Eli Lilly, Boeing, Twitter, NIO – Monday’s Premarket Movers
Stock futures fell Monday as Wall Street was expected to hit Friday’s record highs ahead of a possible second impeachment vote against President Donald Trump.
Here are some of the top movers during Monday’s premarket trading.
1. Eli Lilly LLY | Plus 14.27%
Eli Lilly shares (LLY) – Get the report rose the most in six months on Monday after the drug maker said its developing Alzheimer’s treatment was showing promising results.
Eli Lilly said his treatment slowed the effects of the degenerative brain disorder in mid-stage clinical trials.
Eli Lilly said that donanemab, a investigational antibody, showed “significant slowdown in decline” in a composite measure of cognition and daily function in subjects with early symptomatic Alzheimer’s disease.
2. Twitter TWTR | 7.19% decrease
Shares from Twitter (TWTR) – Get the report fell sharply on Monday after the microblogging site finally banned President Donald Trump’s account “because of the risk of further incitement to violence”.
Twitter announced its decision late Friday, citing concerns that the president’s reports could be used to incite more violence after allegedly waking up a mob that stormed the Capitol last week, killing at least five people, including a policeman.
3. NIO NIO | Plus 10.74%
US listed stocks of (NOK) – Get the report rose in premarket retail after the Chinese electric vehicle maker unveiled its first sedan, the all-electric ET7, which will compete against Tesla (TSLA) – Get the report Bestseller model 3.
NIO’s ET7 will start at 448,000 yuan ($ 69,100), compared to 265,740 yuan for the entry-level Tesla Model 3 built in China. Tesla sold 120,000 Model 3 cars in China last year.
4. Boeing BA | 3.82% decrease
Boeing shares (BA) – Get the report fell Monday after a Sriwijaya Air-operated Boeing 737-500 passenger plane crashed into the sea off the coast of Indonesia on Saturday after taking off from Jakarta.
According to CNN, black boxes on the plane were found and communication data received.
The aircraft, a 737-500 aircraft, was 26 years old and much older than the Boeing 737 MAX that crashed in March 2019 after two fatal crashes, including a Lion Air crash in Indonesia that killed 189 people in 2018. lay on the ground.
5. Lululemon LULU | 2.45% decrease
Shares of Lululemon (LULU) – Get the report declined after the retailer updated its fourth quarter earnings and sales guidance ahead of a major investor conference.
Lululemon expects earnings for the fourth quarter of its fiscal year, which ends in January, to grow “at the upper end of the mid-single-digit forecast set in early December”. Revenue is likely to grow “at the high end of its expectations for mid-to-senior teenagers,” the company said.