Tesla and AstraZeneca Rise Premarket; Herbalife Falls

Tesla and AstraZeneca Rise Premarket; Herbalife Falls

© Reuters.  © Reuters.

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Monday, January 4th. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock rose 2% after the car manufacturer reported record deliveries of its electric vehicles in the last three months of 2020, falling just short of its half-million target for the year.

  • MGM Resorts (NYSE:MGM) stock rose 0.8% despite Entain, the parent company of U.K. bookmakers Ladbrokes (LON:LCL) and Coral, turning down a bid from its U.S. rival over the weekend, saying it "significantly undervalues" the company.

  • AstraZeneca (NASDAQ:AZN) ADRs rose 2.5% after the U.K. started rolling out the pharms giant’s Covid-19 vaccine, developed in conjunction with the University of Oxford.

  • Roku (NASDAQ:ROKU) stock rose 3% after The Wall Street Journal reported that the streaming service is close to buying the rights to Quibi’s content, as the streaming platform winds down its operations.

  • Herbalife Nutrition (NYSE:HLF) stock fell 6.4% after investor Carl Icahn sold more than half his stake back to the company, and is giving up seats on its board.
  • Magellan Health (NASDAQ:MGLN) stock soared over 11% after Centene (NYSE:CNC), up 1.2%, agreed to buy the healthcare company for $2.2 billion, in order to expand its behavioral health platform.

  • Flir Systems (NASDAQ:FLIR) stock rose 21% after Teledyne Technologies (NYSE:TDY), down 0.8% agreed to acquire the manufacturer of thermal imaging cameras in a cash-and-stock deal valued at about $8 billion.

  • Alphabet (NASDAQ:GOOGL) stock rose 0.5% after over 200 Google employees in the United States formed a union, aiming to ensure that employees work at a fair wage, without fear of abuse, retaliation or discrimination, the union heads wrote in the New York Times.

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