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Here are some of the biggest movers ahead of Friday’s market open:
Stock gainers:
Acadia Pharmaceuticals Inc.’s stock
ACAD,
surged 18% in premarket trading after the company expanded drug rights to a treatment for a rare neurological disorder.
Shares of Roivant Sciences Ltd.
ROIV,
rallied nearly 10% following a Wall Street Journal report the biotech drug maker was close to the sale of an ulcerative colitis drug to Roche Holding
ROG,
JPMorgan Chase & Co. shares
JPM,
rose 0.6% in premarket trading ahead of the Wall Street bank’s second-quarter results due Friday.
Stock decliners:
Theseus Pharmaceuticals Inc. shares
THRX,
plummeted 64% as the drug maker announced it halted development of a cancer drug candidate.
Shares of Leslie’s Inc. fell 24% after the spa and pool supplies retailer announced preliminary quarterly results below expectations, dialed down its 2023 outlook, and announced a CFO transition.
Shares of Nokia Oyj
NOK,
dropped nearly 10% in premarket trading after the Finnish telecom equipment maker lowered its full-year outlook after preliminary second-quarter results. Shares of its Swedish rival Ericsson AB
ERIC,
fell 8.5% after meeting expectations with its results, but giving lackluster guidance.
Shares of Caribou Biosciences Inc.
CRBU,
were down 4% after the biopharma company said it had begun a $100 million share offering.
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