Take a look at some of the biggest pre-market movers:
Palantir (PLTR) – The data analytics company’s stock plunged 15.6% in premarket trading after announcing an unexpected quarterly loss and lowering its full-year forecast due to the uncertain timing of certain government contracts.
Signify Health (SGFY) – CVS Health (CVS) is planning a bid for Signify to expand home health services, according to people familiar with the matter who spoke to The Wall Street Journal. The newspaper had reported last week that Signify was exploring strategic alternatives, including a sale. Its stock jumped 16.7% premarket.
Global Blood Therapeutics (GBT) – The maker of blood disorder treatments will be bought by Pfizer (PFE) for $5.4 billion, or $68.50 per share in cash. Shares of Global Blood soared 88% in the past two sessions on reports that a deal was close, and gained a further 4.2% pre-market.
Tyson Foods (TSN) – The beef and poultry producer reported quarterly earnings of $1.94 per share, 4 cents per share below estimates. Revenues exceeded forecasts, however, as demand for beef remained high. Chicken volume fell 2.1%, but Tyson said business continued to improve. Tyson shares slid 2.5% in premarket trading.
Barrick Gold (OR) – Shares of the mining company added 3.2% in premarket trading after better-than-expected quarterly results, helped by higher copper production.
Baidu (BIDU) – The China-based search engine company has been granted permission to operate driverless taxi services in two Chinese cities, the first such permissions in the country. Baidu added 1.2% in premarket action.
First Solar (FSLR) – The solar company has been upgraded to “buy” Guggenheim and “overweight” JP Morgan Securities, with both saying First Solar is among those poised to benefit the most from the law on the reduction of inflation adopted by the Senate. First Solar gained 4.2% in premarket shares, with other solar stocks also rallying.
Emerson Electric (EMR) – The manufacturing company is selling its InSinkErator waste disposal business to appliance maker Whirlpool (WHR) for $3 billion.
Avalara (AVLR) – The tax software provider has agreed to be acquired by private equity firm Vista Partners for $8.4 billion including debt, or $93.50 per share. Avalara fell 4% in premarket but has risen 30% since reports of a potential deal surfaced in early July.