Check out some of the largest moving companies on the pre-market:
Novavax (NVAX) – Novavax received $ 1.6 billion from Operation Warp Speed, the government's program to accelerate the development and delivery of a Covid-19 vaccine. The money will be used to complete late-stage studies, build large-scale manufacturing, and deliver 100 million cans by the end of 2020.
Regeneron (REGN) – The drug company also received Operation Warp Speed funding and received $ 450 million for the development and production of its antiviral Covid-19 antibody cocktail. The company said the first cans could be ready by the summer.
Quest Diagnostics (DGX) – The operator of the medical laboratory announced that the processing time for Covid-19 test results for non-priority patients has increased to four to six days as the demand for molecular diagnostic tests continues to increase.
Humana (HUM), Walgreens (WBA), McKesson (MCK) – These companies are involved in an advertising campaign that encourages people to return to doctor's appointments to alleviate fear of exposure to the coronavirus from a doctor's visit.
Vivint Solar (VSLR) – Vivint agreed to be purchased by the solar installer Sunrun (RUN) for $ 1.46 billion in stock. Vivint Solar shareholders will receive 0.55 Sunrun shares for every share they now hold, which corresponds to a premium of 10.4%. The majority of Vivint is owned by Blackstone (BX).
Occidental Petroleum (OXY) – The state of Wyoming, upon approval by the State Loan and Investment Board of Wyoming, offers properties and minerals owned by Occidental. Occidental sells assets to reduce debt that arose from the $ 38 billion acquisition of Anadarko Petroleum last year.
Sirius XM (SIRI) – Sirius XM is about to buy the podcasting unit Stitcher from E.W. Scripps (SSP) said the people familiar with the matter who spoke to the Wall Street Journal. The satellite operator was said to pay around $ 300 million for stitcher.
Square (SQ) – Square stays up to date after a record high on Monday. The shares of the mobile payment company more than tripled compared to the March low. The pandemic has prompted more consumers to use Square's payment options.
Nvidia (NVDA) – Bank of America Securities raised its price target for the graphics chip maker’s stock from $ 420 a share to a street high of $ 460 a share, indicating a robust gaming market ahead of the launch of new consoles from Microsoft (MSFT) and Sony (SNE).
CBOE Holdings (CBOE) – Piper Sandler downgraded CBOE from "overweight" to "neutral". This was done according to the exchange operator's report on the trading volume in June.
Tesla (TSLA) – The automaker's stock is being monitored on Monday after a fourth record in a row. Tesla has increased nearly 43% in the past five sessions.
Red Rock Resorts (RRR) – Red Rock said company president Richard Haskins died in a watercraft accident last weekend. The Las Vegas casino operator said he will announce a succession plan in the coming days.
Teladoc Health (TDOC) – The Stephens stock was rated "overweight" in the new reporting. Despite an increase of more than 150% this year, the rating is still attractive. Stephens bases his demand on a large and still growing market for remote medical video visits.
Endo International (ENDP) – The Food and Drug Administration has approved Endo's Qwo treatment for moderate to severe cellulite in adult women. Endo said Qwo is the first injectable treatment for cellulite to receive FDA approval.