TipRanks has compiled a list of Monday’s biggest pre-market stock movements.
Today’s stock market is influenced by some market rumors, mixed market sentiment, geopolitical tensions, and other variables.
Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top 5 pre-market stock movers, as detailed below.
5 Biggest Movers
Renewable Energy Group, Inc. (REGI) was the biggest gainer in pre-market trading, as the stock jumped 32.4% at the time of writing. The surge in stock price followed the media reports that American multinational energy company Chevron Corporation (CVX) is in further talks to buy the producer and trader of biofuel and renewable chemicals for approximately $3 billion. Meanwhile, no confirmation has been received from either of the companies.
Meanwhile, Netherlands-based Yandex N.V. (YNDX) plummeted over 20% in pre-market trading, at last check. Yandex is an internet and technology company primarily for Russian and Russian-language users. The negative sentiment seems to have followed the increasing concerns over the geopolitical tensions and their impact on the company’s site.
Ozon Holdings PLC (OZON), tanked 19.8% in the pre-market trading, at last watch. This multi-category e-commerce platform provides customers with a wide selection of goods and home delivery across Russia’s 11 time zones. Though there is no fundamental news explaining the downtrend, it seems that investors are concerned over the macro issues around Russia.
American self-driving vehicle technology company Aurora Innovation, Inc. (AUR) recorded gains of almost 13% in pre-market trading at the time of writing, without any fundamental news explaining the uptrend.
Dutch bank ING Groep N.V. (ING) rounded off the list. It lost 10.5% in the pre-market trading, at last watch. The negative sentiment seems to have followed the bank’s decision to curb loans to deals that involve the movement of commodities from Russia and Ukraine. This is anticipated to add woes to the commodities-trading industry, which is already grappling with historically high and volatile commodity prices.
Continue to watch this space. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
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