Take a look at some of the biggest movers in the premarket:
Electronic Arts (EA) – The video game maker's shares rose 2.5% in the premarket after Puck News reported that the company was actively seeking a buyer or merger partner. EA has reportedly held talks with Walt Disney (DIS), Apple (AAPL) and Amazon (AMZN), among others.
VMWare (VMW) – The cloud computing company's stock surged 21.3% in premarket trading following multiple reports that it is in advanced talks to be bought by chipmaker Broadcom (AVGO). The two companies are said to be discussing a cash-and-stock deal which could happen soon, according to people familiar with the matter. Broadcom slid 4.3%.
GameStop (GME) – GameStop jumped 3.5% in premarket trading after the video game retailer launched a digital wallet for cryptocurrencies and NFTs.
HP Inc. (HPQ) – The computer and printer maker was downgraded to «neutral» from «buy» at Citi, based on moderating demand for PCs in the near to mid-term. HP fell 2.7% in premarket action.
Pfizer (PFE) – Pfizer and partner BioNTech (BNTX) said three doses of their Covid-19 vaccine offered strong protection for children under 5, according to preliminary data. BioNTech rose 1.8% in premarket trading, while Pfizer edged higher by 0.2%.
Motorola Solutions (MSI) – Morgan Stanley upgraded the communications equipment and software company's stock to «overweight» from «equal-weight,» with a number of favorable trends in place including an increase in demand for video surveillance. Motorola Solutions gained 2.5% in the premarket.
Emergent BioSolutions (EBS) – The biopharma company's stock rallied 11.1% in premarket trading, amid the increasing concerns about the spread of monkeypox. Emergent is a supplier of smallpox vaccine,
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