Affirm, Canada Goose, PDD and Avidity rise premarket; Zscaler falls

investing.com:

Investing.com — U.S. futures traded largely flat Tuesday, as investors awaited details of retail sales on Cyber Monday as well as more comments from a number of Fed officials.

Here are some of the biggest premarket U.S. stock movers today:

Affirm Holdings (NASDAQ:AFRM) stock rose 4.9% with the buy now, pay later company expected to benefit from strong Cyber Monday sales.

Zscaler (NASDAQ:ZS) stock fell 6.6% after the cybersecurity company kept its full-year billings forecast unchanged even after it topped estimates with its results for the latest quarter.

Avidity Biosciences (NASDAQ:RNA) stock soared over 40% after Bristol-Myers Squibb (NYSE:BMY), up 0.2%, announced it was taking a stake in the biotech company as part of a broader licensing and research deal.

PDD Holdings (NASDAQ:PDD) stock soared 15% after the Chinese e-commerce firm, formerly known as Pinduoduo (NASDAQ:PDD), posted better than anticipated sales in the third quarter.

Canada Goose (NYSE:GOOS) stock rose 2.9% after the company which makes primarily winter clothing acquired its first European manufacturing plant in Romania.

General Motors (NYSE:GM) stock rose 0.3% after the Financial Times reported that the auto giant will scale back spending on its self-driving unit Cruise, after a pedestrian accident last month.

Adobe (NASDAQ:ADBE) stock fell 0.8% after the U.K.’s competition regulator said the company’s $20 billion Figma purchase raises competition concerns.

Boeing (NYSE:BA) stock rose 1.6% after RBC Capital Markets upgraded the aerospace company to ‘outperform’ from ‘sector perform’, citing a “significant shift in sentiment”.