US Premarket: Tesla, Vodafone, Box and other stocks making biggest moves

Tesla (TSLA)

Tesla slipped 5.7% in premarket trading after announcing
deliveries of more than 343,000 vehicles during the third quarter. That number
was a record high for Tesla and up 42% from a year ago, but below forecasts.

Vodafone (VOD)

Shares of the telecom major jumped 3.2% in premarket action
after Vodafone jumped a Sky news report that merger talks between Vodafone and
UK rival Three UK have accelerated.

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Box (BOX)

Box gained 3.7% in premarket trading after Morgan Stanley
upgraded the cloud computing company’s stock to “overweight” from
“equal-weight,” citing strong execution and a favorable competitive landscape.

Credit Suisse (CS)

Credit Suisse fell 6.1% in premarket trading after the bank
sought to calm the fears of investors and clients about its financial health
over the weekend in a series of phone calls.

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Myovant Sciences (MYOV)

Myovant gained 31.3% in the premarket after the
biopharmaceutical company rejected a bid by its largest shareholder, Sumitovant
Biopharma, to buy the shares it doesn’t already own for $22.75 per share.
Myovant said the offer significantly undervalues the company.

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Robinhood Markets (HOOD)

Robinhood slipped 1% in premarket trading after announcing
it was closing five additional offices, on top of closures announced in August
as part of a restructuring. The newly announced closures for the trading
platform operator will result in charges of around $45 million.

ViaSat (VSAT)

ViaSat jumped 5.9% in premarket action after the Wall
Street Journal reported that the satellite company was close to a deal to sell
a military communications unit to defense contractor L3Harris Technologies
(LHX) for nearly $2 billion.

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Stanley Black & Decker (SWK)

The tool maker has eliminated nearly 1,000 finance-related
jobs, according to a report by The Wall Street Journal. Stanley Black &
Decker is aiming to cut about $200 million in expenses as it deals with higher
costs and slowing demand.

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Freshpet (FRPT)

Shares of the pet food company added 2.3% in the premarket
after Barron’s reported that Freshpet hired bankers to explore a possible sale.