Investing.com -- Stocks in focus in premarket trade on Tuesday, October 3rd. Please refresh for updates.
Point Biopharma (NASDAQ:PNT) shares spiked after Eli Lilly & Co (NYSE:LLY) announced that it had agreed to buy the cancer biotech for around $1.4 billion to expand its oncology therapies into radioligand treatments, which deliver radiation to tumor cells at a closer range.
ALX Oncology (NASDAQ:ALXO) shares soared after it unveiled interim mid-stage data for a trial of its drug treating advanced gastric cancer.
McCormick (NYSE:MKC) stock slid after the spice maker posted weaker-than-expected net sales for the recent quarter and a bigger-than-anticipated drop in product volume due in part to flagging demand in its Asia-Pacific operations.
Airbnb (NASDAQ:ABNB) shares fell after analysts at KeyBanc Capital Markets lowered their rating of the short-term home rental business, citing an easing in post-pandemic travel activity.
Warner Music Group (NASDAQ:WMG) shares moved higher after analysts at UBS raised their rating of the entertainment firm to buy from neutral.
HP (NYSE:HPQ) shares gained following an upgrade of the stock by Bank of America analysts to buy from underperform.
Oddity Tech Ltd. (NASDAQ:ODD) stock climbed after analysts at Truist Securities improved their rating to buy from hold, citing the beauty and wellness platform's "compelling" valuation.