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FireEye, BioNTech Rise Premarket; Coty, Marriott Fall

Stock MarketsMay 10, 2021 08:01AM ET
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By Peter Nurse -- Stocks in focus in premarket trade on Monday, May 10th. Please refresh for updates.

  • FireEye (NASDAQ:FEYE) stock rose 4.4%, SolarWinds (NYSE:SWI) stock rose 1.5% while shares in Palo Alto Networks (NYSE:PANW) and Crowdstrike (NASDAQ:CRWD) were both up around 1% with cybersecurity firms in demand following the ransomware attack on Colonial Pipeline.

  • Coty (NYSE:COTY) stock fell 4.1% after the cosmetics company reported a drop in third-quarter revenue of 3.3%, as sales of its beauty products were pressured by Covid-19 lockdowns.

  • Marriott International (NASDAQ:MAR) stock fell 2.4% after the hotel chain posted a quarterly loss, as a pandemic-driven collapse in travel resulted in fewer bookings.

  • Johnson & Johnson (NYSE:JNJ) stock rose 0.3% after Germany announced it will make the drugmaker’s Covid-19 vaccine available to all adults.

  • BioNTech (NASDAQ:BNTX) stock rose 8.7% after the German vaccine developer beat estimates on both the top and bottom lines for the first quarter,  and also announced it was building a production site in Singapore, to help the global supply of its mRNA-based Covid-19 vaccine.

  • Eli Lilly (NYSE:LLY) stock fell 0.2% after the drugmaker announced it has signed licensing agreements with three Indian generic drugmakers to expand the availability of its arthritis drug baricitinib for treating Covid-19 patients.

  • Ford (NYSE:F) stock fell 0.3% after the auto giant announced it was recalling 661,000 Explorer sport utility vehicles in North America at the request of U.S. regulators over worries of its roof rail covers.

  • Tyson Foods (NYSE:TSN) stock rose 0.9% after the meat processor beat second-quarter revenue estimates, benefiting from strong demand for its chicken products from reopened restaurants and hotels across the country.

  • Tesla (NASDAQ:TSLA) stock fell 0.8% after the electric car manufacturer raised the price of its Model 3 sedan in China from Saturday, citing cost fluctuations.

  • Live Nation Entertainment (NYSE:LYV) stock rose 1.9% after Jefferies (NYSE:JEF) upgraded its investment stance on the entertainment tickets operator to ‘buy’ from ‘neutral’, saying it was poised to have a strong performance in 2022 as the public flock back to concerts.

  • Oracle (NYSE:ORCL) stock fell 0.9% after Barclays (LON:BARC) downgraded its stance on the software company to ‘equal weight’ from ‘overweight’, saying the stock’s comeback has gone far enough.


FireEye, BioNTech Rise Premarket; Coty, Marriott Fall

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Es Ekramul
Es Ekramul May 10, 2021 9:31AM ET
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