Biggest Stock Movers Premarket: Nike, Dynavax, UiPath

U.S. stock market futures were slightly down ahead of the Christmas holiday. S&P 500 futures slipped 0.1%, moving a bit lower after recently touching a record high.

UiPath shares rose over 8% in premarket trading after the company announced it will be added to the S&P MidCap 400 index. UiPath will replace Synovus Financial, with the change taking effect on January 2.

AST SpaceMobile stock climbed 2.3% after the company successfully launched its biggest satellite yet from India. This launch is part of its plan to expand mobile connectivity through satellites and compete with SpaceX.

Dynavax Technologies shares surged 37% after Sanofi said it plans to buy the company. Sanofi offered $15.50 per share in cash, valuing Dynavax at about $2.2 billion.

Nike stock gained 2.3% after it was revealed that Apple CEO Tim Cook bought nearly $3 million worth of Nike shares. The news caught investors’ attention because Cook is also on Nike’s board.

Ramaco Resources jumped nearly 7% after announcing a share buyback plan of up to $100 million, showing confidence in its financial strength.

Meanwhile, Intel shares fell 2.7% after a report said Nvidia tested Intel’s new chip-making process but decided not to continue. This raised concerns about Intel’s plans in chip manufacturing.