Premarket Movers Wednesday – Square, PRA Health, Snap
Stock futures traded higher on Wednesday after the S&P 500 rose for the first time in six sessions after the Federal Reserve pledged to continue to support the US economy.
Here are some of the top movers during Wednesday premarket trading.
1st square SQ | 3.1% decrease
Shares of Square (SQ) – Get the report slipped after the digital payments company bought $ 170 million worth of Bitcoin as an “ongoing commitment” to the world’s largest cryptocurrency.
2. PRA Health PRAH | Plus 20%
Stocks of PRA Health Sciences (DUST) – Get the report It rose after drug and medical device maker ICON agreed to buy the company for $ 12 billion.
3. Oshkosh OSK | Plus 7.2%
Shares of Oshkosh (OSK) – Get the report After the U.S. Postal Service announced that it had chosen Oshkosh Defense to build its next-generation mail delivery vehicle and switched part of its huge fleet to electric vehicles. The initial investment for the deal is $ 482 million.
4. McAfee MCFE | Plus 10%
McAfee stocks (MCFE) – Get the report rose after the cybersecurity provider reported profits after Tuesday’s closing bell and, following a recent reorganization, targeted $ 50 million in cost savings over the next 12 months.
5. Snap SNAP | Plus 3%
Snap SNAP stocks rose after Keybanc analysts raised their target price on the stock from $ 63 to $ 87. In an investor presentation on Tuesday, Snapchat’s parent company said it was able to achieve multi-year sales growth of more than 50% with its self-service advertising platform.