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AstraZeneca, ViacomCBS Fall Premarket; GameStop Edges Higher

Published 03/23/2021, 08:02 AM
Updated 03/23/2021, 08:03 AM
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, March 23rd. Please refresh for updates.

  • AstraZeneca (NASDAQ:AZN) ADR fell 2.2% after a U.S. health agency cast doubt about the positive results from the large-scale U.S. trial of the drugmaker’s Covid-19 vaccine, saying it may have used "outdated information." This could delay or even halt its potential U.S. rollout.

  • Boeing (NYSE:BA) stock fell 0.9% after the airplane maker said it had entered into a $5.28 billion, two-year revolving credit agreement, implying it will have to contend with a prolonged slowdown in commercial air travel.

  • ViacomCBS (NASDAQ:VIAC) stock fell 5% after the media giant announced it will sell $3 billion in total of its stock, using some of the proceeds to invest in its streaming services.

  • Raven (NASDAQ:RAVN) stock fell 8.5% after the agriculture technology company reported weaker-than-expected fiscal fourth-quarter results. 

  • Quantumscape (NYSE:QS) stock fell 7.1% after a SEC filing showed the electric vehicle battery manufacturer will sell up to 13 million shares of Class A common stock.

  • Pfizer (NYSE:PFE) stock fell 0.2% after the Wall Street Journal reported that the drugmaker plans to tap the mRNA technology to make new vaccines for other viruses following the success of its Covid-19 shot.

  • Facebook (NASDAQ:FB) stock fell 0.2% following the news that the media watchdog Reporters Without Borders has filed a lawsuit against the social media giant in France over hate speech and false information.

  • Tencent Music (NYSE:TME) stock fell 4.6% after the music streaming service reported quarterly results that came in slightly below forecasts. It also announced Tuesday that it has formed a new joint label with Warner Music Group, following on from earlier deals with Universal Music and Sony (NYSE:SNE) Music.

  • GameStop (NYSE:GME) stock rose 0.2% after the games retailer announced the departure of chief customer officer Frank Hamlin, pointing to a hefty shakeup by its new biggest shareholder, Chewy (NYSE:CHWY) co-founder Ryan Cohen. The company’s quarterly results are due after the close.

  • Discovery (NASDAQ:DISCA) stock fell 3.4% after UBS downgraded its investment stance on the media company to ‘sell’ from ‘neutral’, citing the stock’s hefty valuation.

  • Sunrun (NASDAQ:RUN) stock rose 4% after Goldman Sachs (NYSE:GS) upgraded its stance on the solar power company to ‘buy’ from ‘neutral’, citing its accelerating growth.

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Latest comments

My American friends, now you will feel in your skin what the Latins are going through with communist leftist governments. USA will gnaw on destruction of values and income. The softness of low prices is over, Bidem has already announced the biggest tax increase in the history of the USA. Now we are going to see Americans leaving the USA and fleeing to other countries. Hahahaha
Gustavo is correct. disgraceful what they are doing
rich wants free gov stuff and won't pay taxes to govt... how to do all that ...they over borrow on everything now it's due but still don't want to pay ..gov heading for bankruptcy
Why 0.2% increases are in the list lol
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