Take a look at some of the biggest drivers in the premarket:
Walgreens (WBA) – Walgreens shares rose 2.8% pre-market after the drugstore operator reported quarterly profit of $ 1.51 per share, beating the consensus estimate of $ 1.17 per share. Revenue also exceeded expectations, helped by a rebound in prescription volumes. The company has also raised its annual forecast.
Didi (DIDI) – Didi will be added to the FTSE global stock indices starting July 8, following the Chinese rideshare company’s initial public offering in the United States and its debut on Wall Street on Wednesday. Did jumped 6.9% in pre-release.
CureVac (CVAC) – The German drugmaker said a final analysis of the study showed its Covid-19 vaccine to be 48% effective, little change from the initial assessment of 47% ago at two weeks. Shares plunged 12.6% in the pre-market.
McCormick (MKC) – McCormick broke estimates of 7 cents per share, with quarterly earnings of 69 cents per share. The condiment and spice maker also posted better-than-expected revenues and increased its guidance for the full year, helped by strong domestic demand and a rebound in the company’s business activities. McCormick gained 1.3% in pre-market trading.
Atotech (ATC) – The specialty chemicals company has agreed to be acquired by industrial solutions company MKS Instruments (MKSI) in a $ 5.1 billion cash and stock deal. Atotech was initially higher on the news, but then fell 1% in the pre-market share.
Micron Technology (MU) – Micron broke estimates by 16 cents per share, with quarterly earnings of $ 1.88 per share. The chipmaker’s earnings are also beating Wall Street forecasts. Micron also gave optimistic forecasts for the current quarter, with a shortage of chips and strong demand keeping prices high. Separately, Micron sold a Utah semiconductor plant to Texas Instruments (TXN) for $ 900 million in cash. Micron fell 2.3% in pre-market.
Boeing (BA) – Boeing has appointed Brian West as CFO, replacing Greg Smith, who is retiring. West is a former General Electric (GE) executive who was until recently CFO of financial information provider Refinitiv.
GlaxoSmithKline (GSK) – Activist investor Elliott has confirmed that it has taken a significant stake in GlaxoSmithKline and has urged the drugmaker to consider selling its consumer healthcare business.
Pacific Gas & Electric (PCG) – PG&E is asking California regulators to raise tariffs by $ 3.8 billion to fund improvements that would strengthen prevention against deadly fires. Investigators blamed utility equipment for starting some of the state’s most destructive fires in recent years.
Nio (NIO), XPeng (XPEV) – China-based electric vehicle manufacturers have both increased in pre-market trading after releasing their latest delivery figures. Nio delivered 8,083 electric vehicles in June, up 116% from the previous year, while XPeng delivered 6,565 vehicles, a more than seven-fold increase. Nio jumped 3.2% in pre -marketing, while XPeng grew 4.7%.