Take a look at some of the biggest pre-market movers:
AutoZone (AZO) – AutoZone gained 3.9% in premarket stock after the auto parts retailer reported better-than-expected earnings and revenue for its latest quarter. AutoZone’s same-store sales rose 6.2% from a year ago, double what analysts had expected amid continued strength in its business operations.
Take-Two Interactive (TTWO) – Shares of Take-Two fell 5.8% in the pre-market after Bloomberg reported that a hacker had released gameplay for its upcoming Grand Theft Auto IV game online . This is said to be one of the biggest leaks in video game history.
bluebird bio (BLUE) – bluebird bio rose 7.3% in premarket trading after the Food and Drug Administration approved the company’s gene therapy for a rare and fatal brain disease in children.
Wix (WIX) – Shares of Wix jumped 4.5% in premarket action after activist investor Starboard Value disclosed a 9% stake in the web development platform company.
Coinbase (COIN) – Coinbase fell 5% pre-market as multi-month lows for cryptocurrencies weigh on sentiment in the crypto exchange and other crypto-related stocks. MicroStrategy (MSTR) – the business analytics firm that has billions of bitcoins on its balance sheet – also fell 4.9%.
FedEx (FDX) – FedEx remains under scrutiny after plunging 21.4% in Friday trading following a profit warning, its biggest single-day drop on record.
NCR (NCR) – NCR slid another 1.3% pre-market on top of a 20.3% drop on Friday after Morgan Stanley downgraded the stock from “equal weight” to “overweight”. Friday’s decline followed news of NCR’s split into two separate companies, and Morgan Stanley said any value release from the move could take a long time to materialize.
Adobe (ADBE) – Wells Fargo downgraded shares of the software company to “equal weight” from “overweight”, saying Adobe’s planned acquisition of online design company Figma is a good product, but the price of $20 billion leaves little room for error. Adobe fell 1.3% in premarket trading after falling 16.8% last Thursday and another 3.1% on Friday.
Theravance Biopharma (TBPH) – Theravance has launched a $250 million share buyback program. As part of this program, it will buy back the 9.6 million shares held by the pharmaceutical company GSK (GSK). Theravance added 3.2% in pre-marketing.