Stocks Making Moves in the Premarket: Merck, Lordstown Motors, Coty, Zoom and others

The stock market is always changing. We can always see that the stocks are fluctuating every day. That is the mere nature of the stock market. In order to know more about what is going on in the pre-market today, which stocks are going up and which stocks are going down then you are in the correct place.

We will tell you all that you need to know about the major changes in the pre-market today. So without any further ado let us get started right now.

Stocks Making Moves in the Premarket Merck, Lordstown Motors, Coty, Zoom and others

Merck (MRK): Merck is the first one that we are talking about. It gained a lot on it shares today in the pre-market as it surged 7.5% in the premarket. This was because of the fact that it announced that its experimental pill cut the cause of death in Covid 19 patients by 50%.

Coty (COTY): The one is a cosmetics company and they have gained a stock of 2% in the premarket. This comes after they made the announcement of a deal to sell another 9% stake in its Wella beauty business to private equity firm KKR (KKR).

Zoom Video Communications (ZM): Zoom and Five9 (FIVN) have announced the fact that they have terminated a nearly $15 billion deal by mutual consent. Zoom went up 4% in the premarket while Five9 went down 1.4%.

Lordstown Motors (RIDE): Lordstown had announced the fact that it had struck a deal to sell its Ohio plant to Taiwan’s Foxconn for $230 million, Lordstown, therefore, had gone up and rallied 6.3% in premarket trading.

International Flavors (IFF): This company is a maker of food flavoring and cosmetic ingredients. Shares of the company went up 2.5% in premarket action.

Jefferies Financial Group (JEF): Jefferies gained 1.4% in the premarket.

Nio (NIO): Nio reported that they have made deliveries of 10,628 vehicles in September. Nio had gone up 1.8% in the premarket.

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That is all that we have for today. Make sure that you come back later to know more about this pre-market news. The stock market is always a very interesting subject.