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Uber, Red Hat, Remington Outdoor Brands and more - PRE-MARKET

A look at today's pre-market trade in New York before the bell

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A number of firms, including Uber were in focus, ahead of the bell

US stocks are set for a higher start after Friday's plunge and plenty of stocks are in focus.

In focus in today's trade is likely to be high profile taxi app Uber, which is selling its business in Southeast Asia to local rival Grab. It had already admitted defeat in China and Russia.

 

The sale marks a further retreat from international operations for Uber, after it sold its China business to local rival Didi Chuxing.

Meanwhile, Red Hat Inc (NYSE:RHT) shares added 4.47% to US$154.51 before the bell in New York. Analysts expect the firm to post quarterly earnings at US$0.81 per share on revenues of US$761.60mln after the closing bell.

Elsewhere, private firm Remington Outdoor Brands, among the best-known gun makers in the world, filed for bankruptcy on Sunday. It is aimed at allowing the group to stay in business while restructuring its debt.

Biohaven Pharmaceutical Holding Co Ltd (NYSE:BHVN) shares shed around 1% before the New York bell after the firm revealed that it has achieved both co-primary regulatory endpoints in its two pivotal Phase 3 trials of rimegepant for the acute treatment of migraine.

Quick facts: Uber Technologies Inc

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Price: 45.98 USD

Market Cap: $86.64 billion

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