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Nike, Bank of America, Blue Apron and more- PRE-MARKET

A look at the movers and shakers in pre-market deals
Nike, Bank of America, Blue Apron and more- PRE-MARKET
What's hot and what's not in pre-market deals

Sports shoe giant Nike was running away with it in pre-market after news that its sneakers will be sold online via Amazon (NASDAQ:AMZN).

Shares raced up almost 6% to $56.30 as this news plus he fourth quarter numbers cheered investors.

The 'Sage of Omaha', aka Warren Buffet, was also back in the news as he is to become the largest shareholder in Bank of America (NYSE;BAC) by taking up warrants Berkshire Hathaway received when it bought preference shares.

Berkshire will buy 700mln shares through the warrant exercise, giving it a stake of around 6.6% that puts it just ahead of the Vanguard Guard. Berkshire's stake is reportedly worth over$17b.

BAC shares added 0.86% in pre-market.

Elsewhere, meal kit outfit Blue Apron, whose stock market debut was much flagged, did begin trading yesterday.

It began trading flat - at around the issue price - of $10 a share, and then dipped slightly in after hours deals.

Meanwhile, Microsoft Corporation (NASDAQ:MSFT) is reportedly preparing to unveil a major new restructuring, according a Seattle-based media outlet.

Puget Sound Business Journal, a subscription publication, citing sources claimed the reorganisation would better align Microsoft with its ‘cloud-first’ strategy.

Shares in Microsoft eased a tad lower- 0.04% - in pre-market deals.

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