US Premarket: Boeing, Alibaba, Nio and other stocks making biggest moves
- Boeing's defense workers will vote on a new proposed labor agreement on Wednesday
- Nio said it will open its first overseas plant in Europe in September
- Check Point Software reported better-than-expected quarterly results
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.
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.
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.
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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.
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
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.
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.