Beyond Meat, Moderna Rise Premarket; Li Auto Falls By

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By Peter Nurse — Stocks in focus in premarket trade on Wednesday, April 7th. Please refresh for updates.

  • Beyond Meat (NASDAQ:) stock rose 2% after the plant-based food company announced the opening of a new manufacturing facility in China, its first outside the United States, which should increase its ability to deliver products in the region. 

  • Qiagen (NYSE:) stock rose 1.5% after the biotech firm announced the launch of a new ultra-fast sequencing solution that shortens the time needed for researchers to identify Covid-19 variants.

  • Li Auto (NASDAQ:) stock fell 4.2% after the electric vehicle manufacturer announced a $750 million convertible senior note offering, to be used to fund research and development. 

  • Maxeon Solar Technologies (NASDAQ:) stock fell 5.6% after the solar panel manufacturer issued weaker-than-expected first-quarter revenue guidance.

  • Moderna (NASDAQ:) stock rose 0.7% as the U.K. started using the drug maker’s Covid-19 vaccine earlier Wednesday. The company also stated that deliveries of its vaccine are on track to meet the number of doses it promised to the European Union.

  • Genworth Financial (NYSE:) stock fell 1.7% after the insurance company terminated a merger agreement with China-based Oceanwide after four years of delays.

  • Royal Dutch Shell (LON:) ADR rose 0.3% even after the oil giant announced it expects to take a $200 million hit to first-quarter earnings from the extreme winter weather in the southern states earlier this year.

  • Nokia (NYSE:) ADR rose 1.3% after the Finnish telecom equipment maker maker announced it has settled a long-standing patent dispute with computer maker Lenovo, and would receive a payment from the Chinese company, the world’s biggest PC maker. 


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