AstraZeneca (AZN) – The drugmaker said a US study showed its Covid-19 vaccine to be 79% effective in preventing symptomatic illnesses, 100% effective against serious illness and hospitalization , and did not have a higher risk of blood clots. AstraZeneca stock rose 2.2% in pre-release.
Blackstone (BX) – Blackstone has offered a $ 6.2 billion buyout from Australian casino operator Crown Resorts. The stock surpassed the offer price in Australian trading, signaling investors that a higher bid could come from another suitor.
Kansas City Southern (KSU) – The railroad operator has agreed to be acquired by Canadian Pacific Railway (CP) in a $ 25 billion cash and stock transaction. The deal is worth $ 275 per share, compared to Kansas City Southern’s Friday closing price of $ 224.16. Kansas City Southern jumped 17.8% in pre-release, while the Canadian Pacific Railway slipped 2.8%.
PepsiCo (PEP) – The beverage and snack giant’s inventory rose 1% in the pre-market after Barclays upgraded it to “overweight” by “equal weight”. Barclays noted the stock’s recent underperformance and the potential for accelerating revenue and earnings growth.
Stellantis (STLA) – The automaker has said a global semiconductor shortage will impact production of its popular pickup trucks, in a time frame that the parent company of Chrysler and Jeep said could last “several weeks.”
Royal Caribbean (RCL) – Royal Caribbean will restart some Caribbean cruises in June, after a one-year suspension amid the Covid-19 pandemic. Crews will be fully vaccinated and adult guests will also need to be vaccinated. Children under 18 will need to show proof of a negative Covid test.
Tesla (TSLA) – Tesla shares will hit $ 3,000 in 2025, according to a projection by ARK Invest founder Cathie Wood. If that prediction comes true, Tesla would be worth around $ 3.6 trillion. The share jumped 3.6% in pre-market trading.
Airbnb (ABNB) – Airbnb shares rose 1.5% in pre-market trading as more Americans receive Covid-19 vaccines and resume travel plans.
SunRun (RUN) – Solar power company rated ‘positive’ in new coverage from Susquehanna Financial, company saying America’s largest installer of residential solar power systems would benefit from expected strong growth in this market . Shares rose 1.9% in pre-market trading.
Zoominfo Technologies (ZI) – Goldman Sachs rated the digital advertising technology platform provider as a “buy” in a new cover, noting the solid data provided to sales reps and the streamlining of the lead generation process. Zoominfo share gained 2.5% in pre-marketing share.
JetBlue (JBLU) – The airline plans to raise $ 650 million from the sale of convertible senior notes due 2026. The stock has fallen 2% in pre-market share.
DraftKings (DKNG) – Shares of the sportsbook company rose 2.1% in the pre-market after Loop Capital reiterated its call for DraftKings as “first choice,” noting that New York is on the market. point of legalizing online gambling and that the state market will be less competitive for DraftKings than New Jersey.