Merck, High Tide, Square: What to Watch When the Stock Market Opens Today

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U.S. stock futures wobbled, as rising energy prices exacerbated concerns about inflation, and lingering worries about China’s property sector weighed on sentiment. Individual stocks were also seeing muted trading ahead Tuesday’s opening bell. Here’s what is moving:

  • Shares of CureVac CVAC -1.37% plunged 15% premarket after the German drug maker said its shot—once considered a promising Covid-19 vaccine candidate—would arrive too late to have a viable market. The company is shelving its most advanced Covid-19 vaccine and focusing on a new version.
  • NanoVibronix NAOV 17.65% shares fell 7% premarket Tuesday. Shares closed more than 17% higher on Monday after the healthcare device company said results were positive from a study of its tennis elbow treatment.
  • Shares of cannabis company High Tide HITI -1.06% jumped 10% premarket after its wholly-owned subsidiary Canna Cabana received approval to operate in British Columbia.
  • Shares of Merck MRK -0.87% edged up 1.2% premarket a day after it and partner Ridgeback Biotherapeutics said they have filed an application asking U.S. health regulators to authorize their Covid-19 pill, the next step toward adding a long-sought drug for use at home.

The Merck & Co. campus in Rahway, N.J., July 12, 2018.

Photo: brendan mcdermid/Reuters

  • Digital payments company Square SQ -2.58% was up 1.2% ahead of the bell, with no clear news though the stock was among the trending tickers on Stocktwits.
  • Westwater Resources WWR 2.65% shares rose more than 10% premarket as the battery-grade graphite company approved Phase 1 construction of the Coosa Graphite Project in Alabama.
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