Apple, Nvidia and Pfizer fall premarket; Lululemon rises
Investing.com -- U.S. futures edged higher Monday, at the start of a week that sees the quarterly earnings season ramp up.
Here are some of the biggest premarket U.S. stock movers today:
Rite Aid (NYSE: RAD) stock rose 4.5%, rebounding after Friday’s 17% drop, after the drugstore chain filed for Chapter 11 bankruptcy and announced it has received a commitment for $3.45 billion in new financing from some of its lenders.
Apple (NASDAQ: AAPL) stock fell 0.8% after Bloomberg reported the tech giant’s new iPhone 15 is facing challenges in the Chinese market, with sales lagging behind its predecessor - the iPhone 14.
Nvidia (NASDAQ: NVDA) stock fell 1% following a Bloomberg News report that the U.S. will strengthen restrictions on China's access to advanced chip technology.
Pfizer (NYSE: PFE) stock fell 2.6%, while German partner BioNTech (NASDAQ: BNTX) stock dropped 5.4% and rival Moderna (NASDAQ: MRNA) fell 4%, after the U.S. drugmaker slashed the sales forecast for its COVID vaccine and therapy last week.
Manchester United (NYSE: MANU) stock fell 11% after reports that British billionaire Jim Ratcliffe is looking to acquire only a 25% stake in the soccer club, raising concerns that a buyout by Qatar's Sheikh Jassim bin Hamad al Thani could be off the table.
Novo Nordisk (NYSE: NVO) stock rose 0.1% after the drugmaker agreed to buy a hypertension drug from KBP Biosciences for up to $1.3 billion.
Lululemon (NASDAQ: LULU) stock rose 6.3% with the athleticwear company set to join the benchmark S&P 500 index on Wednesday, S&P Dow Jones Indices confirmed last week.
DR Horton (NYSE: DHI) stock rose 2% after Goldman Sachs upgraded its stance on the housebuilder to ‘buy’ from ‘neutral’, while KB Home (NYSE: KBH) stock fell 2.1% as Goldman cut to ‘neutral’ from ‘buy’.