Shares of Trupanion Inc. TRUP jumped 16% in premaket trading after the pet-insurance provider announced that California and New York approved double-digit rate increases, saying that the hikes were “necessary in today’s rising cost of veterinary care... Here are some of the biggest movers of the day ahead of Friday’s market open:Shares of Trupanion Inc.
Shares of Smith & Wesson Brands Inc. SWBI jumped 8% after the gun maker reported fiscal fourth-quarter results that topped expectations and said its board approved a 20% dividend hike GSK GSK shares rose more than 5% in premarket trading after the pharmaceutical group said said Friday it has reached a confidential settlement over a lawsuit involving heartburn treatment Zantac and accusations that it causes cancer. The case, which was filed in a California state court, will be dismissed, the company said. Shares of Haleon PLC HLN and Sanofi SNY , also affected by litigation fears, rose modestly.
3M Co. shares MMM rose 3% after the materials and chemicals company, and Dow Jones Industrial Average DJIA component, offered $10.3 billion to settle claims it was responsible for so-called “forever chemicals” in drinking water.Shares of Virgin Galactic Holdings Inc. SPCE dropped 15% in premarket trading after the space-tourism company said late Thursday in a filing it’s seeking to raise $400 million to scale up its business and improve its fleet.
Canopy Growth Corp. shares were down 2% after the Canadian pot producer reported another quarter of deeper-than-expected losses and weaker sales.
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