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These Stocks are the Biggest Pre-Market Movers on Monday

TipRanks has composed a list of Monday’s biggest pre-market stock movements. 

Positive market sentiment, along with some other variables, seems to have dominated today’s stock market. 

Using TipRanks’ new Top Stock Gainers/Losers page, we’ve picked the top 5 pre-market stock movers, as listed below. 

5 Biggest Movers 

In the pre-market session, Novavax, Inc. (NVAX) was the biggest gainer, as the stock gained almost 6% at the time of writing. This biotech stock closed 13.7% higher on Friday, post-announcement of the advance purchase agreement for its COVID-19 vaccine with Israel’s Ministry of Health. Therefore, the surge in price reflects continued positive sentiment. 

Another gainer, Illumina, Inc. (ILMN), surged over 5% in the pre-market trading, at last watch. A European Commission filing revealed that to alleviate European Union (EU) antitrust concerns over the company’s proposed buyout of cancer detection test maker Grail, Illumina has chosen to reduce prices. It also continues to permit rivals’ access to its technologies. These decisions might have boosted investors’ confidence. 

Beyond Meat, Inc. (BYND) follows suit, as the stock gained 4.9% at the time of writing. There is no fundamental news supporting the stock price jump of this Los Angeles-based producer of plant-based meat substitutes. 

In the pre-market trading, Mobility technology platform DiDi Global Inc. (DIDI) rose 4.8% and is now trading at $3.9. There is no specific news to explain the trading frenzy. 

iQIYI, Inc. (IQ), which is engaged in the provision of internet video streaming services, completes the list. The stock gained 4.3% at the time of writing, without any fundamental news explaining the uptrend.  

Continue to watch this space. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers… 

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To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. 

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