A paramedic prepares doses of the AstraZeneca vaccine for patients at a walk-in COVID-19 clinic inside a Buddhist temple in the Sydney suburb of Smithfield on August 4, 2021.
Saeed Khan AFP | getty images
Take a look at the companies making headlines in early trading.
AstraZeneca – Shares of the British pharmaceutical company rose more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXD in a trial to treat a common type of breast cancer.
wayfair – Shares rose more than 2% after Bernstein upgraded the home merchandiser from Underperform to Market Perform. The firm cited revenue growth and improving margins commentary.
Chinese E-Commerce Stocks – US-Listed Shares alibaba And PDD Holdings Shares rose nearly 4% in premarket trading, while JD.com rose 3.3%. bloomberg informed of China is considering easing rules limiting foreign investment in domestic publicly traded companies.
siezen — Shares of the biotech firm rose nearly 4% in premarket trading after the company reported positive results from a clinical trial treating previously untreated bladder cancer patients. The results showed that the treatment improved both overall survival and progression-free survival compared with chemotherapy.
Deere – The tractor maker fell about 1% after Canaccord Genuity halted buy shares of the stock, citing slowing growth of large farm equipment and normalizing dealer inventories.
Arm Holdings – Shares of the chip designer rose 1.3% during premarket trading. The stock jumped nearly 25% during its public trading debut, but is now trading slightly above its initial public offering price of $51. Susquehanna initiated a neutral rating on the company in a note Friday.
charter communications — Shares rose about 2% after Wells Fargo upgraded Charter Communications to an overweight rating, saying its mobile roll-to-pay offering and rural growth were contributing to accelerating EBITDA and free cash flow. Needed
Ralph Lauren – Shares of the clothing brand rose about 1% after Raymond James initiated an overweight rating in a note Thursday evening. Analyst Rick Patel estimates a 20% upside from where shares closed Thursday.
Snowman – Shares fell about 0.4% in premarket trading. Jefferies on Friday called Yeti a “best-in-class” favorite in drinkware, even as the market continues to expand to new entrants.
— CNBC’s Piya Singh, Sarah Min, Samantha Subin, Tanaya Machel, Brian Evans and Michelle Fox contributed reporting.
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