaccine was 79% effective in preventing symptomatic diseases, 100% effective against critical illness and hospitalization, and that it did not pose a higher risk for does not contain blood clots. AstraZeneca shares rose 2.2% in pre-trading.
Blackstone (BX) – Blackstone proposes that Australian casino operator Crown Resorts buy $ 6.2 billion. The stock has risen above the offer price in Australian trade, suggesting that investors are betting that a higher bid could come from another freer.
Kansas City Southern (KSU) – The railroad operator has agreed to be bought by Canadian Pacific Railway (CP) in a $ 25 billion cash and inventory transaction. The deal is worth $ 275 per share, compared to Kansas City Southern’s Friday closing price of $ 224.16. Kansas City Southern rose 17.8% in market action, while the Canadian Pacific slipped 2.8%.
PepsiCo (PEP) – The liquor and snack giant’s stock rose 1% in the pre-market after Barclays upgraded it to ‘overweight’. Barclays notes the recent underperformance by the stock and the potential to accelerate revenue and profit growth.
Stellantis (STLA) – The automaker has said a global shortage of semiconductors will affect the production of its popular pickups. The parent of Chrysler and Jeep said it could take a number of weeks.
Royal Caribbean (RCL) – Royal Caribbean will resume some Caribbean cruises in June, following a year-long suspension amid the Covid-19 pandemic. Crew will be fully vaccinated, and adult guests will also need to be vaccinated. Children under 18 must provide evidence of a negative Covid test.
Tesla (TSLA) – Tesla shares will reach $ 20,000 in 2025, according to a forecast by ARK Invest founder Cathie Wood. If the forecast expands, Tesla will be worth about $ 3.6 billion. The stock jumped 3.6% in pre-market trading.
Airbnb (ABNB) – Airbnb shares rose 1.5% in market trading as more Americans received Covid-19 vaccines and resumed their travel plans.
SunRun (RUN) – The solar business was seen as positive in the new coverage at Susquehanna Financial, and the firm said the largest U.S. installer of residential solar systems would benefit from the expected strong growth in the market. Shares rose 1.9% in pre-trading.
Zoominfo Technologies (ZI) – Goldman Sachs rates the digital advertising technology platform provider as a ‘buy’ of new coverage, noting the robust data provided to vendors and the streamlining of the lead generation process. Zoominfo share gained 2.5% in action before the market.
JetBlue (JBLU) – The airline plans to raise $ 650 million through the sale of convertible senior notes payable in 2026. The stock fell 2% in market action.
DraftKings (DKNG) – The share of sports betting rose 2.1% in the forex market after Loop Capital reiterated its call on DraftKings as a ‘top choice’, pointing out that New York is ready to legalize online gambling and the state market will be less competitive for DraftKings than New Jersey.