In the list of companies making stock price movement, the first company in the list is Pfizer that has experienced a surge in share prices. The data shows that the drugmaker has experienced a 9.4% surge in the share prices in the premarket trading. The company experienced the surge after sharing the results of the testing of its COVID-19 pills. The company has revealed that the results for its antiviral pill for COVID-19 have returned with promising results.
Pfizer has revealed that with the help of the pills, the risks of hospitalization, as well as death from COVID-19, were reduced. The company revealed that the reduction level for both cases was more than 90%. Just like Merck, Pfizer has also submitted a request with the regulators for the approval of the antiviral pills for COVID-19. Pfizer has revealed that it will start distributing the pills as soon as the regulatory authorities approve them.
The next company on the list is Canada Goose that is expected to observe a rise in share prices. The outerwear maker has announced that the profits it has generated were unexpected. The company had not expected of generating such high profits for the third quarter of 2021, but it ended up doing so. The company has revealed that the revenue it has generated in the respective quarter is much higher than the estimations set by the analysts. The company has also proceeded with upgrading its forecast for the upcoming quarter and for the entire year.
As of now, Canada Goose has experienced a surge worth 4.6% in its share prices in the premarket trading, and it is expected to achieve even higher figures. The company has announced that it is expecting to hit even higher sales targets in the winter season, due to high demand.
The next company on the list is Live Nation Entertainment that has experienced an almost 5.5% elevation in the share prices in the premarket trading. The company has started recording a rise in its profits as the sales have started surging with the return of the live events. The company went ahead and shared its earnings report where the results shared were higher than the expectations set by the analysts.
DraftKings is the next company on the list that has experienced a plummet in the share prices in the premarket trading. In the report from the stock markets, a 3.5% plummet has been recorded in the share prices for the sports betting company. The loss was observed after DraftKings reportedly shared its earnings report for the third quarter of 2021.
In the earnings report, the company revealed that the losses it incurred were wider than the analysts’ expectations. Similarly, the company was unable to meet the revenue targets set by the analysts from Wall Street.