Manchester United, Invesco, Take-Two et autres – .

Manchester United, Invesco, Take-Two et autres – .

Find out which companies are making the headlines before the bell:
Manchester United (MANU) – The operator of the football team reported a quarterly loss 5.9% lower than it lost a year ago amid a 15.9% increase in his income. Manchester United are not providing revenue or profit guidance for fiscal 2022 due to uncertainty surrounding the Covid-19 pandemic.

Invesco (IVZ) – The investment management firm is in talks to merge with State Street’s asset management unit (STT), according to people familiar with the matter who spoke to the Wall Street Journal. These sources said a deal is not imminent and may not happen at all. Invesco shares jumped 6.5% in the pre-market, while State Street edged up 0.6%.

Take-Two Interactive (TTWO) – Shares of the video game maker fell 1.3% pre-market after BMO Capital downgraded the stock to “market performance” from “outperform”. BMO’s profit estimates for Take-Two were at the high end of Street’s forecast, but she said she was now less confident following a series of video game release delays.

Coupang (CPNG) – Softbank’s Vision Fund has sold 57 million shares of the South Korean online retailer for around $ 1.69 billion, according to an SEC filing.

Accolade (ACCD) – The provider of workplace benefits management solutions rose 2% in pre-market after Baird upgraded the stock to “outperform” from “neutral.” Baird cited a solid execution track record and his growing confidence following recent conversations with management.

Unum (UNM) – Unum is launching a new digital verification tool designed to help businesses manage immunization mandates. The insurer’s product allows workers to report immunization status and download documentation, while helping companies manage exemptions.

Eli Lilly (LLY) – The drugmaker has obtained FDA approval for the extension of emergency use authorization for its Covid-19 treatment. The treatment can now be used in patients who may have a high risk of infection after being exposed to someone with Covid.

General Motors (GM) – GM plans to extend downtime at seven North American factories as the global semiconductor shortage continues to dampen production.

US Steel (X) – US Steel plans to build a new US steel plant, construction of which will begin next year and production is expected to start in 2024. This decision comes amid strong demand for steel as well as prices that have roughly quadrupled since summer 2020. Shares have fallen 2.1% pre-market.

Zumiez (ZUMZ) – Shares of Zumiez rose 1% in pre-market trading after the street wear and sportswear company announced a $ 150 million share buyback program.

Diamondback Energy (FANG) – The power producer announced an accelerated return on capital plan and approved a $ 2 billion share buyback. Diamondback stock was up 5.2% in pre-market.


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