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Alibaba, Citrix, 23andMe and others

Check out the companies that make headlines before the clock:

Alibaba (BABA) - Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the Chinese-based company's cloud device to see if it posed a risk to US national security. The study is said to focus on how the e-commerce giant stores data from US customers.

Citrix Systems (CTXS) - Citrix rose 2.8% in pre-market trading after a Bloomberg report said Elliott Investment Management and Vista Equity Partners were in advanced negotiations to buy the software company.

23andMe (ME) - The genetic testing company's shares initially rose 6% in the premarket after announcing that drug maker GlaxoSmithKline had taken advantage of its opportunity to extend a partnership with 23andMe. The company will receive a one-time payment of $ 50 million as part of this agreement. The stock subsequently lost its gains and fell 1.4 percent.

Goldman Sachs (GS) - Goldman Sachs fell 2.2% in the pre-market after reporting a mixed fourth quarter. Goldman earned $ 10.81 per share for the quarter compared to a consensus estimate of $ 11.76, even though revenue beat analysts' forecasts.

Gap (GPS) - Gap fell 5.4% in pre-market trading after Morgan Stanley downgraded the clothing retailer's stock to "underweight" from "equilibrium", saying it expects margins for Gap and other mall-based specialty retailers to reverse back to the fallen path seen pre-pandemic.

Credit Suisse (CS) - Credit Suisse President Antonio Horta-Osorio resigned after allegedly violating Covid-19 protocols on several occasions. Horta-Osorio's departure comes after just eight months in the bank. Credit Suisse fell 3.4% in pre-market trading.

Unilever (UL) - Unilever fell 9.8% in pre-market action after the consumer product company made a $ 68 billion bid for GlaxoSmithKline's (GSK) consumer health business. This bid was the third in a series of offers to acquire the device, but all were rejected by Glaxo as the undervalued business. GlaxoSmithKline shares rose 2.6 percent.

Kohl's (KSS) - Activist investor Macellum Advisors is renewing its push for the retailer to increase shareholder value. Macellum owns about 5% of the shares in Kohl's and tells Kohl's that it will either have to change board of directors or hire bankers to investigate a possible sale or other transaction. Kohl's rose 1% in the premarket.

Houghton Mifflin Harcourt (HMHC) - The stock rose 8.3% in the premarket after a Bloomberg report said the training materials publisher is investigating a possible sale of the company. The stock rose 4.5% on Friday after the report first appeared.

Peloton (PTON) - Peloton will start charging for setup and delivery of its bikes and treadmills from January 31, services previously included in the sale price. The peloton will charge $ 250 for setting up and delivering its bikes and $ 350 for its treadmills. The stock fell 2.2% in pre-market trading.


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