Business

DoorDash, Didi, Philips and others

Check out the companies that make headlines before the call:

DoorDash (DASH) – Shares rose 2.6% in premarket after Evercore upgraded their rating to above market from pending. Evercore said the delivery service has strong fundamentals and that its stock has an attractive valuation. Separately, Meta Platforms (FB) has appointed DoorDash CEO Tony Xu to its board of directors, marking the first new appointment to the Facebook parent board in nearly two years.

Didi Global (DIDI) – Shares in taxi-ordering company surged 5.9% in premarket after reports that it is in talks to IPO in Hong Kong in the second quarter as it continues its NYSE delisting …

Philips (PHG) – Philips shares fell 15.6% in premarket after it predicted a 40% fall in core profit in the fourth quarter. The results of the Dutch healthcare technology company are influenced by component shortages, ventilator recalls and other factors.

Ocugen (OCGN) – The biopharmaceutical company jumped 5.5% in pre-market trading after a booster dose of the candidate vaccine Covaxin was shown to neutralize Omicron and delta variants of Covid-19.

Aerojet Rocketdyne (AJRD) – The FTC has postponed a vote on Lockheed Martin’s (LMT) takeover of an aerospace systems maker by at least two weeks, according to sources briefed on the matter who spoke to Reuters. Opponents of the deal say it will give Lockheed a dominant share of the rocket engine market. Aerojet Rocketdyne shares up 3% premarket.

Biogen (BIIB) – Biogen fell 9.1% in premarket after Medicare agreed to only partially cover the cost of Alzheimer’s drug Aduhelm. Medicare will only cover treatment if patients are included in clinical trials and show symptoms early.

Dish Network (DISH) – Dish and DirecTV are in merger talks again, according to sources who spoke to the New York Post. Satellite TV companies have had occasional talks over the past 20 years, with the latest round being said to have been promoted by DirecTV’s minority owner TPG Capital. Dish Network shares rose 7.4% in premarket trading.

Just Eat Takeaway (GRUB). Parent company Grubhub rose 4.3% in premarket after the company maintained its 2022 forecast and said it was seeing a rise in order volume.

Ally Financial (ALLY) – The bank announced a 20% increase in dividends, increasing its quarterly payment to 30 cents per share, and also authorized a $ 2 billion share buyback program. Ally Financial rose 2.9% premarket.

Crocs (CROX) – The casual shoe maker rose 1.5% in premarket after Piper Sandler named it a “top pick” for 2022, citing it as one of the most impressive consumer demand growth stories in the years to come.

Ambarella (AMBA) – Ambarella rose 2.7% premarket after Wells Fargo upgraded the chipmaker’s rating to overweight from equal weight. Wells Fargo said Ambarella has an attractive valuation following the recent pullback and cited it as one of the best ways to play in the AI ​​market.


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