AstraZeneca, Kansas City Southern, Tesla and more

Take a look at some of the major engines on the premarket:

AstraZeneca (AZN) – The drug maker said a US study showed that its Covid-19 vaccine was 79% effective in preventing symptomatic illness, 100% effective against critical illness and hospitalizations, and he did not have an increased risk of blood clots. AstraZeneca shares gained 2.2% in premarket trading.

Blackstone (BX) – Blackstone proposed a $ 6.2 billion purchase of Australian casino operator Crown Resorts. The stock rose above the bid price in the Australian market, signaling investors’ bets that a higher bid could come from another suitor.

Kansas City Southern (KSU) – Rail operator agreed to be purchased by Canadian Pacific Railway (CP) in a $ 25 billion cash and stock deal. The transaction is worth $ 275 a share, compared to Kansas City Southern’s closing price on Friday of $ 224.16. Kansas City Southern was up 17.8% in premarket stocks, while Canadian Pacific fell 2.8%.

PepsiCo (PEP) – The beverage and snack giant’s shares rose 1% in the previous market after Barclays raised them to “overweight” from “equal weight.” Barclays noted the stock’s recent underperformance and the potential to accelerate earnings and earnings growth.

Stellantis (STLA) – The automaker said a global semiconductor shortage would affect production of its popular trucks, in a delay that the parent company of Chrysler and Jeep said could last “several weeks.”

Royal Caribbean (RCL) – Royal Caribbean will restart some Caribbean cruises in June, following a one-year suspension amid the Covid-19 pandemic. Crews will be fully vaccinated and adult guests will also need to be vaccinated. Children under the age of 18 will need to show proof of a negative Covid test.

Tesla (TSLA) – Tesla shares will hit $ 3,000 in 2025, according to a projection by ARK Invest founder Cathie Wood. If that prediction comes true, Tesla would be worth roughly $ 3.6 trillion. The stock was up 3.6% in pre-market trading.

Airbnb (ABNB) – Airbnb shares are up 1.5% in pre-market trading as more Americans receive Covid-19 vaccines and resume their travel plans.

SunRun (RUN) – The solar company was rated “positive” on the new coverage at Susquehanna Financial, and the firm said the largest US installer of residential solar systems would benefit from the strong growth anticipated in that market. The shares were up 1.9% in premarket trading.

Zoominfo Technologies (ZI): Goldman Sachs called the digital advertising technology platform provider a “buy” in the new coverage, highlighting the robust data provided to sales reps and streamlining the lead generation process. Zoominfo shares gained 2.5% in premarket stock.

JetBlue (JBLU) – The airline plans to raise $ 650 million through the sale of senior convertible notes due 2026. The stock fell 2% in pre-market share.

DraftKings (DKNG) – Shares of the sports betting company rose 2.1% in the previous market after Loop Capital repeated its call to DraftKings as “the best option”, noting that New York is ready to legalize the games online gambling and that the state market will be less competitive for DraftKings than New Jersey.


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