Boeing, Micron, Pfizer, Sarepta – Friday’s Premarket Movers
Stock futures traded higher on Friday as investors expected further economic stimulus after President-elect Joe Biden took office.
Here are some of the top movers during Friday premarket trading.
1. Boeing BA | 0.13% decrease
Boeing shares (BA) – Get the report slipped in premarket trading after the jetmaker agreed to pay a $ 2.5 billion fine for fraud and conspiracy related to its 737 MAX-Jet program.
The settlement provides for a $ 243.6 million criminal penalty based on the conduct of two former MAX program technical pilots and the creation of a $ 500 million fund to help families of the Compensate victims of crashes by Lion Air and Ethiopian Airlines.
2. Micron MU | Plus 3.78%
Micron shares (MU) – Get the report rose nearly 4% on Friday morning after the chipmaker’s first-quarter earnings and forecasts beat Wall Street’s estimates.
DRAM sales accounted for 70% of sales, the memory company said. Micron President and CEO Sanjay Mehrotra added that for the first time in company history it was a leader in both DRAM and NAND memory technologies.
3. Pfizer PFE | Plus 0.4%
Pfizer (PFE) – Get the report Inventories spiked early Friday after a new study found the vaccine was developed in collaboration with German partner BioNTech (BNTX) – Get the report could provide protection against mutations found in new, rapidly spreading variants of the coronavirus discovered in the UK and South Africa.
4. Sarepta SRPT | 47.9% decrease
Sarepta shares (SRPT) – Get the report fell sharply in premarket retail after a gene therapy study viewed as a shoo-in treatment for Duchenne muscular dystrophy returned disappointing results.
The unexpected failure cast doubt on the potential of the therapy and also frightened investors in rival companies.
5. Moderna MRNA | 1.49% increase
Moderna shares (MRNA) – Get the report rose in premarket trade after UK regulators approved the company’s Covid-19 vaccine for use and agreed to buy an additional 10 million doses.
The supplies are expected to be introduced in the spring.