Take a look at some of the biggest movers in the premarket:
Uber (UBER) – Uber announced record gross bookings for March, with its ride-hailing business improving 9% month-over-month for its best showing in a year. The company said in a filing that demand is recovering faster than driver availability as vaccines roll out across the country. Shares of the company rose 2.2% in premarket trading.
Nuance Communications (NUAN) – The speech-recognition company is in talks with Microsoft about an acquisition by the tech giant, a person familiar with the discussions told CNBC. A deal could be announced as early as Monday. Shares of Nuance surged 24% in premarket trading.
Alibaba (BABA) – Chinese anti-trust regulators slapped the internet company with a $2.8 billion fine, and investors appear relieved that the company is not facing more serious regulatory issues. U.S.-traded shares of Alibaba rose more than 6% in the premarket.
Match Group (MTCH) – The dating app company received an upgrade to "buy" from "neutral" at BTIG, which said in a note that it was bullish on Match's smaller brands like Hinger and Pairs. Shares of Match rose 1.4% in premarket trading. BTIG also initiated coverage of Bumble (BMBL) with a "buy" rating.
Tesla (TSLA) – Canaccord Genuity upgraded the electric vehicle stock to "buy" from "hold." The firm said in a note that it expects supply constraints around Tesla's battery business to ease in 2022. The stock rose 1.3% in premarket action.
Chipotle Mexican Grill (CMG) – Shares of the restaurant chain have risen for seven straight sessions entering Monday and were up 0.5% in premarket trading. Raymond James upgraded the stock to "outperform" from "market perform," citing improvements in the broader restaurant industry in recent weeks.
United Airlines (UAL) – The company said in a filing that it expects first-quarter revenue to come in at $3.2 billion, down 66% from the first quarter of 2019. Shares of United slipped about 0.9% in premarket trade.
—CNBC's Michael Bloom contributed to this story.
Enjoyed this article?
For exclusive stock picks, investment ideas and CNBC global livestream
Sign up for CNBC Pro
Start your free trial now
Source: Read Full Article