Shares of the data analytics company plunged 15.6% in the
premarket after it reported an unexpected quarterly loss, and lowered its
full-year forecast due to the uncertain timing of some government contracts.
Signify Health (SGFY)
The stock price surged 16.7% in premarket action as CVS
Health is planning a bid for Signify in an effort to expand in-home health
services, according to The Wall Street Journal report. The paper had reported
last week that Signify was exploring strategic alternatives including a sale.
Shares of the tax software provider fell 4% in the
premarket after it agreed to be acquired by private-equity firm Vista Partners
for $8.4 billion, including debt or $93.50 per share. However, the stock had
risen 30% since reports of a potential deal first surfaced in early July.
Baidu gained 1.2% in premarket trading after the China-based search engine company received approval to operate driverless taxi services in two Chinese cities, the first such approvals in the country.
First Solar (FSLR)
The solar company’s stock gained 4.2% in the premarket
after it was upgraded to “buy” at Guggenheim and to “overweight” at JP Morgan
Securities, with both saying First Solar is among those poised to benefit most
from the Senate-passed Inflation Reduction Act.
Global Blood Therapeutics (GBT)
The stock gained 4.2% in premarket trading as Pfizer (PFE)
will acquire the blood disorder treatments maker for $5.54 billion or $68.50
per share in cash. Global Blood shares surged 88% over the past two sessions
following reports that a deal was about to close.
Tyson Foods (TSN)
Shares of the beef and poultry producer surged 2.5% in the
premarket after it reported a quarterly profit of $1.94 per share, 4 cents per
share shy of estimates. However, revenue exceeded forecasts as beef demand
remained high. Chicken volume fell 2.1% but Tyson said that business continues
Barrick Gold (GOLD)
The mining company’s stock gained 3.2% in premarket action
after reporting better-than-expected quarterly results, on the back of higher