Check out some of the biggest drivers in the front market:
Beyond Meat (BYND) – Beyond Meat has announced the opening of a new manufacturing facility in China, the first outside the United States. The plant-based food company said the new factory will significantly increase its ability to deliver products in the region. Beyond Meat rose 2.8% in market performance.
Nokia (NOK) – Nokia has settled a long-running patent dispute with computer maker Lenovo and signed a new cross-licensing agreement. The case concerns Lenovo’s use of multiple video compression technologies. The terms of the agreement have not been announced, but the telecommunications equipment manufacturer in Finland has said it will receive a payment from Lenovo. Nokia rose 1.3% in pre-sale.
Li Auto (LI) – Li Auto has announced a new $ 750 million debt offering, which according to the China-based manufacturer of electric vehicles will be used to fund research and development. The stock fell 3.7% in the market’s pre-sales.
Niu Technologies (NIU) – Niu unveils its first electric kick, with the China-based company planning to make the two-wheeled transport device available this summer in North America, China and Europe.
SunRun (RUN) – The share of the solar power equipment business added 2.3% in the futures market after RBC coverage started with a ‘better performance’, starting SunRun’s position as the leading player in the fast-growing rooftop market .
Pfizer (PFE) – Pfizer’s drug for rheumatoid arthritis Xeljanz is being investigated by Canadian health officials, after a study showed an increased risk of heart-related problems and cancer among patients. Xeljanz’s global sales in 2020 amounted to $ 2.44 billion.
Genworth Financial (GNW) – Genworth has terminated its deal acquired by China-based China Oceanwide Holdings, a $ 2.7 billion deal first announced in 2016. The insurance company said the board had decided that the transaction could not be completed within a reasonable time frame. , due to delays in the regulatory barriers and the pandemic. Genworth fell 1.7% in pre-trading.
Qiagen (QGEN) – The genetic testing company has introduced new technologies that identify the time for researchers to discover new variants of the virus that causes Covid-19. The stock gained 1.5% in the forex market.
CyberArk Software (CYBR) – The cybersecurity software company gained 1.1% in the futures market after Baird upgraded the stock to ‘better’ than ‘neutral’, based on what it calls strong demand for so-called PAM (privileged access management) technology regard.
ViacomCBS (VIAC) – The media company’s share has been upgraded to ‘better’ than ‘peer performance’ at Wolfe Research, which said the share is now at an attractive valuation point following the recent volatility, which has nearly doubled and then return the profits. . ViacomCBS rose 1.9% in the futures market.
Royal Dutch Shell (RDS.A) – Royal Dutch Shell expects to earn a profit of $ 200 million on first-quarter earnings due to the extreme winter weather in Texas earlier this year. The energy producer is expected to report its results in the first quarter on April 29.