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Rivian – Shares trading down over 3% again premarket after dissapointing earnings last week which resulted in an all time low for the recent IPO. Production dissapointments among the cheif concern along with high valuation stocks being under pressure recently.
Moderna – Shares are up over 7% in premarket trading after reporting that their Covid 19 vaccine produces a 37 fold increase in protection vs the Omicron Variant. Other Vaccine names see gains as well. PFE, BNTX, NVAX
Airlines – Major airlines fall as Omicron concerns continue to weigh on the group with most names down over 2% in premarket trading. UAL, AAL, DAL, LUV
Carnival – Cruise lines fall ahead of Carnival’s premarket earnings as a Royal Caribbean ship reported 48 cases of covid docked in Miami. RCL, NCLH
Sunrun – Down 9% premarket after a KeyBanc downgrade to “sector weight”. This after proposals in California thath would reduce net metering benefits for solar power customers on top of reducing incentives to buy those systems
Canopy Growth – Trading lower premarket after a downgrade to underweight from neutral by Piper Sandler. The analyst citing sales trends under pressure across all of Canopy’s businesses
AMC Entertainment – Despite a continuing historic box office from Spiderman No Way Home, shares of AMC are under pressure premarket down with other reopen names as last weeks rally tests key lefvels
Can-Fiot Biopharma limited – U.S> FDA and European Medicines Agency have agreed with the design of the 471- Patient study.
Society Pass – Shares jump premarket on the companies initiation into the Russell 2000. Shares trading up 35% and were higher earlier in the premarket. SOPA has a low 11m float.
Cerner – The medical tech company is expected to announce an all cash deal to be acquired by Oracle in the mid 90s according to CNBC. Shares are up again premarket while Oracle trades lower.