By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, April 17th. Please refresh for updates.
Merck (NS: PROR ) (NYSE: MRK ) stock fell 0.1% after the drugs giant announced Sunday plans to acquire Prometheus Biosciences (NASDAQ: RXDX ), up 70%, for just short of $11 billion, building up its presence in immunology.
Moderna (NASDAQ: MRNA ) stock rose 2.5% after the company’s experimental mRNA cancer vaccine significantly cut the risk of death or recurrence of the most deadly skin cancer.
Xpeng (NYSE: XPEV ) stock rose 11% after the Chinese electric vehicle maker unveiled a new platform it developed in-house for making vehicles, which it said will reduce development and manufacturing costs.
Dell (NYSE: DELL ) stock fell 2.1% after JPMorgan downgraded its stance on the tech giant to ‘neutral’ from ‘overweight’, while HP (NYSE: HPQ ) stock rose 2.3% after the investment bank lifted it to ‘overweight’ from ‘neutral’.
Uber (NYSE: UBER ) stock rose 1.2% after Jefferies called the ride-sharing firm a top pick in a note, expecting long-term earnings growth to drive its shares around 50% higher.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.