Twitter, Apple, Nio Fall Premarket; Veru, Sailpoint Soar
2022.04.11 15:36
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Monday, April 11th. Please refresh for updates.
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Twitter (NYSE:TWTR) stock fell 3.9% after the social media giant’s CEO Parag Agrawal said at the weekend that Elon Musk declined a spot on the board, despite disclosing a 9.2% stake in the company last week.
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Veru (NASDAQ:VERU) stock rose 24% after the biotech company reported “overwhelming” evidence of efficacy for its experimental drug for treating hospitalized Covid-19 patients.
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AT&T (NYSE:T) stock rose 2.1% after the telecom company completed the deal to merge its WarnerMedia business with Discovery, prompting JPMorgan to call the standalone company a ‘buy’. The stock of the newly combined Warner Brothers Discovery (NASDAQ:DISCA) also rose 2.3% premarket on its first day of trading.
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Sailpoint Technologies (NYSE:SAIL) stock rose 30% after the Financial Times reported that private equity firm Thoma Bravo is acquiring the cybersecurity firm for $6.9 billion.
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Walgreens Boots Alliance (NASDAQ:WBA) stock fell 0.2% ahead of the start of a jury trial in which the pharmacy chain is accused of contributing to Florida’s opioid addiction epidemic after opting not to join a multimillion-dollar settlement by other defendants.
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Nio (NYSE:NIO) ADRs fell 9.8% after the Chinese electric vehicle maker said at the weekend it will suspend production due to Covid-19 lockdown-related disruptions, while also raising prices for its three SUV models.
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JetBlue Airways (NASDAQ:JBLU) stock rose 0.5% after the budget airline announced over the weekend plans to cut the number of its summer flights by around 10%, cutting costs.
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Apple (NASDAQ:AAPL) stock fell 1.3% after Reuters reported that the iPhone maker faces an additional EU antitrust charge in the coming weeks in an investigation triggered by a complaint from Spotify (NYSE:SPOT), up 1%.
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Nvidia (NASDAQ:NVDA) stock fell 4.2% after Baird downgraded its stance on the tech company to ‘neutral’ from ‘outperform’, citing weakening demand in the semiconductor sector.
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Shopify (NYSE:SHOP) stock rose 2.6% after the Canadian e-commerce giant announced a 10-for-1 stock split, with its key personnel set to give up majority voting control.
