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Ford, Change Healthcare, Cognex and more


Take a look at some of the biggest pre-market movers:

Ford (F) – The automaker’s stock fell 4.5% in premarket after warning that quarterly profits would take a roughly $1 billion hit due to higher supplier costs and shortages the rooms. These factors have contributed to a shortage of finished vehicles ready for sale.

BioNTech (BNTX), Moderna (MRNA) – Vaccine makers are seeing stocks fall again this morning, after slipping yesterday on President Joe Biden’s comment that the pandemic was “over”. BioNTech fell 2.4% in premarket trading, with Moderna down 2.1%.

Change Healthcare (CHNG) – Shares of the healthcare technology company rose 7.5% in premarket action after a federal judge ruled against the Justice Department’s antitrust challenge against the planned $13 billion acquisition by UnitedHealth (UNH).

Cognex (CGNX) – Shares of Cognex jumped 4.7% in the pre-market after the maker of machine vision systems and sensors raised its revenue outlook for the current quarter. The move comes amid a faster-than-expected inventory recovery following a fire at Cognex’s main contract manufacturer.

Nike (NKE) – Nike lost 2.2% in premarket trading after Barclays downgraded the stock to “equal weight” from “overweight”, noting continued volatility for the sports footwear and apparel maker in China as well as the erosion of demand in North America and elsewhere.

Western Digital (WDC) – Shares of the hard drive maker fell 1.7% pre-market following a Deutsche Bank downgrade to “hold” from “buy.” Deutsche Bank said the company’s earnings and revenue appear to be at the low end of expectations due to deteriorating demand.

Norwegian Cruise Line (NCLH) – Norwegian jumped 3% in the pre-market after Truist Financial upgraded stock to ‘buy’ from ‘hold’, indicating a decrease in cancellations and subsequent rebookings at prices lower.

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