August 9, 2022
Boeing, NIO, Check Point Software and more

Take a look at some of the biggest movers in the premarket:

Boeing (BA) – Boeing defense workers will vote Wednesday on a newly proposed labor agreement, deferring — for now — a strike that could begin today. Separately, sources tell CNBC that the Federal Aviation Administration has approved an inspection protocol amendment that should allow the jet maker to resume deliveries of its 787 Dreamliner. Boeing shares jumped 5.4% in the premarket.

Nio (NIO) – Nio jumped 3% in premarket action after the China-based electric car maker announced it would open its first overseas plant in Europe in September. The plant will be located in Hungary and will produce power products for the European market.

Check Point Software (CHKP) – Check Point Software reported better-than-expected revenue and profit for its latest quarter, fueled by increased demand for its cybersecurity products amid a worldwide increase in cyberattacks. The stock dropped 4.7% in premarket trading.

Alibaba (BABA) — Alibaba gained 1.6% in the premarket after Alibaba intended to work to maintain its New York Stock Exchange listing. The Chinese e-commerce giant is on the list of companies that could be removed for not meeting auditing requirements.

PerkinElmer (PKI) — The diagnostics and life sciences company rose 1.4% in the premarket after the company announced plans to sell several non-core units to private-equity firm New Mountain Capital for $2.45 billion in cash. Separately, PerkinElmer reported better-than-expected sales and profit for the second quarter.

Volvoline (VVV) – Automotive products company announced the sale of its global products business to Saudi Aramco for $2.65 billion in cash. Volvoline rose 2.4% in premarket action.

Global Payments (GPN) – The payments technology company reported better-than-expected second-quarter profit and revenue, and announced the acquisition of rival fintech company EVO Payments (EVOP) for $34 per share, or $4 billion in cash. Global Payments added 1.6% in the premarket while Evo Payments added 19.6%.

Edgewell Personal Care (EPC) – Edgewell withdrew one of its Banana Boat sunscreen spray products after some samples were found to contain trace amounts of the cancer-causing chemical benzene.

Southern Company (SO) – Chief Executive Officer Tom Fanning is expected to retire by the end of the year, according to people familiar with the matter who spoke to Bloomberg. Fanning is expected to remain with the utility company in some capacity after stepping down as CEO.

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