Stocks Making the Greatest Movements Premarket 01/19

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Last Updated on January 20, 2023 by Bitfinsider

Roblox — Roblox shares plummeted 6.7% after Morgan Stanley downgraded the gaming business to underweight from equal weight, citing the stock’s recent outperformance as limiting the upside.

Discover — Despite exceeding estimates for earnings per share and revenue, the online bank lost 7.3%. Discover increased its reserve for credit losses over the previous year, presumably indicating that company anticipates a worse economy in the future.

CureVac — The biopharmaceutical business gained 8.2% after UBS upgraded it to buy from neutral, citing Phase 1 data for an influenza therapy that employs mRNA that revealed a “major infection site.”


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