Netgear (NTGR)

The networking equipment maker’s shares plunged 10.6% in
premarket trading after the company reported lower-than-expected preliminary
results for the quarter ended April 3. Netgear also lowered its current-quarter
revenue forecast, citing a weak US market for WiFi equipment. 

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Acadia Pharmaceuticals (ACAD)

The pharma stock slipped 7.7% in the premarket after Acadia said its experimental drug to treat post-operative pain did not meet its primary goal in a Phase 2 study.

Plug Power (PLUG)

Plug Power rose 6.6% in premarket action after the hydrogen fuel cell company announced an agreement to supply liquid green hydrogen to Walmart (WMT).

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Zendesk (ZEN)

Zendesk surged 6.1% in premarket after a Bloomberg report
showed that the customer service software developer is looking for a possible
sale. Reportedly, Zendesk has hired adviser Qatalyst Partners to assist in the
process.

American Campus Communities (ACC)

American Campus Communities jumped 12.9% in premarket trading after the student housing real estate investment trust agreed to be bought by Blackstone (BX) in a deal worth $12.8 billion, including debt.

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WeWork (WE)

WeWork rallied 5.4% in the premarket action after Piper
Sandler rated the office-sharing company’s stock as “overweight” in new
coverage. The firm cited confidence in WeWork’s route to profitability and how
well the flexible office model suits a post-Covid world.

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Travelers (TRV)

Travelers’ shares swung between gains and losses in
premarket trading after the insurance company beat estimates on the top and
bottom lines for its latest quarter. Travelers earned $4.22 per share compared
to the $3.57 a share consensus forecast, helped by lower catastrophe losses.
The company also announced a 5.7% dividend increase.

Halliburton (HAL)

Halliburton slid 2.7% in premarket trading even after
beating estimates for its latest quarter. Halliburton earned 35 cents per share,
a penny a share higher than estimates as demand for oilfield services equipment
remained high.

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JB Hunt Transport (JBHT)

JB Hunt added 1.5% in
premarket trading after it reported a quarterly profit of $2.29 per share,
passing the $1.94 a share consensus forecast. Revenue also beat Street
forecasts.