Stocks moving the most before market: Yamana Gold, Credit Suisse, Unilever and more


Check out the companies making headlines before the bell:

Yamana Gold (AUY) – The Canadian gold producer has agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $6.7 billion. Yamana Gold shareholders will receive 0.6 shares of Gold Field for each share they currently hold. Yamana jumped 14.9% premarket while Gold Fields fell 11.8%.

Credit Suisse (CS) – Credit Suisse has denied a Reuters report that it was considering various options to raise capital after a string of losses. Two people with knowledge of the matter told Reuters the bank was in the early stages of evaluating options, such as a stock sale or the sale of a business unit. Credit Suisse lost 3.8% in the premarket action.

See also  Levi Strauss improves its sales outlook for the next five years by leveraging the strength of e-commerce

Unilever (UL) – Unilever jumped 6.4% in premarket trading after the consumer products company named activist investor Nelson Peltz to its board. Peltz’s Trian Fund Management owns an approximate 1.5% stake in Unilever.

Sanofi (SNY) – Shares of the drugmaker fell 3.7% in the premarket after the FDA suspended a trial related to its erectile dysfunction drug Cialis. The trial was to assess the conversion of prescription treatment to “over-the-counter” status, with Sanofi saying the discontinuation was related to the way the trial was designed.

See also  Take-home pay, working hours may change from July 1st. Details here

Nio (NIO) – Shares of Nio jumped 5.1% in the pre-market after Morgan Stanley added shares of the China-based electric vehicle maker to its “tactical ideas” list. Morgan Stanley thinks shares should rise as Covid restrictions are eased in the Shanghai region and the company benefits from new subsidies for buyers of electric cars.

Zoom Video Communications (ZM) – Shares of the video conferencing company received a double upgrade at Daiwa Securities, which raised its rating from “outperforming” to “underperforming”. Daiwa said the recent tech pullback presents an upside opportunity and growth expectations for Zoom now look more realistic. Zoom added 1.6% in premarket trading.

See also  'Jurassic World: Dominion' rakes in $143.3 million in domestic opener, 'Top Gun: Maverick' adds $50 million

American Eagle Outfitters (AEO) – The clothing retailer’s stock fell another 5.7% in premarket after falling 6.6% after earnings on Friday. The stock was downgraded to “underweight” from “equal weight” at Morgan Stanley, which believes the reduced advice from American Eagle management may still be too optimistic.

Sherwin-Williams (SHW) – Shares of the paint company fell 2.3% in premarket trading after Credit Suisse launched a hedge with an “underperforming” rating. The company said rising interest rates could impact demand for residential and commercial paint.



Please enter your comment!
Please enter your name here