Beyond Meat, Nokia, Li Auto and more

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

Beyond Meat (BYND) – Beyond Meat 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 would significantly increase its ability to deliver products in the region. Beyond Meat was up 2.8% in premarket stocks.

Nokia (NOK) – Nokia resolved a long-standing patent dispute with computer maker Lenovo, striking a new cross-licensing agreement. The case involved Lenovo’s use of multiple video compression technologies. Terms of the deal were not disclosed, but the Finland-based telecommunications equipment maker said it will receive a payment from Lenovo. Nokia was up 1.3% in premarket trading.

Li Auto (LI) – Li Auto announced a new $ 750 million debt offering, which the China-based electric vehicle maker said would be used to fund research and development. The stock fell 3.7% in pre-market stock.

Niu Technologies (NIU) – Niu introduced its first electric scooter, and the China-based company plans to make the two-wheeled transport device available in North America, China and Europe this summer.

SunRun (RUN) – Shares of the solar equipment company increased 2.3% in the previous market after RBC initiated coverage with a rating of “superior performance”, highlighting SunRun’s position as the leading player in the market. fast growing rooftop solar market.

Pfizer (PFE) – Pfizer’s rheumatoid arthritis drug Xeljanz is under scrutiny by Canadian health officials after a study showed an increased risk of heart problems and cancer among patients. Xeljanz’s global sales in 2020 totaled $ 2.44 billion.

Genworth Financial (GNW) – Genworth terminated its deal to be acquired by China Oceanwide Holdings, a $ 2.7 billion transaction first announced in 2016. The insurance company said its board of directors had determined that the deal could not be completed in a reasonable time. , following delays from regulatory hurdles and the pandemic. Genworth fell 1.7% in premarket trading.

Qiagen (QGEN) – The genetic testing company unveiled a new technology that shortens the turnaround time for researchers identifying new variants of the virus that causes Covid-19. The stock gained 1.5% in the premarket.

CyberArk Software (CYBR) – Cybersecurity software company gained 1.1% in the previous market after Baird upgraded stocks from “neutral” to “outperform,” based on what it sees as strong demand from the so-called PAM (privileged access management) technology.

ViacomCBS (VIAC) – The media company’s stock was upgraded to “outperform” from “peer performance” on Wolfe Research, which said the stock is now at an attractive valuation point after recent volatility that nearly it doubled and then returned those earnings. . ViacomCBS was up 1.9% in the premarket.

Royal Dutch Shell (RDS.A) – Royal Dutch Shell expects to take a $ 200 million hit in first-quarter earnings due to extreme winter weather in Texas earlier this year. The power producer is scheduled to report its first quarter results on April 29.


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