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Today's Pre-Market Stock Movers: FCNCA, NVS, ROKU, CAT and More

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Movers and Shakers wrote a column · Mar 27, 2023 07:19
Gapping up
$First Citizens BancShares(FCNCA.US)$ +40.76% (First Citizens Bancshares agrees to acquire large parts of Silicon Valley Bank two weeks after its collapse triggered a wave of market turmoil. First Citizens will be buying all of Silicon Valley Bank's deposits, loans and branches, which will open on Monday under the new ownership, according to the Federal Deposit Insurance Corp.)
$Novartis AG(NVS.US)$ +6.21% (The Swiss pharmaceutical company reported positive top-line results from a trial of breast-cancer drug Kisqali. Novartis said Kisqali plus endocrine therapy "significantly reduced the risk of disease recurrence" compared with standard endocrine therapy alone.)
$Iovance Biotherapeutics(IOVA.US)$ +8.68% (The cancer-therapy developer, gained 10.3% in premarket trading after saying Friday it completed a rolling biologics license application submission to the Food and Drug Administration for lifileucel, a melanoma therapy.)
$Roku Inc(ROKU.US)$ +3.67% (The streaming device company was upgraded to Positive from Neutral at Susquehanna.)
$Carnival(CCL.US)$ +1.84% (The cruise ship operator, is scheduled to report quarterly earnings before the stock market opens Monday.)
Gapping down
$Caterpillar(CAT.US)$ -1.20% (Shares of the maker of construction and mining equipment were downgraded to Underperform from Neutral at Baird, the Fly reported.)
$BioNTech(BNTX.US)$ -3.42% (The German biotechnology company, was falling in premarket trading after saying it expects revenue to fall more than expected this year as demand wanes for Covid vaccines.)
Source: Dow Jones
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