Premarket Stock Movements: Alibaba, Quest Diagnostics, On Holding and Others
Several stocks are making significant premarket moves due to recent announcements or developments. Alibaba's stock rose over 3% after its CEO announced ambitious data center expansion plans for Alibaba Cloud by 2032 and unveiled a new chip at the Apsara Conference. Quest Diagnostics and Labcorp Holdings both fell more than 5%, reacting negatively to news that Medicare will align payment rates with private sector levels, reducing reimbursement rates. Vicor shares surged nearly 9% after raising its Q3 revenue guidance significantly above previous expectations. On Holding's stock jumped over 6% following the announcement of new financial targets and a $1 billion share repurchase plan by December 2029 at an investor day event.
Tickers: $BABA $DGX $GME $LH $ON $VICR
Topics: Alibaba chip launch data centers GameStop Labcorp Holdings Medicare payments meme stock activity On Holding Quest Diagnostics revenue guidance share buybacks Vicor