Check out some of the biggest movers in the premarket:
Palantir ( PLTR ) — Shares of the data analytics company tumbled 15.6% in premarket trading after it reported an unexpected quarterly loss and lowered its full-year forecast due to the uncertain timing of some government contracts.
Signify Health ( SGFY ) — CVS Health ( CVS ) is planning a bid for Signify in an effort to expand home health services, according to people familiar with the matter who spoke to The Wall Street Journal. The newspaper reported last week that Signify was exploring strategic alternatives, including a sale. Its shares jumped 16.7% in premarket trading.
Global Blood Therapeutics ( GBT ) — The maker of drugs for blood disorders will be bought by Pfizer ( PFE ) for $5.4 billion, or $68.50 per share in cash. Shares of Global Blood jumped 88% in the past two sessions on reports that a deal was close, and gained another 4.2% in premarket trading.
Tyson Foods (TSN) — The beef and poultry producer reported quarterly earnings of $1.94 per share, 4 cents per share short of estimates. However, revenue beat forecasts as demand for beef remained strong. Chicken volume fell 2.1 percent, but Tyson said business continued to improve. Tyson shares fell 2.5% in premarket trading.
Barrick Gold (GOLD) – The miner’s shares added 3.2% in premarket trade after better-than-expected quarterly results, helped by higher copper production.
Baidu ( BIDU ) – The China-based search engine company has won approval to operate driverless taxi services in two Chinese cities, the first such approvals in the country. Baidu added 1.2% in premarket action.
First Solar (FSLR) — The solar company was upgraded to “buy” at Guggenheim and “overweight” at JP Morgan Securities, both of which said First Solar is among those poised to benefit the most many of the Senate-passed Inflation Reduction Act. First Solar gained 4.2% in premarket action, with other solar stocks also rising.
Emerson Electric ( EMR ) – The manufacturing company is selling its InSinkErator garbage disposal business to appliance maker Whirlpool ( WHR ) for $3 billion.
Avalara ( AVLR ) – The tax software provider has agreed to be acquired by private equity firm Vista Partners for $8.4 billion, including debt, or $93.50 per share. Avalara fell 4% in premarket trading but has risen 30% since reports of a potential deal surfaced in early July.