premarket is wild today, some stocks making big moves, tbh not sure what to make of it yet

probablynothing2: ngl i think it's actually pretty predictable when you look at the biotech sector, $VRTX and $BIIB are moving on actual news for once

zhen_invests: i dont think its that simple, very hard to seperate teh news from market sentiment for me, $VRTX and $BIIB is moving alot but whats driving it??

fox94: @probablynothing2 i am confuse because $NVAX is moving alot too and thats not really biotech news driven ^^

matt_income: @zhen_invests i think the drivers are pretty clear, imo it's just a matter of watching the dividend yields for $VRTX and $BIIB to see how they're being revalued

exitliquidity: I'm not seeing much unusual activity in $SPY options, ngl, it seems like a relatively normal premarket to me, no?

gatsbybinary: lol i dont think its wild at all, alot of these moves are just a reaction to $VRTX's news from last week

elliecharts: omg this premarket action is alot more crazy than i thougt it would be anyway 🙏

touchgrass21: @gatsbybinary actually i think the $VRTX news is only part of it, theres a lot of other stuff moving that doesnt seem directly related

zhen_invests: i dont think $VRTX news alone explain all teh moves we seeing today, very likely alot of other factors at play here too

aragorn_catalyst: imo premarket action is often just noise, i'm waiting to see how things settle after the bell before making any sense of it

x_leon: dont think its that wild tbh, $spy and $qqq are just bouncing off suppport levels like they usually do

karamkt: ngl i think the $VRTX news is a bigger factor than youre giving it credit for, alot of these moves seem like a ripple effect from that imo

runn3rdud3: @karamkt fr that's a pretty good point, been watching $VRTX all morning and it's def had a ripple effect on some of the other biotechs

seanrunner: this is getting crazy, been waiting for a move like this in $tsla and $nvda for a while now, kinda wild tbh

falcoreit: honestly i think the $JNJ and $PG moves are alot more telling than some of the other stuff going on in premarket, theyre pretty stable companies usually dont swing this much

notadvice21: yeah thats pretty interesting imo, $VRTX always seems to move the needle for those other biotechs

trangrunner: honestly been seeing some weird moves in $nvda too, kinda adds to the confusion hihi

probablynothing2: @falcoreit ngl thats a really good point and now im getting a bit worried about the broader market implications if even those stable giants are moving like this

takumidivs: A bit surprisingly, i think premarket is actually pretty calm today considering the news, my $JNJ and $PG positions are holding steady so far.

elliecharts: @trangrunner yeah alot of these moves are def confusing, anyway $amzn is doing some weird stuff too