Stocks making the biggest moves in the premarket

 Biogen

 (BIIB) – Biogen dropped 5.5% in the premarket after online publication Science.org reported that a woman participating in a trial of the experimental Alzheimer’s treatment lecanemab had recently died from a brain hemorrhage. The publication said the trial was sponsored by Biogen and Japanese pharmaceutical company Esai.

Apple (AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro models due to Covid-related unrest at contract manufacturer Foxconn’s China factory. A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading.

Wynn Resorts (WYNN), MGM Resorts (MGM), Melco Resorts (MLCO), Las Vegas Sands (LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Wynn jumped 5.9%, MGM added 2.2%, Melco rallied 8% and Las Vegas Sands rose 3.2%.

Pinduoduo (PDD) – The China-based e-commerce platform beat top and bottom line estimates for its latest quarter, as China’s strict Covid policies prompted more consumers to shop online. Pinduoduo surged 14.2% in the premarket.

https://www.cnbc.com/2022/11/28/stocks-making-the-biggest-moves-in-the-premarket-apple-taboola-biogen-and-more.html