Business

Zillow, Revance Therapeutics, Albertsons, etc.

Let’s take a look at some of the biggest movers in the premarket:

Zillow (Z) – Zillow fell 6.4% in pre-market transactions following Bloomberg’s report of a temporary suspension of home buying services due to overwhelming demand.

Revance Therapeutics (RVNC) – Revance’s share price plummeted 33.2% pre-marketing after the Food and Drug Administration refused to approve facial line injections, pointing out post-inspection flaws in the FDA’s manufacturing facility. The company said no other concerns were raised in the FDA’s response. This treatment is considered to have the potential to compete with the best-selling treatment Botox.

Walt Disney (DIS) – Disney lost 1.8% in the premarket after Barclays downgraded inventory from “overweight” to “equal weight.” This is due to concerns that the growth of Disney + Streaming Services will slow significantly.

Albertsons (ACI) – Supermarket operators earned 64 cents per share in the last quarter, surpassing the consensus estimate of 45 cents per share. Revenues also exceeded Wall Street’s expectations. Albertsons increased its quarterly dividend by 20% to 12 cents per share. Its share surged 3.6% in pre-market action.

Netflix (NFLX) -According to an internal document viewed by Bloomberg, Netflix estimates the hit series “Squid Game” to be worth about $ 900 million. The production cost of this series is only $ 21.4 million.

Philips (PHG) – Philips reported lower-than-expected sales in the third quarter, and a Dutch medical technology firm lowered its full-year sales and profit outlook. Philips has been hit hard by ventilator recalls and a global shortage of electronic components. Its share fell 2.1% in the premarket.

Stellantis (STLA) – Stellantis has established a joint venture with South Korean battery manufacturer LG Energy Solution to manufacture batteries and components for the North American market. Batteries are produced at the factories of automakers in the United States, Canada and Mexico. Stellantis shares fell 1% in pre-market transactions.

Goldman Sachs (GS) – Goldman has been approved by Chinese regulators to take full ownership of the local securities sector. Goldman didn’t reveal how much he paid for 49% of the businesses he co-owned since 2004.

Biogen (BIIB) -Pharmaceutical companies said late-stage trials of ALS treatment experiments did not reach key goals, but noted favorable trends in measuring other advances towards the treatment of fatal diseases. .. The strain lost 1% in pre-marketing behavior.

Southwest Airlines (LUV) – Southwest Airlines has requested federal court to refuse efforts to prevent pilots from mandating the Covid vaccine. The pilot union said the Southwest unilaterally changed labor rules without first negotiating.

NetApp (NTAP) – NetApp has been downgraded from “neutral” to “sales” in Goldman Sachs, citing the 2022 IT spending environment. We also lowered the stock price target for cloud computing companies from $ 85 to $ 81 per share. NetApp shares fell 2.2% in pre-market transactions.

Zillow, Revance Therapeutics, Albertsons, etc.

Source link Zillow, Revance Therapeutics, Albertsons, etc.

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