Stock futures slipped Monday after Wall Street rallied to close out last week. The market move followed a jobs report that eased concern that the Federal Reserve would be pulling back on economic support.
Here are some of the top movers during premarket trading Monday.
1. Biogen BIIB | Up 5.5%
An approval would make aducanumab the first authorized treatment for the memory-destroying disease.
Analysts have been mixed on whether clearance will be granted. Whatever the FDA decision, the impact on Biogen’s stock could be huge, they said. The stock finished Friday's trading up 5%.
2. Visa V | Up 1.1%
The investment firm added that Visa stock looked cheaper compared with Mastercard, which has outperformed Visa since the start of 2020.
3. Peloton PTON | Up 2.2%
Analyst Daniel Adam initiated coverage of the stock on Monday with a buy rating. He said in a note to clients that the recall was weighing on the stock more than it should.
In May, U.S. regulators and the company jointly said they were recalling the Tread+ and Tread treadmill machines after injuries and a death.
4. Tesla TSLA | Down 0.5%
Shares of Tesla (TSLA) - Get Tesla Inc Report dropped after the electric-car maker said it was pulling the plug on its Model S Plaid Plus electric car. Tesla Chief Elon Musk said Sunday the company acted because the regular Plaid is “so good.”