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Beyond Meat, Moderna Rise Premarket; Li Auto Falls

Stock MarketsApr 07, 2021 08:00AM ET
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© Reuters

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 7th. Please refresh for updates.

  • Beyond Meat (NASDAQ:BYND) stock rose 2% after the plant-based food company announced the opening of a new manufacturing facility in China, its first outside the United States, which should increase its ability to deliver products in the region. 

  • Qiagen (NYSE:QGEN) stock rose 1.5% after the biotech firm announced the launch of a new ultra-fast sequencing solution that shortens the time needed for researchers to identify Covid-19 variants.

  • Li Auto (NASDAQ:LI) stock fell 4.2% after the electric vehicle manufacturer announced a $750 million convertible senior note offering, to be used to fund research and development. 

  • Maxeon Solar Technologies (NASDAQ:MAXN) stock fell 5.6% after the solar panel manufacturer issued weaker-than-expected first-quarter revenue guidance.

  • Moderna (NASDAQ:MRNA) stock rose 0.7% as the U.K. started using the drug maker’s Covid-19 vaccine earlier Wednesday. The company also stated that deliveries of its vaccine are on track to meet the number of doses it promised to the European Union.

  • Genworth Financial (NYSE:GNW) stock fell 1.7% after the insurance company terminated a merger agreement with China-based Oceanwide after four years of delays.

  • Royal Dutch Shell (LON:RDSa) ADR rose 0.3% even after the oil giant announced it expects to take a $200 million hit to first-quarter earnings from the extreme winter weather in the southern states earlier this year.

  • Nokia (NYSE:NOK) ADR rose 1.3% after the Finnish telecom equipment maker maker announced it has settled a long-standing patent dispute with computer maker Lenovo, and would receive a payment from the Chinese company, the world's biggest PC maker. 

 

Beyond Meat, Moderna Rise Premarket; Li Auto Falls
 

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Comments (4)
Haider Abbas
Haider Abbas Apr 07, 2021 10:07AM ET
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Need advice on Canadian penny stocks to buy
Resdelyn Geniston Dalagonan
Resdelyn Geniston Dalagonan Apr 07, 2021 9:08AM ET
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I need help
Resdelyn Geniston Dalagonan
Resdelyn Geniston Dalagonan Apr 07, 2021 9:07AM ET
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Jhomary Agawa Apr 07, 2021 9:06AM ET
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I need help
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Resdelyn Geniston Dalagonan Apr 07, 2021 9:06AM ET
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for what
 
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