Take a look at the companies generating attention in premarket trading.
Nike: The athletic retailer experienced a significant downturn of 12.1% in its shares as it reduced its sales guidance and revealed intentions to cut costs by approximately $2 billion over the next three years.
Bristol Myers Squibb, Karuna Therapeutics: Bristol Myers Squibb saw a minor decline of 1% in its shares following the announcement of its agreement to acquire Karuna Therapeutics for $14 billion, equal to $330 per share.
NetEase, BiliBili: The U.S.-listed shares of Chinese internet companies witnessed a decline after China released draft guidelines aimed at addressing incentives that can promote excessive gaming.
Rocket Lab: Shares of Rocket Lab soared 12.6% during premarket trading on Friday after the space company disclosed a partnership agreement with a U.S. government customer to design, manufacture, and manage 18 vehicles.
Coinbase: The stock of the cryptocurrency exchange, Coinbase, experienced a 1.3% increase as a response to an optimistic call from investment bank JMP.
Source (CNBC)
