A Boeing 737 MAX 8 sits outside the hangar during a Boeing 737 MAX media tour at the Boeing factory in Renton, Washington.
Matt McKnight | Reuters
Check out the companies that are making headlines in premarket deals.
oak street health – Oak Street Health shares surged 36% after Bloomberg reported that: CVS is exploring options to buy healthcare companies for more than $10 billion. CVS shares fell about 0.5% on the news.
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front line –Shipping shares surged more than 24% in pre-market trading after Frontline announced it would end its merger with Euronav. ‘ said.
cure back – CureVac stock surged 19% after the company announced it planned further patient trials of its Covid-19 and influenza mRNA vaccines. The company also announced that Sanofi veteran Alexander Zehnder will become his CEO in April.
boeing The aerospace giant fell more than 2% after Morgan Stanley downgraded Boeing from overweight to par weight, citing a lack of potential gains from current levels.Morgan Stanley reports “We’re seeing a balanced risk reward as most of the short- and medium-term stock good news has materialized.”
norwegian cruise line – Shares fell 3.3% after Morgan Stanley downgraded the stock from equal weighting to underweight over concerns about how excess capacity could undermine pricing power. Meanwhile, the company upgraded its competitor Royal Carribean, which added 0.3% in premarket, from underweight to equal weight.
coin base – Coinbase shares last traded flat after rising slightly before the market on news that it plans to cut its workforce by 20%. The move marks the second major round of cuts as the company looks to cut costs after entering expansion mode during the bull market.
sotera health – Shares soared more than 58% in the premarket after the company announced that its subsidiary had reached a settlement in more than 870 lawsuits related to exposure to the carcinogen ethylene oxide from its Willowbrook facility. Sotera said he agreed to pay $408 million and that the settlement was not an admission that the emissions caused a safety issue.
bumble — Bumble rose more than 2% after KeyBanc upgraded its dating app stock from sector weight to overweight, noting that “competitive landscape appears stable and economic pressures are easing.” Did.
Virgin Orbit — The company’s stock fell 19% after Virgin Orbit’s satellite, launched from British soil, failed to reach its target orbit. “While we are extremely proud of the many things we have successfully accomplished as part of this mission, we are mindful that we have not been able to provide the launch services our customers deserve,” said CEO Dan Hart. increase.
— CNBC’s Samantha Subin, Alexander Harring, Jessie Pound and Michelle Fox contributed to the report