View the businesses garnering attention in the opening hours of trading.
Shares of the British pharmaceutical giant AstraZeneca increased more than 2.7% in premarket trade after the company announced encouraging findings from a trial using its medication Dato-DXd to treat a prevalent kind of breast cancer.
Howell — Shares increased more than 2% following Bernstein’s upgrade of home merchandiser from underperform to market perform. The company reported better margin remarks and sales growth.
Seagen — Before the start of regular trading, the biotech company’s shares increased by over 4% after it released encouraging topline findings from a clinical trial of a treatment for patients with bladder cancer who had not previously received it.
Deere — The maker of tractors saw its stock drop by almost 1% after Canaccord Genuity reduced its rating on the company’s shares from buy to hold. The analyst cited slowing growth for heavy farm equipment and normalising dealer inventories.
Arm Holdings – In premarket trading, the company’s stock increased 1.3%. The stock increased by almost 25% during its first day of trading in the open market, but it is still trading slightly above its $51 IPO price. In a letter on Friday, Susquehanna began to rate the firm as neutral.
Source (CNBC)