Stock futures slipped Monday, signaling a muted opening for major indexes ahead of a slew of corporate earnings and economic data.
Here are some of the top movers during premarket trading on Monday.
1. Nuance Communications NUAN | Up 23%
Nuance Communications (NUAN) - Get Nuance Communications Incorporated Report shares were higher after Microsoft (MSFT) - Get Microsoft Corporation Report agreed to buy the speech-recognition-software company for $56 a share, or $16 billion.
The deal is Microsoft's second-largest acquisition since its $27 billion purchase of LinkedIn in 2016.
2. Alibaba BABA | Up 6.1%
Shares of Alibaba (BABA) - Get Alibaba Group Holding Limited American Depositary Shares each representing eight Report rose even after the tech giant was fined a record $2.8 billion by Chinese regulators in an antitrust crackdown. Alibaba Chief Executive Daniel Zhang said he didn't expect any material impact from the penalty.
3. Uber UBER | Up 3.4%
Uber (UBER) - Get Uber Technologies Inc. Report stock traded higher after the ride-hailing service posted record gross bookings in the month of March. Uber also said it expected to turn a profit before the end of the year.
Uber said its ride-hailing business posted its best month since March last year, with an annualized run rate of $30 billion, while its delivery business crossed a $52 billion annualized run rate in March, a 150% increase from the year-earlier period.
4. Signet Jewelers SIG | Up 3.1%
Shares of Signet Jewelers (SIG) - Get Signet Jewelers Limited Report rose advanced after the jewelry retailer raised its revenue guidance for the first quarter to between $1.57 billion and $1.6 billion from its previous estimate of $1.42 billion to $1.46 billion.
For the full year Signet expects to clock revenue between $6 billion and $6.14 billion, higher than the $5.85 billion to $6 billion estimated earlier.
Both revised estimates exceeded Wall Street expectations.
5. Aphria APHA | Down 8.2%
Shares of Aphria (APHA) - Get Aphria Inc Report fell after the cannabis company reported a wider-than-expected fiscal-third-quarter loss and lower-than-expected revenue, citing reduced demand resulting from the coronavirus pandemic.
For the quarter ended Feb. 28, the company swung to a net loss of C$366.8 million (US$292.7 million), or C$1.14 a share, from net income of C$5 million, or C$0.02 a share,, in the year-ago period.