Novavax, Tesla, JD.com Nikola and others
Take a look at the top companies that made headlines long before the bell rang.
Novavax (NVAX) – Novavax jumped 3.4% in the premarket after the drugmaker said a two-dose treatment of its Covid-19 vaccine demonstrated strong immune responses against the omicron variant. The drugmaker did mention that the response to Omicron was weaker than for the original virus strain, and that it would probably be beneficial to give a booster dose.
Macau gaming stocks – Companies operating casinos in Macau saw their shares jump in premarket trading, following the end of a 45-day public gaming consultation. The consultation result seemed to have calmed industry fears over new regulations that could harm profits. Las Vegas SandsThe (LVS), rallied 4.2% Wynn Resorts(WYNN), an additional 3.4% Melco Resorts(MLCO) jumped by 5.2% MGM Resorts(MGM) was 1.1% higher
Tesla (TSLA) – Tesla CEO Elon Musk said he was “almost done” with share sales after suggesting earlier in the week that he had completed planned sales. Elon Musk’s latest statements made mention of the close of planned sales as a result of the exercise stock options. Tesla gained 1% during premarket trading.
JD.com (JD) – JD.com shares slumped 7.8% in premarket action, following news that China-based social media company TencentThe majority of its equity in the e-commerce business would be distributed to shareholders as $16.4 billion dividend.
Nikola (NKLA) – Nikola added 3.9% in the premarket after saying it had completed delivery of its first electric vehicle and that more were on the way.
Stitch Fix (SFIX) – Stitch Fix added 1.8% in the premarket after shareholder Working Capital Advisors disclosed the purchase of 3.4 million shares in the online clothing styling company, bringing its total holdings to 10.6 million shares.
Mission Produce (AVO) – The provider of fresh produce to retail and wholesale customers fell 6 cents short of estimates with a quarterly profit of 24 cents per share, while revenue also fell short of forecasts. Premarket trading saw a 9% drop in stock prices due to supply issues.
Crocs (CROX) – The casual footwear company announced a deal to buy privately held rival Heydude for $2.5 billion in cash and stock. Both sides anticipate the deal to be completed in the first quarter 2022. Crocs were down 3.4% at the premarket
Ortho Clinical Diagnostics (OCDX) – The in vitro diagnostics company will be acquired by diagnostics technology provider QuidelQDEL in a $6 Billion cash-and stock deal worth $24.68 each share. In premarket trading, Ortho Stock surged 16.1% while Quidel plummeted 7.2%.
SciPlay (SCPL) – The digital game developer’s stock plummeted 18.2% in the premarket after it ended talks to sell itself to majority shareholder Scientific Games (SGMS). Scientific Games shares rose 7.9%