Check out some of the biggest drivers in the front market:
GameStop (GME) – The video game retailer has said Chewy’s board member and co-founder Ryan Cohen will become chairman of the board of directors after its annual general meeting. GameStop gained 2.2% in trading on the market.
Box (BOX) – The cloud computing company has announced a $ 500 million investment from funds managed by private equity firm KKR (KKR), which will receive convertible preference shares. Box will use the proceeds to repurchase up to $ 500 million of its common stock. Box shares tumbled 5.6% ahead of the market.
WW International (WW) – Morgan Stanley downgraded the stock to ‘equilibrium’ from ‘overweight’, noting that it has performed better over the past twelve months and that the shares of the company, formerly known as Weight Watchers, are now about 5% of the price target. The stock fell 3.1% in pre-trading.
Conagra Brands (CAG) – The company behind food brands such as Duncan Hines, Birds Eye and Healthy Choice achieved quarterly earnings of 59 cents per share, one cent above the estimate. The revenue also achieved the best forecasts. Conagra continues to see greater demand due to more people staying home during the pandemic. Conagra rose 1.1% in pre-trading.
Constellation Brands (STZ) – The manufacturer of Corona beer and a range of strong liquor brands beat Wall Street’s estimates for the most recent quarter on both top and bottom lines, saying it is performing despite pandemic-related challenges.
Costco (COST) – Costco reported a 16% increase in same-store sales for March, including a 13.9% increase in U.S. locations. The warehouse retailer also had a 57.7% increase in online sales compared to a year earlier.
Apple (AAPL) – According to Japan’s Nikkei news service, Apple is slowing down production of MacBooks and iPads due to a shortage of computer chips and other components. The shortage has not yet affected the availability of products for consumers. Apple gained 1% in the pre-market.
Amazon.com (AMZN) – A union vote in an Amazon warehouse in Alabama had 55% of the vote cast among the approximately 5,800 employees, with the expected initial results within days.
Bilibili (BILI) – Bilibili denies a Reuters report that the online video site operator is in talks to buy a 24% stake in Yoozoo Games. The report says that the possible deal would mean that Bilibili would buy the stake as well as the headquarters of Yoozoo for about $ 765 million. Bilbili shares rose 2.1% in pre-market action.
Twitter (TWTR) – According to a Bloomberg report, Twitter has been in talks for the past few months to buy audio-based social network Clubhouse for about $ 4 billion. However, the talks came to a halt for an unknown reason and no longer lasted. Twitter shares gained 1% in the pre-market.
Tesla (TSLA) – According to customers who spoke to CNBC, Tesla issued refunds to customers that it had double invoices for new car purchases. The company also sent apology emails from Tesla’s online store with $ 200 credit.
Emergent BioSolutions (EBS) – Emergent was the subject of a warning by a top federal health official last June, according to a report by the New York Times. The official warned about quality control and other problems at the contract manufacturer, which recently had to discard millions of doses of Johnson & Johnson (JNJ)’s Covid-19 vaccine due to contamination.
Progress Software (PRGS) – The business software company has announced a $ 300 million convertible debt offering. Progress shares fell 1.8% in pre-trading.
Academy Sports + Outdoors (ASO) – According to sources who spoke to StreetAccount, a block of nine million shares of the sporting goods and outdoor recreation shares are being offered by JPMorgan Chase. The stock tumbled 5% in action before the market.