Check out the companies making headlines before the bell. ImmunityBio — The biotech company jumped 13%, adding to a 30% rally in the previous session sparked by strong guidance for its bladder cancer drug Anktiva. ImmunityBio expects full-year revenue for the drug to jump 700%. Worthington Steel — The Columbus, Ohio-based maker of hot- and cold-rolled steel climbed 7% after agreeing to buy Germany’s Kloeckner & Co. , a metal processor, for an enterprise value of $2.4 billion. Coupang — Shares rose about 3% after Deutsche Bank upgraded the Korean retail giant to buy, saying most of the regulatory uncertainty has been priced in. QXO — Shares fell 7% after the roofing products maker announced it would sell $750 million in common stock. PNC — The Pittsburgh-based bank rose 4% after posting better-than-expected fourth-quarter results and offering promising guidance. PNC reported revenue of $5.96 billion versus an LSEG consensus estimate of $5.89 billion. Earnings of $4.88 per share also exceeded a forecast of $4.22 per share. PNC also put its total revenue growth by the end of 2026 at roughly 11%, topping the 8.7% estimated by analysts. Honeywell — The industrial giant ticked nearly 2% higher after receiving an upgrade to overweight from neutral at JPMorgan. The bank said investors should buy the stock as Honeywell moves forward with its planned break-up. Energy stocks — The stocks rose after the Trump administration pushed for an emergency auction that would encourage technology companies to bankroll power plants amid a rise in energy-guzzling data centers. GE Vernova and Bloom Energy gained 3%, while Oklo ticked up more than 1%. — CNBC’s Fred Imbert contributed reporting
Stocks making the biggest moves premarket: PNC, IBRX, CPNG
Related Posts
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
About Us
Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
Subscribe to Updates
Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!
