A paramedic prepares doses of the AstraZeneca vaccine for patients at a walk-in Covid-19 clinic at a Buddhist temple in the Sydney suburb of Smithfield on August 4, 2021.

Saeed Khan | AFP | Getty Images

Check out the companies making headlines in early trading.

AstraZeneca – Shares of the British pharmaceutical company rose more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial to treat a common type of breast cancer.

Wayfair – Shares rose more than 2% after Bernstein upgraded the home merchandiser to “market perform” from “underperform.” The company cited improved sales growth and margin comments.

Chinese e-commerce stocks – U.S.-listed shares of Alibaba and PDD Holdings rose nearly 4% in premarket trading, while JD.com rose 3.3%. Bloomberg reported that China is considering easing rules that limit foreign investment in domestic listed companies.

Seagen – Shares of the biotech company rose nearly 4% in premarket trading after the company reported positive topline results from a clinical trial to treat patients with previously untreated bladder cancer. The results showed that the treatment improved both overall survival and progression-free survival compared to chemotherapy.

Deere – The tractor maker fell about 1% after Canaccord Genuity downgraded shares to “hold” from “buy,” citing slowing growth in large farm equipment and normalizing dealer inventories.

Arm Holdings – Shares of the chip designer rose 1.3% in premarket trading. The stock rose nearly 25% in its public debut but is now trading just above its initial public offering price of $51. Susquehanna gave a neutral rating on the company in a statement Friday.

Charter Communications – Shares rose about 2% after Wells Fargo upgraded Charter Communications to overweight, saying its mobile roll-to-pay offering and rural growth should help accelerate EBITDA and free cash flow .

Ralph Lauren – Shares of the clothing brand rose nearly 1% after Raymond James initiated an overweight rating in a note Thursday evening. Analyst Rick Patel predicts a 20% upside from the stock’s closing price on Thursday.

Yeti – Shares fell about 0.4% in premarket trading. Jefferies on Friday named Yeti a “best-in-class” favorite in drinkware, even as the market expands with new entrants.

— CNBC’s Pia Singh, Sarah Min, Samantha Subin, Tanaya Macheel, Brian Evans and Michelle Fox contributed reporting.

Source : www.cnbc.com

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