Today's Pre-Market Stock Movers: UBER, SOFI, PFE, ABMD and More

$Abiomed(ABMD.US)$ +51.6% in premarket trading after agreeing to be acquired by $Johnson & Johnson(JNJ.US)$ in a nearly $16.6 billion deal. J&J will pay $380 per share for the maker of heart, lung and kidney treatments, and will add a contingent value right worth up to $35 per share if certain milestones are achieved.

$Uber Technologies(UBER.US)$ +8.8% (it reported better-than-expected quarterly revenue as gross bookings surged compared to a year ago. Uber did report a quarterly loss, but that was largely due to unrealized losses on equity investments)

$SoFi Technologies(SOFI.US)$ +14.3% (it reported a smaller-than-expected quarterly loss and revenue that exceeded analysts’ forecasts. The fintech company also lifted its outlook after adding nearly 424,000 new members during the quarter, bringing its total to more than 4.7 million.)

$Pfizer(PFE.US)$ +4% (it reported a better-than-expected quarter and an improved financial outlook. Strong demand for Pfizer’s older drugs helped offset a drop in sales of its Covid-19-related products.)

$Hologic(HOLX.US)$ +7.6% (the medical equipment maker reported better-than-expected quarterly profit and issued an upbeat outlook. Hologic said it saw “unprecedented strength” across its core businesses.)

$Avis Budget(CAR.US)$ +3.7% (it reported a better-than-expected quarterly earnings from the rental car giant amid continued strong travel demand.)
Gapping down

$Goodyear Tire & Rubber(GT.US)$ -8.3% (it reported a third-quarter earnings miss. The tire maker said its results were impacted by higher costs and a stronger U.S. dollar, although that was partially offset by higher prices.)

$Eli Lilly and Co(LLY.US)$ -2.2% (Lilly is seeing a negative impact from a stronger dollar, increased cancer drug competition and lower insulin prices.

$Stryker Corp(SYK.US)$ -4.9% (the surgical equipment and medical device maker cut its financial outlook, citing the impact of inflation and a stronger U.S. dollar.)

$Trex Co.(TREX.US)$ -7.5% (the maker of decking and railing materials missed both top and bottom line estimates for its latest quarter. Trex said it reduced production levels and implemented layoffs during the quarter as it adjusted to falling sales.)