Take a look at some of the biggest movers in the pre-sales market:
Sonos (SONO)-A judge in the International Trade Commission ruled that Sonos’ share price soared 10.6% before the market Alphabetic (GOOGL) The Google department infringed some of the audio technology patents of this high-end speaker company. The ruling may eventually lead to an import ban on certain Pixel smartphones and Nest audio speakers.
BHP Billiton (BHP Billiton)-The world’s largest mining company said it is in talks to sell its oil business to Australian oil and gas producer Woodside Petroleum, and BHP Billiton is also considering other options in the sector. Its stock price fell 1.8% pre-market.
U.S. T-Mobile (TMUS)-The wireless operator stated that it is investigating claims for data breaches involving personal data of more than 100 million users in online forums. The post itself did not mention T-Mobile, but Vice Media quoted the so-called hacker as saying that the data came from the T-Mobile server.
Chipotle (CMG)-Raymond James downgraded the restaurant chain’s stock rating from “Strong Buy” to “Outperform”. The company said the downgrade was based solely on valuation, after the stock had risen 37% in the past six weeks.
KaiYue Hotel (H) – Hyatt is acquiring the resort operator Apple Leisure Group from a private equity firm KKR (KKR) and KSL Capital Partners invested US$2.7 billion. Apple Leisure is the operator of the Secrets, Dreams and Breathless Resorts & Spa chain stores.
Coin Bank (COIN)-As the recent cryptocurrency rally continued, the cryptocurrency exchange operator’s share price rose 1.6% before the market.The rebound also helps the business analyze the company’s stock Micro strategy (MSTR), which holds billions of bitcoins on its balance sheet. MicroStrategy rose 2.2% in pre-market trading.
Honest company (HNST)-Guggenheim Securities upgraded the personal care product manufacturer’s rating from “Neutral” to “Buy”, citing the stock’s valuation after falling more than 28% on Friday. Prior to this, the company’s quarterly report showed that the loss exceeded expectations.
Tencent Music Entertainment (TME)-According to Japan’s Nikkei News Agency, the music streaming service company plans to stop its planned US$5 billion initial public offering due to the Chinese government’s ongoing regulatory crackdown. Tencent shares fell 1.3% in pre-market trading.
Seagate Technology (STX)-After UBS raised its stock from “Neutral” to “Buy”, the hard drive manufacturer’s share price rose by 1.3% in pre-market trading, citing positive cyclicality and structure in the industry Sexual dynamics.
oat (OTLY)-The oat milk producer reported a quarterly loss of 11 cents per share, 1 cent more than expected. Revenue is slightly lower than Wall Street’s forecast. Oatly stated that it was able to overcome Covid and manufacturing-related unfavorable factors during the quarter and is successfully executing its planned manufacturing capacity expansion. Oatly’s stock price rose 1% before the market.