Pre-Market Movers: Godaddy Pops, Didi, Airlines, and BridgeBio Pharma Sell Off

Investing.com

27 December 2021 at 3:49 am·3-min read

By Daniel Shvartsman

Investing.com -- Stocks in focus in pre-market trade on Monday, December 27th. Prices as of 8:45am ET, please refresh to see updated pricing.

Didi Global Inc ADR (NYSE:DIDI) is down 2.5% after reports they extended the lock-up expiration indefinitely, preventing employees from selling shares. China stocks are also in focus with news of the government's new regulations that allow overseas listings but make them harder. Alibaba (NYSE:BABA) is down .6%, while Baidu Inc (NASDAQ:BIDU) is down 1% and JD.com (NASDAQ:JD) is down 1.4%. BridgeBio Pharma (NASDAQ:BBIO) shares dived 66% pre-market on news the company's Phase 3 study of acoramidis as a treatment for symptomatic transthyretin amyloid cardiomyopathy (a cause of heart failure) failed to meet the endpoint. The sell-off represents a loss of $4B in market capitalization. Moderna (NASDAQ:MRNA) shares are the leading loser on the Nasdaq pre-market, down 3%, on news of shareholder pressure over the cost of Moderna's vaccine and its availability in more countries. Godaddy Inc (NYSE:GDDY) shares are up 2.6% on news that activist fund Starboard Value has taken a 6.5% stake in the web domain retailer. Airlines in the U.S. traded off after a Christmas weekend full of flight cancellations due to Covid-related staffing shortages and weather. 800 flights were canceled for Monday after nearly 1000 cancellations on Christmas day. United Airlines Holdings Inc (NASDAQ:UAL), American Airlines Group (NASDAQ:AAL), Delta Air Lines Inc (NYSE:DAL), Southwest Airlines Company (NYSE:LUV), Spirit Airlines Inc (NYSE:SAVE), and JetBlue Airways Corp (NASDAQ:JBLU) all traded between 1.5 and 2.2% lower. Cruise lines also traded lower amidst reports of Covid-19 outbreaks on board. Carnival Corporation (NYSE:CCL) (NYSE:CUK), Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), and Royal Caribbean Cruises Ltd (NYSE:RCL) all traded 2.3% to 2.7% lower in the pre-market session. Globalfoundries Inc (NASDAQ:GFS) traded 2.4% higher on news that Advanced Micro Devices Inc (NASDAQ:AMD) had increased its purchasing plans of GFS's silicon wafers. AMD was up .7% for its part. Tesla (NASDAQ:TSLA) traded up 1.3% on no specific news, and in the same basket of 2021 stalwarts, NVIDIA Corporation (NASDAQ:NVDA) and Apple Inc (NASDAQ:AAPL) also traded higher, .4% and .6% respectively. BiondVax Pharmaceuticals Ltd ADR (NASDAQ:BVXV)traded down 17% on news of a share offering, which comes in the wake of the company's advances towards developing its antibody therapies for Covid-19. Cigna (NYSE:CI) shares are up .5% after the company disclosed it would reaffirm 2021 and 2022 guidance in investor meetings. Lazydays Holdings Inc (NASDAQ:LAZY)traded down 3.2% after its CEO stepped down and then was pushed out on an accelerated timeline, as announced in a pre-Christmas press release. Servotronics Inc (NYSE:SVT) is down .5% after announcing the resignation of its CEO following a 6-month investigation that found "he committed willful malfeasance that would have justified termination" had he not resigned.

Pre-Market Movers: Godaddy Pops, Didi, Airlines, and BridgeBio Pharma Sell Off

Stocks up, oil eases as investors digest post-Christmas Omicron hangover

BridgeBio Plunges After Acoramidis Study Fails to Meet Primary Endpoint

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