Take a look at the firms that are grabbing attention in premarket trading.
Nivida — In busy premarket activity, the chipmaker’s stock edged up 0.7%. Following the Wednesday closing bell, Nvidia will release its second-quarter financial results.
The peloton Following the release of quarterly results, the exercise bike firm’s stock price fell more than 27%. Peloton reported an adjusted loss of 68 cents per share on revenue of $642.1 million, compared to analysts’ expectations of a 38-cent loss and $639 million.
Kohl’s — After exceeding forecasts for the second quarter, the stock increased by 2.6%. While analysts surveyed by Refinitiv projected 22 cents per share, the business posted adjusted earnings of 52 cents per share. However, revenue came in slightly below expectations; the company reported $3.68 billion in revenue as opposed to the $3.69 billion expected.
Novavax— Early trading saw a nearly 2% increase in shares. The stock price has increased since the biotech company announced that its brand-new Covid vaccination is effective against the Eris virus type. The stock increased by more than 13% on Tuesday.
After Apellis Pharmaceuticals issued a safety update regarding Syfovre, a medication used to treat a degenerative eye disease, shares of the pharmaceutical business increased by almost 30% in premarket trading.
Source (CNBC)
