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Stocks making the biggest moves premarket: Bristol-Myers Squibb, Costco, Super Micro Computer and more

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HP Inc,Bumble Inc,Novo Nordisk A/S

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines in premarket trading. Bristol-Myers Squibb — The biopharmaceutical stock jumped 5.3% after the Food and Drug Administration approved Cobenfy as a treatment of schizophrenia for adults. It marks the first new type of treatment for the mental disorder in several decades. Novo Nordisk – U.S.-listed shares of the Danish health care company slid 2.9% after JPMorgan said to expect a lower sales figure than Wall Street expects for the third quarter.

This comes after Hindenburg Research revealed it had taken a short position in the company last month, listing "fresh evidence of accounting manipulation" as a reason. Cassava Sciences — Shares tumbled 11.5% after the biotech company settled a case with the Securities and Exchange Commission over "misleading claims" regarding an Alzheimer's clinical trial. Cassava Sciences agreed to pay civil penalties of $40 million dollars.

 

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