Sailpoint Technologies (SAIL)

The cyber security firm’s stock surged 29.5% in premarket
action after it approved the acquisition by private-equity company Thoma Bravo
for $6.9 billion or $65.25 per share.

Twitter (TWTR)

Shares of Twitter slipped 1.5% in the premarket trading
after the announcement that Elon Musk will not be part of Twitter’s board. Last
week, Musk disclosed a 9.2% stake in the social media giant, followed by the
news that he would be joining the board. 

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Nio (NIO)

The China-based electric carmaker’s stock dipped 8.4% in
premarket action after it halted production due to Covid-19 related supply
chain disruptions

Veru (VERU)

The pharmaceutical company’s shares rose 24.8% after it
reported “overwhelming” evidence of efficacy for its experimental drug for
treating hospitalized Covid-19 patients. It will approach the Food and Drug
Administration to seek emergency approval for the treatment.

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Nvidia (NVDA)

The chipmaker’s stock lost 3% in the premarket after the
announcement that it would seek shareholder approval to double the number of
authorized shares. Nvidia would be able to take action like stock splits and
equity incentive issuances without asking for shareholder approval again.

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AT&T (T)

Following the spin-off of WarnerMedia to Discovery
Communications late Friday, AT&T surged 1.9% in premarket trading on
Saturday. The new Warner Brothers Discovery (WBD) begins trading under its new
name and ticker symbol today. Warner Brothers Discovery was also named a
“top pick” by Deutsche Bank due to its quality entertainment content.

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Shopify (SHOP)

The e-commerce company’s shared surged 1.1% in the
premarket trading after it proposed a 10-for-1 stock split and the creation of
a new “founder share” that would increase CEO Tobi Lutke’s voting power to 40%
from the current 34%.

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JetBlue (JBLU)

JetBlue added 1% in premarket trading. The airline is
cutting back its summer schedule in an effort to avoid flight disruptions,
while working to ramp up hiring.