Take a look at some of the biggest movers in the pre-sales market:
letter (GOOGL)-Alphabet’s Google division Will cut commissions It collects third-party software sales in its cloud market. A person familiar with the matter told CNBC that Google will now only charge 3% of sales, compared to 20% before.
Tesla (TSLA)-Tesla Software update introduced Allow customers to request access to its fully automated driving beta software. Tesla drivers who obtain a sufficiently high safety score will be granted access.
Gores Guggenheim (GGPI)-Special Purpose Acquisition Company Will make the electric car manufacturer Polestar go public Through the merger, the valuation including debt is 20 billion U.S. dollars. Polestar is controlled by the automaker Volvo and its parent company Zhejiang Geely Holding Group. Gores rose 2.4% in pre-market trading.
Acceleron Pharmaceuticals (XLRN)-According to people familiar with the matter, Acceleron is negotiating to be acquired by an unidentified large pharmaceutical company at a price of approximately $180 per share. Bristol-Myers Squibb (BMY) is considered a potential candidate because it already owns 11.5% of Acceleron.
Box (BOX)-Box upgraded from JMP Securities’ “market performance” to “market outperforming the market”, which cited factors such as the execution of cloud computing companies. Box rose 2.2% before going public.
U.S. Altis (ATUS)-This broadband and video company was downgraded by Credit Suisse from “outperform” to “neutral”. The company pointed out that the aggressive optical fiber construction strategy may have short-term negative effects. Altice USA fell 1.8% in pre-market trading.
Toyota Automotive (TM) – After the company said it had completed the repurchase of 25.8 million shares, the automaker’s share price rose 1.3% before the market.
Best Buy (BBY)-This electronics retailer was named “Top Idea” by Piper Sandler, and the company is passionate about the upcoming Best Buy’s new “Best Buy Total Tech” membership program.
Gannett (GCI)-The publisher of USA Today stated that it is seeking to refinance up to $550 million in priority secured debt. Gannett stated that its plan is affected by market conditions and cannot guarantee the execution of the refinancing.