US Premarket: Campbell, Thor, Novavax and other stocks making biggest moves

Credit Suisse (CS)

Credit Suisse plunged 6.1% in the premarket after it
warned of a likely second-quarter loss, due to the negative impacts of the
Russia/Ukraine war, monetary tightening and other financial market conditions.
However, the bank did not specify how large such a loss may be.

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Novavax (NVAX)

Novavax jumped 15.7% in premarket action after it won an
endorsement of its COVID-19 vaccine from an FDA advisory panel. The US FDA will
now consider whether or not to approve the vaccine.

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Campbell Soup (CPB)

Shares of food producers surged 3.7% in premarket trading after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also exceeded forecasts, and the company raised its full-year sales outlook. Campbell also maintained its earlier earnings forecast, saying that it now expects core inflation to run hotter than its previous outlook. 

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Thor Industries (THO)

Shares of the recreational vehicle maker surged 6.9% in
premarket action following better-than-expected quarterly results. Thor earned
$6.32 per share, significantly above the consensus estimate of $4.77, amid
strong demand for its products. Thor also said it is seeing improvement in
supply chain issues.

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Moderna (MRNA)

Moderna jumped 1.6% in premarket action after a modified
version of its Covid-19 booster shot showed a stronger immune response than the
company’s original vaccine against the omicron variant. Data will be submitted
to US regulatory authorities in the coming weeks.

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Roku (ROKU)

The video streaming device maker’s shares rallied 8.1% in
the premarket after a Business Insider article outlined talk inside Roku about
possibly being acquired by Netflix (NFLX).

Western Digital (WDC)

Western Digital surged 3.8% in the premarket as the company
said it is reviewing strategic alternatives, including a possible split of its
flash memory and disk drive businesses. Activist investor Elliott Management,
which owns 6% of Western Digital, has been pushing for those changes.

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DocuSign (DOCU)

Shares of the electronic signature technology company
surged 4.6% in the premarket after it announced an expanded global partnership
with Microsoft (MSFT). The deal enhances the integration of DocuSign technology
into Microsoft software applications.