Abiomed, Uber, SoFi, Pfizer and more

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US stock futures rise at the start of November trading

Take a look at some of the biggest movers in the premarket:

Abiomed (ABMD) – Abiomed shares are up 51.6% in premarket trading after agreeing to the acquisition Johnson&Johnson (JNJ) in a nearly $16.6 billion deal. J&J is paying $380 per share for the heart, lung and kidney treatment maker and adding a contingent stock option value of up to $35 per share if certain milestones are met. J&J shares fell 0.7%.

Uber Technologies (UBER) — Uber gained 8.8% in pre-market after it reported better-than-expected quarterly earnings as gross bookings surged year-on-year. Uber did report a quarterly loss, but that was largely due to unrealized losses on stock investments like its stake in Didi Global.

SoFi Technologies (SOFI) – SoFi rose 14.3% in premarket trading after a narrower-than-expected quarterly loss and earnings beating analysts’ forecasts. The fintech also raised its outlook after adding nearly 424,000 new members in the quarter, bringing its total to more than 4.7 million.

Pfizer (PFE) – Pfizer gained 4% in premarket trading after a better-than-expected quarter and improved financial outlook. Strong demand for Pfizer’s older drugs helped offset the decline in sales of its Covid-19-related products.

Goodyear tires (GT) – Goodyear plunged 8.3% premarket after failing to match third-quarter earnings. The tire maker said its results were hurt by higher costs and a stronger US dollar, although this was partially offset by higher prices.

Eli Lilli (LLY) — Eli Lilly beat sales and earnings estimates for its latest quarter, but the drugmaker’s stock fell 2.2% premarket as it cut its full-year guidance. Lilly sees negative impacts from a stronger dollar, increased competition from cancer drugs and lower insulin prices.

holological (HOLX) – Hologic gained 7.6% premarket after the medical device maker reported better-than-expected quarterly earnings and an upbeat outlook. Hologic said it sees “unprecedented strength” in its core businesses.

Strings (SYK) – Stryker shed 4.9% in premarket measures after the surgical and medical equipment maker lowered its financial outlook, citing the impact of inflation and a stronger U.S. dollar.

newspaper budget (CAR) – Avis Budget shares rose 3.7% premarket after the rental car giant posted better-than-expected quarterly earnings despite continued strong travel demand.

t rex (TREX) – Trex shares plunged 7.5% in premarket trade after the maker of decking and railing materials missed both sales and earnings estimates for its most recent quarter. Trex said it reduced production levels and made layoffs during the quarter as it adjusted to falling sales.