Stocks Making the Greatest Movements Premarket 03/07

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Last Updated on March 8, 2023 by Bitfinsider

Meta — Meta stock rose 2% after a Bloomberg story revealed that the business is preparing another round of layoffs as early as this week. In November, the business cut 13% of its staff as part of CEO Mark Zuckerberg’s attempts to make the company more profitable.

Rivian — The electric car manufacturer fell nearly 7% after revealing plans to offer $1.3 billion in notes on Monday. According to Reuters, the money will aid in the debut of Rivian’s R2 vehicles.

World Wildlife Fund International — After unveiling an agreement to buy telehealth firm Sequence, shares of the business formerly known as Weight Watchers rose as much as 17.6% in premarket trading. The action may aid WW’s entry into the anti-obesity drug industry. WW also reported fourth-quarter numbers, which showed a year-over-year decline in sales and a net loss of $32.5 million. However, with a tiny market cap, the company is still trading below $5 per share.

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