<a href="https://opoyi.com/topic/novavax">Novavax</a> tanked 23% in premarket action after the vaccine
maker missed both top and bottom-line targets for its recent quarter. This miss
comes as Novavax delivered just 31 million Covid-19 vaccine doses during the
quarter, putting it well off the pace of its projected 2 billion shots for
2022. However, Novavax reiterated its previous 2022 revenue forecast saying it
expected vaccine sales to accelerate during the current quarter.

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Peloton shares trembled 25.8% in the premarket after the fitness equipment maker posted a wider-than-expected quarterly loss and projected current-quarter revenue below estimates due to declining demand.

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Shares of Vroom surged 38% in premarket trading after the
online used-vehicle seller posted a narrower than expected quarterly loss and
revenue that beat analyst estimates. Vroom also said that chief operating
officer Thomas Shortt would become CEO, replacing Paul Hennessey and unveiled a
restructuring that will eliminate about 270 jobs.

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The migraine drugmaker’s shares surged 72% in premarket
after it agreed to be bought by Pfizer (PFE) in a deal worth $11.6 billion.
Biohaven shareholders will receive $148.50 per share in cash, plus half a share
in a new publicly-traded company that will hold some of the Biohaven drugs
still in development. Pizer fell 1.4% after the announcement.

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The food services company’s share jumped 2.3% in the
premarket after news that it would separate its uniform services unit into a
separate company. Separately, Aramark reported a quarterly profit in line with
estimates, with revenue beating consensus.

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Upstart plunged 51.2% in the premarket
despite reporting better-than-expected quarterly results. The fall comes as the
AI-powered lending platform operator slashed its outlook citing the current
macroeconomic environment is likely to negatively impact loan volume.

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<a href="https://opoyi.com/topic/amc">AMC</a> surged 6.8% in the
premarket trading after reporting a smaller than expected quarterly loss as
well as revenue that beat analyst estimates. AMC was helped by the release of
popular big-budget movies like “The Batman,” and noted a jump in per-patron
revenue above pre-pandemic levels.

Devanshu Singla

Novavax (NVAX),Novavax tanked 23% in premarket action after the vaccine maker missed both top and bottom-line targets for its recent quarter. This miss comes as Novavax delivered just 31 million Covid-19 vaccine doses during the quarter, putting it well off the pace of its projected 2 billion shots for 2022. However, Novavax reiterated its previous 2022 revenue forecast saying it expected vaccine sales to accelerate during the current quarter. Also Read | Why Finland and Sweden's inclusion in NATO is bad news for Russia,Peloton (PTON),Peloton shares trembled 25.8% in the premarket after the fitness equipment maker posted a wider-than-expected quarterly loss and projected current-quarter revenue below estimates due to declining demand. Also Read | How Donald Trump's interaction with January 6 committee could unfold,Vroom (VRM),Shares of Vroom surged 38% in premarket trading after the online used-vehicle seller posted a narrower than expected quarterly loss and revenue that beat analyst estimates. Vroom also said that chief operating officer Thomas Shortt would become CEO, replacing Paul Hennessey and unveiled a restructuring that will eliminate about 270 jobs. Also Read | Why is South Korea making ‘audacious’ plans to help North Korean economy?,Biohaven Pharmaceutical (BHVN),The migraine drugmaker’s shares surged 72% in premarket after it agreed to be bought by Pfizer (PFE) in a deal worth $11.6 billion. Biohaven shareholders will receive $148.50 per share in cash, plus half a share in a new publicly-traded company that will hold some of the Biohaven drugs still in development. Pizer fell 1.4% after the announcement. Also Read | Why is the baby formula shortage in US worsening? Explained,Aramark (ARMK),The food services company’s share jumped 2.3% in the premarket after news that it would separate its uniform services unit into a separate company. Separately, Aramark reported a quarterly profit in line with estimates, with revenue beating consensus. Also Read | The big short: Is Elon Musk going to renegotiate Twitter deal?,Upstart (UPST),Upstart plunged 51.2% in the premarket despite reporting better-than-expected quarterly results. The fall comes as the AI-powered lending platform operator slashed its outlook citing the current macroeconomic environment is likely to negatively impact loan volume. Also Read | US Democrats aim to boost Biden's Ukraine aid to nearly $40 billion,AMC Entertainment (AMC),AMC surged 6.8% in the premarket trading after reporting a smaller than expected quarterly loss as well as revenue that beat analyst estimates. AMC was helped by the release of popular big-budget movies like “The Batman,” and noted a jump in per-patron revenue above pre-pandemic levels.

<ul>
  <li>Peloton shares trembled 25.8% in the premarket</li>
  <li>Novavax missed both top and bottom-line targets for its recent quarter</li>
  <li>Shares of Vroom surged 38% in premarket trading</li>
</ul>

Peloton shares trembled 25.8% in the premarket. Novavax missed both top and bottom-line targets for its recent quarter. Shares of Vroom surged 38% in premarket trading.

US Premarket: Peloton, Novavax and other stocks making biggest moves

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