Tesla, Alibaba and Uber Rise Premarket



© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Monday, April 12th. Please refresh for updates.

  • Nuance Communications (NASDAQ:) stock soared 22% after a number of news agencies reported that software giant Microsoft (NASDAQ:), down 0.2%, was in advanced talks to uy the speech-recognition company for $16 billion.

  • Alibaba (NYSE:) ADR rose 6.1% after the Chinese e-commerce giant said it doesn’t expect any further impact from the antitrust crackdown in China, after regulators fined the company $2.75 billion for abusing its market dominance.

  • Tesla (NASDAQ:) stock rose 1.2% after Canaccord Genuity upgraded its investment stance on the electric car manufacturer to ‘buy’ from ‘hold’, saying the company’s battery storage business warrants the company’s rich valuation.

  • Regeneron (NASDAQ:) stock rose 1.3% after the drugmaker said it will ask the U.S. Food and Drug Administration to allow its Covid-19 antibody therapy to be used as a preventative treatment.

  • Johnson & Johnson (NYSE:) stock fell 0.5% after the European Medicines Agency said Friday that it had started a review to look into blood clots in people who had taken the drugmaker’s Covid-19 vaccine. This follows on from similar issues rival AstraZeneca (NASDAQ:) had with its vaccine.

  • Luminex (NASDAQ:) stock rose over 10% after the diagnostics company agreed to be bought by Italy’s Diasorin for $1.8 billion.

  • Uber (NYSE:) stock rose 3% after the ride-hailing firm said its March total bookings were the highest in its history.

 

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