CAR - Hot Stocks: UAA PFE CAR rise on earnings; GNRC falls; ROG spikes on DD merger deal
Earnings news and M&A headlines drove trading in Tuesday's pre-market action. Under Armour (NYSE:UAA), Pfizer (NYSE:PFE) and Avis Budget Group (NASDAQ:CAR) all showed strength following the release of their respective quarterly results. However, earnings news had the opposite impact on Generac (NYSE:GNRC). Shares dropped after it issued disappointing financial figures. On the merger front, Rogers Corp. (NYSE:ROG) expanded its value by nearly a third after it agreed to be taken over by DuPont (NYSE:DD) in a $5.2B deal. Gainers Under Armour (UAA) rallied nearly 10% in pre-market trading on earnings news. The company's bottom line surpssed expectations by more than double on revenue that rose 8% to $1.55B. The sports-apparel maker also raised its forecast, in part as a result of robust demand in international markets. Similarly, Pfizer (PFE) got a boost from its quarterly results, climbing 3% before the bell. Bolstered by sales of its COVID vaccine, the drug maker
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Hot Stocks: UAA, PFE, CAR rise on earnings; GNRC falls; ROG spikes on DD merger deal