Eli Lilly, Ocugen, UPS Rise Premarket; Domino's Pizza Falls
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, December 15th. Please refresh for updates.
Eli Lilly (NYSE:LLY) stock rose 5.5% after the drug company raised its full-year 2021 profit and sales forecast, helped partly by a recent U.S. government contract for its Covid-19 antibody treatment.
Ocugen (NASDAQ:OCGN) stock rose 5.4% after the biotech company said it has data suggesting its Covid-19 vaccine could provide protection against both current and future variants of the virus.
Oracle (NYSE:ORCL) stock rose 0.2% after the U.S. tech giant announced it has opened cloud regions in Stockholm and Milan as the pandemic increased demand for cloud computing tools.
Digital World Acquisition Corp (NASDAQ:DWAC) stock rose 5% following the news that the video distribution platform Rumble signed a partnership agreement with Trump Media, Donald Trump’s new media company which is merging with DWAC.
Vir Biotechnology (NASDAQ:VIR) stock rose 5.7% after the drugmaker announced further data showing that its Covid-19 antibody therapy, developed in partnership with GlaxoSmithKline (NYSE:GSK), was effective against the Omicron variant.
United Parcel Service (NYSE:UPS) stock rose 1.1% after Citigroup (NYSE:C) upgraded its investment stance to ‘buy’ from ‘neutral, taking a more constructive stance on the delivery firm, and ranking it ahead of FedEx (NYSE:FDX).
Domino’s Pizza (NYSE:DPZ) stock fell 1.5% after Barclays (LON:BARC) downgraded the pizza firm to ‘underweight’ from ‘equal weight’, seeing its pandemic-era outperformance dwindling.
Albemarle (NYSE:ALB) stock fell 5% and Livent (NYSE:LTHM) stock fell 7.8% after Goldman Sachs (NYSE:GS) downgraded its stance on both lithium producers to ‘sell’ from ‘neutral’.
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