{"id":116281,"date":"2021-06-11T12:55:37","date_gmt":"2021-06-11T12:55:37","guid":{"rendered":"https:\/\/fin2me.com\/?p=116281"},"modified":"2021-06-11T12:55:37","modified_gmt":"2021-06-11T12:55:37","slug":"stocks-making-the-biggest-moves-in-the-premarket-snowflake-vertex-pharmaceuticals-chewy-more","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-in-the-premarket-snowflake-vertex-pharmaceuticals-chewy-more\/","title":{"rendered":"Stocks making the biggest moves in the premarket: Snowflake, Vertex Pharmaceuticals, Chewy & more"},"content":{"rendered":"

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

Snowflake (SNOW) \u2013 Snowflake shares fell 3.7% in premarket trading, following the cloud computing company's presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in its fiscal year that ended in January.<\/p>\n

Vertex Pharmaceuticals (VRTX) \u2013 The drugmaker halted development of an experimental drug designed to treat a rare genetic disease called AAT Deficiency. Vertex said the drug raised levels of a deficient protein, but not enough to provide a substantial benefit. Vertex plunged 13.9% in the premarket.<\/p>\n

Chewy (CHWY) \u2013 Chewy earned 9 cents per share for its latest quarter, compared to consensus forecasts for a 3 cents per share loss. The pet products retailer's revenue also beat estimates and gave an upbeat revenue outlook. Chewy also warned of labor shortages and supply chain issues that are impacting product availability.<\/p>\n

Dave & Buster's (PLAY) \u2013 Dave & Buster's reported a surprise profit for its first quarter, with earnings of 40 cents per share. Analysts had predicted a loss of 16 cents per share for the restaurant chain. Dave & Buster's said the recovery in its business has continued through the first part of the current quarter, and its shares jumped 5.5% in premarket action.<\/p>\n

Royal Caribbean (RCL) \u2013 Royal Caribbean's Celebrity line said two passengers aboard its Millennium cruise ship tested positive for Covid-19. The passengers \u2013 who were traveling together \u2013 are asymptomatic and have been isolated, and the cruise line is currently conducting contact tracing. Royal Caribbean lost 1.3% in premarket trading.<\/p>\n

Biogen (BIIB) \u2013 Biogen added 1.4% in the premarket after UBS upgraded the drug maker's stock to "buy" from "neutral," and Bernstein raised its rating to "outperform" from "market perform." Both firms base their upgrades on the potential sales bump from the Food and Drug Administration's approval this week of Alzheimer's disease treatment Aduhelm.<\/p>\n

AMC Entertainment (AMC), GameStop (GME), Clover Health (CLOV) \u2013 These "meme stocks" continue to be volatile, with AMC surging 8% in the premarket, GameStop jumping 5.7% and Clover Health up 3%.<\/p>\n

Tesla (TSLA) \u2013 Tesla unveiled its Model S Plaid at an event held at its Fremont, California factory. The new high-end version of its Model S sells for just under $130,000. Separately, Goldman Sachs reiterated its "buy" rating on the stock.<\/p>\n

American Airlines (AAL) \u2013 American Airlines is investing $25 million in electric flying taxi startup Vertical Aerospace. American said it planned to buy up to 250 of the electric aircraft, which are set for an initial test flight later this year.<\/p>\n

Callaway Golf (ELY) \u2013 Callaway Golf will replace GrubHub (GRUB) in the S&P MidCap 400 index, effective prior to the opening of trading on June 15. GrubHub is in the process of being acquired by British firm Just Eat Takeaway. Callaway \u2013 a leading maker of golf clubs and other golf products \u2013 will be replaced in the S&P SmallCap 600 by Apollo Medical (AMEH). Callaway slid 3.7% in premarket trading, while Apollo surged 11.9%.<\/p>\n

Livent (LTHM) \u2013 The lithium power specialist's shares fell 2% in the premarket after announcing a public offering of 13 million shares at $17.50 per share. Livent plans to use the proceeds for general corporate purposes, repaying debt, and boosting capital spending.<\/p>\n

Monday.com (MNDY) \u2013 The Israel-based maker of work management software is on watch ahead of its second day of trading, after pricing its initial public offering at $155 per share and closing Thursday at $178.87.<\/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: Snowflake (SNOW) \u2013 Snowflake shares fell 3.7% in premarket trading, following the cloud […]<\/p>\n","protected":false},"author":3,"featured_media":116280,"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: Snowflake, Vertex Pharmaceuticals, Chewy & 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-snowflake-vertex-pharmaceuticals-chewy-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: Snowflake, Vertex Pharmaceuticals, Chewy & more - 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