US Premarket: Boeing, Alibaba, Nio and other stocks making biggest moves

Boeing (BA)

Boeing shares jumped 5.4% in the premarket as the company’s
defense workers will vote on a new proposed labor agreement on Wednesday,
averting – for now – a strike that could have begun today. According to CNBC,
the Federal Aviation Administration has approved inspection protocol revisions
that should allow the jet maker to resume deliveries of its 787 Dreamliner.

Also Read | Nancy Pelosi likely to visit Taiwan despite warnings: Reports

Alibaba (BABA)

Alibaba added 1.6% in premarket action after saying it intended to work to keep its New York Stock Exchange listing. The Chinese e-commerce major is on a list of companies that could be removed for not meeting auditing requirements.

Also Read | US primaries: All you need to know about Michigan elections

Global Payments (GPN)

Global Payments added 1.6% in the premarket after the payments technology company reported better-than-expected second-quarter profit and revenue. It also announced the acquisition of rival fintech company EVO Payments (EVOP) for $34 per share or $4 billion in cash.

Also Read | A brief history of the China-Taiwan conflict

Nio (NIO)

The China-based electric car maker’s shares rallied 3% in
the premarket after the announcement that it will open its first overseas plant
in Europe in September. The plant will be located in Hungary and will make
power products for the European market.

Also Read | US Stock Market: DJIA, S&P500, Nasdaq and Russell ended in green on Friday

Check Point Software (CHKP)

The stock fell 4.7% in premarket trading after the company
reported better-than-expected revenue and profit for its latest quarter, on the
back of a surge in demand for its cybersecurity products amid a worldwide
increase in cyberattacks

Also Read | Chinese rocket debris reenter atmosphere over Indian Ocean: All you need to know

PerkinElmer (PKI)

Shares of the diagnostics and life sciences company rose
1.4% in premarket trading after announcing plans to sell several non-core units
to private-equity firm New Mountain Capital for $2.45 billion in cash. In
addition, Perkin Elmer posted better-than-expected sales and profit for the
second quarter.

Also Read | Mega Millions jackpot: Illinois person gets lucky, wins $1.34 billion

Valvoline (VVV)

Shares of the automotive products company gained 2.4% after
it announced the sale of its global products business to Saudi Aramco for $2.65
billion in cash.