Today's Pre-Market Stock Movers: RBLX, PG, AA, CVAC and More
Gapping up
$CureVac(CVAC.US$ +8.2% (The biopharmaceutical company jumped following an upgrade to buy from neutral by UBS, which said Phase 1 results for a treatment that uses mRNA for influenza saw a "major infection point.")
$Chegg(CHGG.US$ +2.5% (The company received an upgrade to overweight from standard weight by KeyBanc. The firm cited the potential for EBITDA upside.)
$Philip Morris International(PM.US$ +1% (Jefferies upgraded the stock to buy from hold and raised its price target. The Wall Street firm said it's bullish on Philip Morris' efforts to acquire oral nicotine company Swedish Match.)
Gapping down
$Roblox(RBLX.US$ -6.7% (Morgan Stanley downgraded the gaming company to underweight from equal weight and said the upside is limited following the stock’s recent outperformance.)
$Discover Financial Services(DFS.US$ -7.3% (The online bank beat expectations for per-share earnings and revenue. Discover boosted its provision for credit losses compared to the prior year, potentially signaling that it sees a weaker economy ahead.)
$Alcoa(AA.US$ -6.4% (The company reported net losses for the most recent quarter, saying high costs for energy and raw materials, paired with low aluminum pricing, dragged on earnings.)
$Procter & Gamble(PG.US$ -2% (The consumer goods giant reported mixed quarterly results before the bell. P&G's adjusted earnings per share for the fiscal second quarter matched expectations at $1.59, but total revenue of $20.77 billion slightly topped estimates of $20.73 billion.)
$Apple(AAPL.US$ -1.2% (JPMorgan cut its price target on Apple and said the technology company had a tough setup going into earnings from supply headwinds.)
$Ford Motor(F.US$ -1.2% (Evercore ISI cut its price target on the stock, noting that automakers could struggle if a recession comes but see sales come back in the three to six months following.)
$Boot Barn Holdings(BOOT.US$ -0.6% (UBS raised its price target on the stock ahead of the company's quarterly earnings report. UBS said investor sentiment should remain unchanged and doesn't expect Boot Barn's earnings release to be a catalyst.)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Official Account
Chasing hot stocks
41KFollowers
15Following
34KVisitors
Follow