{"id":107296,"date":"2021-02-17T13:51:57","date_gmt":"2021-02-17T13:51:57","guid":{"rendered":"https:\/\/fin2me.com\/?p=107296"},"modified":"2021-02-17T13:51:57","modified_gmt":"2021-02-17T13:51:57","slug":"stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more\/","title":{"rendered":"Stocks making the biggest moves in the premarket: Chevron, Verizon, Vir Biotechnology & more"},"content":{"rendered":"

Take a look at some of the biggest movers in the premarket:<\/em><\/p>\n

Hilton Worldwide (HLT) \u2013 The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who had expected a profit of 4 cents per share. Revenue also fell short of estimates. The loss came as Covid-19-related disruptions led to a 59.2% drop in comparable revenue per available room compared with a year ago. Hilton shares are down 2.3% in premarket trading.<\/p>\n

Garmin (GRMN) \u2013 The maker of fitness and navigation devices beat estimates by 44 cents a share, with quarterly profit of $1.73 per share. Revenue also topped analysts' forecasts. Garmin saw strong growth in most of its segments, led by marine and outdoor. Its shares are higher by 1.9% in the premarket.<\/p>\n

Vir Biotechnology (VIR) \u2013 Vir shares jumped 14.4% in premarket trading following an announcement that its Covid-19 antibody partnership with GlaxoSmithKline (GSK) will be expanded to research therapies for other diseases.<\/p>\n

Shopify (SHOP) \u2013 Shopify earned $1.58 per share for the fourth quarter, beating the $1.26 a share consensus estimate. Revenue came in above forecasts as well. Shopify benefited as more merchants adopted its e-commerce tools to sell their products and services online. Shares are up 1% in premarket action.<\/p>\n

Chevron (CVS), Verizon (VZ) \u2013 Warren Buffett's Berkshire Hathaway bought a $4.1 billion stake in Chevron and $8.6 billion in Verizon shares during the fourth quarter, according to Berkshire's latest 13-F filing. Berkshire also sold its stakes in drugmaker Pfizer (PFE) and JPMorgan Chase (JPM) while trimming its holdings of Wells Fargo (WFC). Chevron is chalking up a 3.8% gain in the premarket, while Verizon is up by 3.6%.<\/p>\n

Slack (WORK), Salesforce.com (CRM) \u2013 Slack and Salesforce were asked by the Justice Department's antitrust division to provide more information related to the $27.7 billion purchase of Slack by Salesforce. The deal is still expected to close by July 31. Slack shares dropped 2.4% in premarket trading.<\/p>\n

Tribune Publishing (TPCO) \u2013 Tribune will be taken private by hedge fund Alden Global for $17.25 per share in cash. Alden already had a 32% stake in the publisher of the Chicago Tribune, New York Daily News and Baltimore Sun newspapers. Tribune shares are up 6.5% in premarket action.<\/p>\n

Morningstar (MORN) \u2013 Morningstar was sued by the Securities and Exchange Commission for allegedly violating securities laws in its commercial mortgage-backed securities ratings. The financial information provider said it had complied with all regulations and that it had stopped using the method in question in 2018. Morningstar shares slid 1% in premarket trading.<\/p>\n

Treehouse Foods (THS) \u2013 Jana Partners increased its stake in Treehouse to 7.3% and is pushing the packaged food company to explore options including a possible sale. In its quarterly 13-F filing, Jana also disclosed a new stake in medical lab operator LabCorp (LH).<\/p>\n

La-Z-Boy (LZB) \u2013 La-Z-Boy shares fell 5.2% in the premarket after the furniture maker announced that CEO Kurt Darrow would retire on April 25, to be replaced by CFO Melinda Whittington. The furniture retailer also reported a drop in quarterly profit on higher costs due to Covid-19-related supply chain disruptions.<\/p>\n

Cedar Fair (FUN) \u2013 Cedar Fair reported a fourth-quarter loss of $105.5 million compared to a $2.78 billion profit a year earlier as the pandemic continued to impact attendance at the amusement park operator's properties. Cedar Fair slid 1.6% in premarket action.<\/p>\n

SolarEdge Technologies (SEDG) \u2013 The maker of solar energy equipment beat estimates by 11 cents a share, with quarterly earnings of 98 cents per share. Revenue came in above estimates as well. It is also projecting better-than-expected sales for the current quarter, driven in part by a strong residential market in the United States. SolarEdge shares rose 3.2% in the premarket.<\/p>\n

QuantumScape (QS) \u2013 QuantumScape shares jumped 6.2% in premarket trading, even though the electric vehicle battery maker reported a loss in its first quarterly release as a public company. Investors are encouraged by QuantumScape's progress in developing multilayer battery cells.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) \u2013 The hotel operator reported a quarterly loss of 10 […]<\/p>\n","protected":false},"author":3,"featured_media":107295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nStocks making the biggest moves in the premarket: Chevron, Verizon, Vir Biotechnology & more - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks making the biggest moves in the premarket: Chevron, Verizon, Vir Biotechnology & more - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) \u2013 The hotel operator reported a quarterly loss of 10 [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-17T13:51:57+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/02\/cfntalkfoto106841410-1613566879320-gettyimages-1263019675-a09i3709_20200731115753724.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more\/\",\"url\":\"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more\/\",\"name\":\"Stocks making the biggest moves in the premarket: Chevron, Verizon, Vir Biotechnology & more - 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