Tesla, Regeneron, Caterpillar and more
Take a look at the top companies that made headlines long before the bell rang.
Regeneron Pharmaceuticals (REGN) – Shares of the pharmaceutical company rose 2% after Regeneron said that a single dose of its antibody cocktail could provide long-term protection against Covid-19.
Caterpillar (CAT) – The industrial stock jumped more than 4% in premarket trading after it was announced a fresh pick at investment firm Baird. Baird told clients that Caterpillar will see strong earnings within the next few year as the recently passed infrastructure bill creates a strong demand climate.
Autolus Therapeutics (AUTL) – The biotech stock surged 25% after Blackstone said it would invest up to $250 million in Autolus. According to a press release, Autolus will continue its work on the treatment of leukemia.
Coty (COTY) – The makeup and beauty stock rose 6.5% after the company reported better-than-expected results for its fiscal first quarter, according to estimates from StreetAccount. Coty announced it would sell more shares in Wella to KKR.
Krispy Kreme (DNUT) – Shares of the doughnut chain dipped in premarket trading following a downgrade from Truist. According to the investment company, Krispy Kreme could be held back by a tight labor market.
Canopy Growth (CGC) – The pot stock was under pressure in premarket trading following a pair of downgrades from Cowen and Canaccord Genuity. Canopy’s fiscal second quarter results were released last week. Revenue was below expectations.
SoftBank Group Corp (9984.T) – Shares of the Japanese bank fell less than 1% in Tokyo trading after SoftBank reported a loss for its fiscal second quarter. This was the company’s first quarter loss. $10 billion loss from its Vision FundAccording to Reuters, he is being weighed down due to losses in Chinese tech stocks.
Live Nation (LYV) – The entertainment promotion company saw its stock fall nearly 4% in premarket trading on Monday after multiple people died at a Travis Scott concertThe weekend was a busy one. Live Nation is reportedly being sued in connection with the event.