Take a look at some of the biggest drivers in the pre-market:
AstraZeneca (AZN) – The drugmaker said that a study in the US showed that its Covid-19 vaccine was 79% effective in preventing symptomatic diseases, 100% effective against critical illnesses and hospitalization and had no increased risk of blood clots. AstraZeneca’s shares gained 2.2% in pre-market trading.
Blackstone (BX) – Blackstone has proposed a $ 6.2 billion purchase from Australian casino operator Crown Resorts. The stock rose above the offer price in the Australian trading session, signaling investors’ bets that a higher offer could come from another suitor.
Kansas City Southern (KSU) – The railroad operator has agreed to be purchased by Canadian Pacific Railway (CP) in a $ 25 billion cash and stock deal. The transaction is worth $ 275 per share, compared to Kansas City Southern’s Friday closing price of $ 224.16. Kansas City Southern rose 17.8% in pre-market stocks, while Canadian Pacific fell 2.8%.
PepsiCo (PEP) – The shares of the beverage and snack giant rose 1% in the pre-market after Barclays upgraded them from “equal weight” to “overweight”. Barclays noted the recent underperformance of the stock and the potential to accelerate revenue and profit growth.
Stellantis (STLA) – The automaker said a global semiconductor shortage would affect the production of its popular pickup trucks, in a delay that the Chrysler and Jeep parent company said could last “several weeks”.
Royal Caribbean (RCL) – Royal Caribbean will restart some Caribbean cruises in June, after a one-year suspension amid the Covid-19 pandemic. Crews will be fully vaccinated and adult guests should also be vaccinated. Children under the age of 18 must provide proof of a Covid negative test.
Tesla (TSLA) – Tesla shares will reach $ 3,000 in 2025, according to a projection by ARK Invest founder Cathie Wood. If that prediction comes true, Tesla will be worth about $ 3.6 trillion. The shares jumped 3.6% in the pre-market negotiations.
Airbnb (ABNB) – Airbnb’s shares increased 1.5% in the premarket, as more Americans receive Covid-19 vaccines and resume their travel plans.
SunRun (RUN) – The solar power company was rated “positive” in new coverage at Susquehanna Financial, with the company saying that the United States’ largest installer of residential solar energy systems would benefit from the strong growth forecasted in that market. The shares rose 1.9% in the pre-market.
Zoominfo Technologies (ZI) – Goldman Sachs has classified the digital ad technology platform provider as a “purchase” in new coverage, looking at the robust data provided to sales representatives and streamlining the lead generation process. Zoominfo’s shares gained 2.5% in pre-market shares.
JetBlue (JBLU) – The airline plans to raise $ 650 million from the sale of convertible senior notes due in 2026. The shares fell 2% in pre-market shares.
DraftKings (DKNG) – Sports betting company shares rose 2.1% in the pre-market after Loop Capital repeated its call for DraftKings as the “best choice”, noting that New York is about to legalize online gambling and that the state market will be less competitive for DraftKings than New Jersey.