Ford, Change Healthcare, Cognex and more

Ford, Change Healthcare, Cognex and more

Take a look at some of the biggest moves in the premarket:

Ford ( F ) ̵[ads1]2; The automaker’s shares fell 4.5% in premarket trading after it warned that quarterly earnings would take a hit of about $1 billion from increased supplier costs and parts shortages. These factors contributed to a shortage of finished vehicles ready to sell.

BioNTech (BNTX), Moderna (MRNA) – Vaccine makers are seeing shares fall again this morning, after falling yesterday on President Joe Biden’s comment that the pandemic was “over.” BioNTech fell 2.4% in premarket trading, with Moderna down 2.1%.

Change Healthcare ( CHNG ) — The health technology company’s shares rose 7.5% in premarket trading after a federal judge ruled against the Justice Department’s antitrust challenge to UnitedHealth’s ( UNH ) planned $13 billion acquisition of the company.

Cognex (CGNX) – Cognex shares rose 4.7% in premarket trading after the maker of machine vision systems and sensors raised its earnings outlook for the current quarter. The move comes amid a faster-than-expected inventory recovery from a fire at Cognex’s primary contract manufacturer.

Nike ( NKE ) — Nike lost 2.2% in premarket trading after Barclays downgraded the stock to “equal weight” from “overweight,” noting continued volatility for the athletic shoe and apparel maker in China, as well as demand erosion in North America and elsewhere .

Western Digital ( WDC ) — The disk drive maker’s shares fell 1.7% in premarket trading following a Deutsche Bank downgrade to “hold” from “buy.” Deutsche Bank said the company’s profit and revenue look set to come in at the low end of guidance due to weakened demand.

Norwegian Cruise Line (NCLH) – Norwegian jumped 3% in the premarket after Truist Financial upgraded the stock to “buy” from “hold,” pointing to a decline in cancellations and subsequent rebookings at lower prices.

Source link

Back to top button