Eli Lilly, Ocugen, UPS Rise Premarket; Domino's Pizza Falls

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Eli Lilly, Ocugen, UPS Rise Premarket; Domino's Pizza Falls
Credit: © Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Wednesday, December 15th. Please refresh for updates.

  • Eli Lilly (NYSE: LLY ) stock rose 5.5% after the drug company raised its full-year 2021 profit and sales forecast, helped partly by a recent U.S. government contract for its Covid-19 antibody treatment.

  • Ocugen (NASDAQ: OCGN ) stock rose 5.4% after the biotech company said it has data suggesting its Covid-19 vaccine could provide protection against both current and future variants of the virus.

  • Oracle (NYSE: ORCL ) stock rose 0.2% after the U.S. tech giant announced it has opened cloud regions in Stockholm and Milan as the pandemic increased demand for cloud computing tools.

  • Digital World Acquisition Corp (NASDAQ: DWAC ) stock rose 5% following the news that the video distribution platform Rumble signed a partnership agreement with Trump Media, Donald Trump’s new media company which is merging with DWAC.

  • Vir Biotechnology (NASDAQ: VIR ) stock rose 5.7% after the drugmaker announced further data showing that its Covid-19 antibody therapy, developed in partnership with GlaxoSmithKline (NYSE: GSK ), was effective against the Omicron variant.

  • United Parcel Service (NYSE: UPS ) stock rose 1.1% after Citigroup (NYSE: C ) upgraded its investment stance to ‘buy’ from ‘neutral, taking a more constructive stance on the delivery firm, and ranking it ahead of FedEx (NYSE: FDX ).

  • Domino’s Pizza (NYSE: DPZ ) stock fell 1.5% after Barclays (LON: BARC ) downgraded the pizza firm to ‘underweight’ from ‘equal weight’, seeing its pandemic-era outperformance dwindling.

  • Albemarle (NYSE: ALB ) stock fell 5% and Livent (NYSE: LTHM ) stock fell 7.8% after Goldman Sachs (NYSE: GS ) downgraded its stance on both lithium producers to ‘sell’ from ‘neutral’.

 

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