Chinook Therapeutics, Oracle And Other Big Stocks Moving Higher In Monday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several stocks recorded gains in today's pre-market trading session, including Chinook Therapeutics, which jumped 66.8% after agreeing to be acquired by Novartis AG. XPeng's shares climbed 9.6% following strong pre-sale orders for its new SUV, the G6. Other notable gainers include Braskem, Paramount Global, Olo Inc., Kingsoft Cloud Holdings, Archer Aviation, Amprius Technologies, Intellia Therapeutics, NIO, and Oracle Corporation.
June 12, 2023 | 10:55 am
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Chinook Therapeutics shares jumped 66.8% in pre-market trading after agreeing to be acquired by Novartis AG.
Chinook Therapeutics' acquisition by Novartis AG is a significant event for the company, which is likely to have a positive impact on its stock price in the short term. The 66.8% jump in pre-market trading indicates strong investor interest and optimism about the deal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Oracle Corporation shares gained 3.5% in pre-market trading ahead of quarterly results, following an upgrade from Wolfe Research to Outperform and a $130 price target.
Oracle Corporation's stock price is likely to be positively impacted in the short term due to the upgrade from Wolfe Research and the announcement of a $130 price target. The 3.5% gain in pre-market trading indicates investor optimism about the company's upcoming quarterly results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
XPeng shares climbed 9.6% in pre-market trading after its new SUV, the G6, received over 25,000 orders within 72 hours of pre-sale.
The strong pre-sale orders for XPeng's new SUV, the G6, indicate high demand for the product, which is likely to have a positive impact on the company's stock price in the short term. The 9.6% climb in pre-market trading reflects investor optimism about the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100