Premarket stock moves: Nike, ON Semiconductor, Synaptics, Vylor and more
Premarket movers: Nike, ON Semiconductor, Synaptics, and Seagate shift on news See who jumped or fell before the open and what it could mean for trading
Several stocks moved sharply before the opening bell on Friday, led by Nike after the company reported weakerthanexpected fiscal firstquarter revenue. Nike said sales fell 4% and pointed to continued pressure in China, while also outlining plans to reduce staff in 2027.
ON Semiconductor and Synaptics rose after reports that ON Semiconductor agreed to acquire Synaptics for $123 per share in cash. The transaction is now valued at about $5.7 billion, below an earlier $7 billion figure.
Other notable premarket movers included Nexalin Technology, which fell after announcing a longterm distribution and manufacturing deal for its neurostimulation device in South America, and Vylor, which edged higher after being added to the S&P 500 following its spinoff from Corteva. Seagate Technology and Western Digital also declined after a report that Toshiba plans to expand hard disk drive production capacity and invest in new facilities in the Philippines.