Stock Groups

Beyond Meat, Pfizer and Nikola Rise Premarket; Adobe, Salesforce Fall -Breaking

by Mike Robinson

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© Reuters

Peter Nurse 

Investing.com — Focus on stocks in premarket trading Wednesday, January 5, 2005 Refresh to see the most recent updates.

    • Beyond meatYum! KFC brands will now sell their plant-based chicken at U.S. outlets. Yum

    • Carlyle Group The stock of (NASDAQ:) rose 0.1% following the acquisition by private equity firm, a 10% share in Hyundai Glovis Logistics, an affiliate company Hyundai Motor for approximately $510 million.

    • Pfizer Stock rose by 2% at the NYSE BioNTechThe stock of (NASDAQ:) rose 2.9% on the news that two companies had announced they will collaborate in developing a mRNA-based vaccine to combat shingles. This is a serious and often painful condition. Bank of America also upgraded its stance on Pfizer to “buy” from “neutral”.

    • Nikola (NASDAQ:) stock rose 2.3% after USA Truck (NASDAQ) announced that it had reached a deal with 10 electric truck manufacturers. Separately the electric vehicle company dropped a $2B patent suit. Tesla (NASDAQ:).

    • AdobeThe stock (NASDAQ) fell 3.3% Salesforce (NYSE:) stock dropped 3.3% after UBS downgraded its investment stance on both companies to “neutral” from “buy”, saying business software growth is slowing.

    • Pinterest (NYSE:) stock rose 1.7% after Piper Sandler upgraded its stance on the image sharing service to “overweight” from “neutral”, saying the stock could bounce 60% this year after falling more than 50% over the last 12 months.

    • Alibaba ADRs dropped 1.2% in the NYSE BilibiliStock dropped 4.1% in NASDAQ after China’s highest market regulator punished units of companies for failing to report on a dozen transactions.

 

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