Ebene News – US – The stocks making the biggest moves in the pre-market: Chevron, Verizon, Vir Biotechnology & more

Hilton Worldwide (HLT) â ???? The hotel operator reported a quarterly loss of 10 cents per share, surprising analysts who expected a profit of 4 cents per share Revenue is also lower than estimated Loss occurred when Covid-19 related disruptions led to a 59% drop in comparable store sales per available room compared to a year ago Hilton shares are down 23% in pre-market trading

Garmin (GRMN) – ???? The maker of fitness and navigation devices beat estimates by 44 cents per share, with quarterly profit of $ 1773 per share Revenue also exceeded analysts’ forecasts Garmin has seen strong growth in most of its segments , led by the navy and the outdoors Its shares are 19% higher in pre-marketing

Viral Biotechnology (VIR) – Shares of Vir jumped 144% in pre-market commerce following the announcement of the extension of its Covid-19 antibody partnership with GlaxoSmithKline (GSK) in search of therapies for other diseases

Shopify (SHOP) – ???? Shopify gained $ 1.58 per share for the fourth quarter, beating the dollar26 a share consensus estimate Revenue is also above forecast Shopify has taken advantage as more merchants embrace its ecommerce tools to sell their products and online services Stocks are up 1% in pre-market action

Chevron (CVX), Verizon (VZ) – Warren Buffett’s Berkshire Hathaway bought a $ 4 billion stake in Chevron and $ 8-6 billion in Verizon shares in the fourth quarter, according to Berkshire Berkshire’s latest 13-F filing a Also sold its stakes in drugmaker Pfizer (PFE) and JPMorgan Chase (JPM) while reducing its stakes in Wells Fargo (WFC) Chevron posts a 38% gain in the pre-market, while Verizon is up 36%

Slack (WORK), Salesforcecom (CRM) â ???? The Department of Justice’s antitrust division has asked Slack and Salesforce to provide more information on Salesforce’s $ 27 billion purchase of Slack The deal is still expected to be completed by July 31 Slack shares have Dropped 24% in pre-market trading

Tribune Publishing (TPCO) – Tribune to be privatized by hedge fund Alden Global for $ 17.25 per share in cash Alden already had a 32% stake in publisher of Chicago Tribune, New York Daily News and Baltimore Sun Les Tribune shares are up 65% in pre-market share

Morningstar (MORN) â ???? Morningstar has been sued by the Securities and Exchange Commission for allegedly violating securities laws in its ratings of commercial mortgage-backed securities The financial information provider said it has complied with all regulations and that he had stopped using the method in question in 2018 Morningstar shares slipped 1% in pre-market trading

Treehouse Foods (THS) – Jana Partners has increased its stake in Treehouse to 73% and is pushing the packaged food company to explore options, including a possible sale In its 13-F quarterly filing, Jana also revealed new stake in medical laboratory operator LabCorp (LH)

La-Z-Boy (LZB) – Shares of La-Z-Boy fell 52% in the pre-market after the furniture maker announced CEO Kurt Darrow would retire on April 25 to be replaced by CFO Melinda Whittington The furniture retailer also reported a drop in quarterly profit on higher costs due to supply chain disruptions linked to Covid-19

Cedar Fair (FUN) – Cedar Fair reported a fourth-quarter loss of $ 105 million versus $ 2.7 billion in profits a year earlier as the pandemic continued to impact footfall at properties in the ‘Cedar Fair amusement park operator slipped 16% into pre-market action

SolarEdge Technologies (SEDG) – The solar power equipment maker broke estimates by 11 cents per share, with quarterly profit of 98 cents per share Revenue also exceeds estimates It also predicts better sales than expected for the current quarter, in part due to a strong residential market in the United States SolarEdge shares rose 32% in pre-release

QuantumScape (QS) – QuantumScape shares jumped 62% pre-market, even as the electric vehicle battery maker reported a loss in its first quarterly as a public company Investors are encouraged by QuantumScape’s progress in the development of multilayer battery cells

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Ebene News – US – The stocks making the biggest moves in the pre-market: Chevron, Verizon, Vir Biotechnology & more

Source: https://www.cnbc.com/2021/02/17/stocks-making-the-biggest-moves-in-the-premarket-chevron-verizon-vir-biotechnology-more.html