Premarket Movers Monday – Nuance, Alibaba, Uber
Stock futures fell on Monday, signaling a muted opening for major indices ahead of a range of corporate earnings and economic data.
Dow futures facilitate bank earnings, inflation data, and bond sales
Here are some of the top movers during Monday premarket trading.
1. Nuance Communications NUAN | Plus 23%
Nuance Communications ((NUAN) – Get the report Stocks were higher after Microsoft ((MSFT) – Get the report agreed to buy the speech recognition software company for $ 56 per share, or $ 16 billion.
The deal is Microsoft’s second-largest acquisition since it bought LinkedIn for $ 27 billion in 2016.
2. Alibaba BABA | Plus 6.1%
Alibaba shares ((BABA) – Get the report even rose after the tech giant was fined $ 2.8 billion by Chinese regulators. Alibaba’s chief executive Daniel Zhang said he was not expecting any material impact from the sentence.
3. About UBER | Plus 3.4%
Over ((ABOVE) – Get the report The stock traded higher after the Hailship Service posted record gross bookings in March. Uber also said it is expected to make a profit before the end of the year.
Uber said its hail business had its best month since March last year, with an annualized execution rate of $ 30 billion, while its delivery business exceeded an annualized execution rate of $ 52 billion in March, an increase of 150% over the same period last year .
4. Seal jeweler SIG | Plus 3.1%
Stocks of Signet Jewelers ((SIG) – Get the report continued to rise after the jeweler raised its first-quarter revenue forecast from a previously estimated $ 1.42 billion to $ 1.46 billion to $ 1.57-1.6 billion.
For the full year, Signet expects sales between $ 6 billion and $ 6.14 billion, up from the previously estimated $ 5.85 billion to $ 6 billion.
Both revised estimates exceeded Wall Street’s expectations.
5. Aphria APHA | 8.2% decrease
Aphria shares ((EXACTLY HERE) – Get the report declined after the cannabis company posted a higher-than-expected loss and lower-than-expected revenue in the third quarter, driven by lower demand as a result of the coronavirus pandemic.
For the quarter ended February 28, the company recorded a net loss of $ 366.8 million ($ 292.7 million), or $ 1.14 per share, from net income of $ 5 million, or $ 0.02 per share in the year. before period.