Premarket Movers Tuesday - Illumina, ViacomCBS, Snap, Acadia

Stocks moving in premarket trading Tuesday include Illumina, Duck Creek Technologies, ViacomCBS, Snap and Acadia Pharmaceuticals.
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Stock futures edged lower Tuesday after Wall Street closed at fresh records.

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Here are some of the top movers during premarket trading Tuesday.

1. Illumina ILMN | Up 10.04%

Shares of Illumina  (ILMN) - Get Report jumped in premarket trading Tuesday after the biotech company said it expects first-quarter sales to top $1 billion thanks to "record" orders and revenue growth in its gene-sequencing and related businesses.

2. Duck Creek Technologies DCT | Up 2.8%

Shares of Duck Creek Technologies  (DCT) - Get Report were rising early Tuesday after the enterprise software provider gave better-than-expected guidance for the fiscal third quarter and year.

Duck Creek Tech expects revenue between $250 million to $254.5 million in fiscal 2021, ahead of analysts' estimates of $249.4 million.

For the fiscal third quarter, Duck Creek Tech expects revenue between $62.5 million to $64.5 million, also topping analysts' estimates of $61.7 million.

3. ViacomCBS VIACA | Down 1.07%

Shares of ViacomCBS  (VIACA) - Get Report slipped Tuesday in premarket trading after Credit Suisse  (CS) - Get Report reportedly sold additional blocks of stocks linked to the unwinding of massive equity positions within Archegos Capital Management that totaled more than $2 billion.

4. Snap SNAP | Up 2.75%

Snap  (SNAP) - Get Report gained 2.77% in premarket trading after shares of the parent of Snapchat were upgraded to overweight from neutral by Atlantic Equities.

5. Acadia Pharmaceuticals ACAD | Down 2.17%

Shares of Acadia Pharmaceuticals  (ACAD) - Get Report dropped Tuesday in premarket trading after the Food and Drug Administration rejected its new drug application for Nuplazid to treat hallucinations and delusions associated with dementia-related psychosis.

The stock fell more than 17% on Monday.