Take a look at some of the biggest pre-market movers:
Oracle (ORCL) – Oracle gained 3% in pre-market after the enterprise software giant reported higher and lower revenue for its latest quarter. Oracle continues to make significant progress moving more of its business to the cloud.
Boeing (BA) – Boeing rose 2.2% in premarket action after United Airlines (UAL) announced an order for 200 jets comprising 100 787 Dreamliners and 100 737 Max jets, with options for further purchases. The order is worth $43 billion at list price.
Modern (MRNA) – The drugmaker has announced that its experimental melanoma vaccine associated with Merck Keytruda (MRK) cancer treatment reduces the risk of skin cancer recurrence by 44% compared to treatment with Keytruda alone. Moderna was up 7.5% pre-market, while Merck gained 1.9%.
First Solar (FSLR) – First Solar rose 1.1% in premarket trading after announcing it will replace Fortune Brands Home and Security (FBHS) in the S&P 500. Fortune Brands creates a division and will then replace First Solar in the S&P MidCap 400.
Therapeutic Mirati (MRTX) – Mirati Therapeutics jumped 8.6% in premarket trading after the manufacturer’s new lung cancer treatment, adagrasib, received Food and Drug Administration approval.
pinterest (PINS) – Pinterest has moved from “overweight” to “neutral” at Piper Sandler, who believes the image-sharing website operator can boost profit margins. Pinterest rose 2.8% in premarket share.
fields of gold (GFI) – Shares of the gold mining company fell 3.1% pre-market after the company announced that CEO Chris Griffith would step down on December 21. 31. Company chairman Yunus Suleman said Griffith felt responsible for the company’s failure to acquire a rival miner Gold Yamana (AUY).
Fiverr (FVR) – Fiverr added 1.1% in premarket trading after Citi launched coverage of the stock with a “buy” rating. Citi believes that some internet stocks like Fiverr — which connects freelancers to businesses and individuals who need services — already reflect concerns about macroeconomic weakness.
To affirm (AFRM) – Bank of America Securities downgraded the ‘buy now, pay later’ lender to ‘neutral’ from ‘buy’, saying investor concerns over credit risk and discretionary spending cuts are likely to linger for several years. quarters. Affirm fell 1% in premarket.