Tesla, Quidel, Chub, etc.

Date:

Check out the companies that make headlines before the bell:

Tesla (TSLA) – Tesla has announced that it will relocate its headquarters from California to Texas. CEO Elon Musk pointed out that living and running in California can be expensive. Musk said the company plans to increase production at its plants in California and Nevada.

Homeopathy (ALLO) – Pharmaceutical company share fell 38.4% pre-marketing after the FDA withheld its anti-cancer drug trials due to a chromosomal abnormality in one patient. The hold is valid until the investigation is complete.

Quidel (QDEL) – Quidel shares rose 6.1% in pre-market trading after a manufacturer of rapid diagnostic tests reported quarterly earnings of over $ 500 million, well above analysts’ expectations. Growth was driven primarily by Covid-19 related revenue.

Chub (CB) – Chub has acquired rival insurance companies Asia Pacific and Turkey Cigna (CI) $ 5.75 billion in cash. The transaction is expected to close by the end of next year.

Autory (OTLY) – Oat milk maker shares surged 5.4% in front of the market after JP Morgan Securities upgraded its shares from “neutral” to “overweight”. The company recorded a 49% drop from its June peak and now sees the upside potential far greater than the downside risk.

Momentive Global (MNTV) – SurveyMonkey owners are looking for potential sales, according to people familiar with the issue that spoke to Bloomberg. Negotiations are in the early stages and Momentive may decide to maintain independence. Stock prices soared 10.9% due to pre-market movements.

Accolade (ACCD) – Accolade reported a quarterly loss of 97 cents per share. This is wider than Wall Street analysts expected a loss of 56 cents, but providers of medical benefit solutions have seen the best estimates of revenue. The guidance shows a similar trend this quarter, with slightly wider losses than expected and better earnings than expected. Accolade shares fell 7.8% in front of the market.

Beauty and health (SKIN) – Beauty Health’s share price rose 2% in front of the market after Stifel Financial began covering beauty product maker shares with a “buy” rating. Stifel’s price target is $ 33, representing a 24% increase.

Sirius XM (SIRI) – Satellite radio operator shares fell 1.4% in pre-market transactions after JP Morgan downgraded shares from “overweight” to “neutral” due to slowing new car sales and accelerating satellite investment. ..

Vaxart (VXRT) – The Vaxart strain surged 8.5% pre-marketing in bright test results involving oral Covid-19 vaccine candidates. Biopharmaceutical companies said the vaccine could reduce the spread of the virus in the air and provoke a strong immune response.

Tesla, Quidel, Chub, etc.

Source link Tesla, Quidel, Chub, etc.

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