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Take a look at some of the biggest players in the pre-market:
Johnson & Johnson (JNJ) – J&J has said a batch of its Covid-19 vaccine from a factory in Baltimore does not meet quality standards and will not be distributed. The company said the issue stemmed from a quality issue for a vaccine ingredient made by Emergent BioSolutions (EBS). J&J fell 1.1% before market launch, while Emergent BioSolutions fell 8.5%.
Pfizer (PFE) – New data released by manufacturer and partner BioNTech (BNTX) showed 91% efficacy for its Covid-19 vaccine after six months. Pfizer edged up 0.3% in pre-market commerce, while BioNTech was up 1.1%.
CarMax (KMX) – The auto retailer reported quarterly profit of $ 1.27 per share, with revenue mostly on plan. CarMax also announced that it will acquire the remaining part of Edmunds that it does not already own, in a cash and stock transaction valuing the auto information provider at $ 404 million. CarMax shares slipped 3.5% in pre-market action.
Micron Technology (MU) – The computer chip maker reported quarterly profit of 98 cents per share, beating consensus estimates of 3 cents per share. Revenues are slightly higher than Wall Street forecasts. The company also released bullish forecasts amid high semiconductor demand. Separately, the Wall Street Journal reported that Micron is studying a deal for Kioxia that could value the Japanese chipmaker at around $ 30 billion. Micron shares jumped 4.5% pre-market.
Abbott Laboratories (ABT) – The Food and Drug Administration has approved Abbott’s rapid Covid-19 antigen test for over-the-counter sales and home use for people without current symptoms of Covid. The retail price is still undetermined, but a spokesperson for the company told Reuters the tests will be sold to retailers for less than $ 10 each. At the same time, the FDA also approved a home test for Covid-19 performed by the diagnostic company Quidel (QDEL).
Exxon Mobil (XOM) – The energy giant released data in a Securities and Exchange Commission file that indicates the possibility of the company’s first profit in five quarters. Raymond James analyst Justin Jenkins said the data showed earnings of $ 2.55 billion, or 60 cents a share, with Exxon benefiting from rising oil and gas prices.
FuboTV (FUBO) – The live-streaming sports television platform has announced a deal to broadcast all non-televised Chicago Cubs games nationwide this season. FuboTV shares jumped 4.8% in pre-market action.
Nio (NIO) – The China-based electric vehicle maker said it delivered 7,257 vehicles in March, an increase of 373% from the same month last year. Nio jumped 5.8% in pre-market commerce.
Sherwin-Williams (SHW) – The paint manufacturer’s 3-for-1 stock split – announced March 2 – is effective as of today. This is the first time Sherwin-Williams has split its stock since 1997. Sherwin-Williams gained 1.2% on the pre-market.
Taiwan Semiconductor (TSM) – The semiconductor maker will invest $ 100 billion over the next three years to expand manufacturing capacity at its factories, to meet increased demand and a global chip shortage. Taiwan Semi grew 2.1% in pre-release.
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