Beyond Meat, Sea, MillerKnoll, GM: What to Watch When the Stock Market Opens Today

Stock futures are wavering ahead of the release of minutes from the Federal Reserve’s latest policy meeting. Here’s what’s moving in Wednesday’s trading:

  • Beyond Meat BYND -5.01% is enjoying a Colonel Sanders rally premarket, rising 10% ahead of the bell after the plant-based meat producer said its faux fried chicken product is coming to KFC locations in the U.S. next week.

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products for sale on Nov. 15, 2019 in New York City.

Photo: angela weiss/Agence France-Presse/Getty Images

  • Longeveron LGVN -4.05% shares rocketed 22% higher premarket. The biotech said in a press release that it was launching a phase 2a clinical trial for a treatment for Alzheimer’s disease.
  • Shares of Mainz Biomed MYNZ -1.52% soared 83% premarket after the molecular genetics diagnostic company said it secured an exclusive license to a portfolio of novel mRNA biomarkers for potential integration into a test for colorectal cancer.
  • General Motors GM 7.47% edged down 0.9% premarket while Toyota TM 6.92% was little changed. The Japanese auto maker outsold GM for the first time last year as a global computer-chip shortage dealt an uneven blow to car businesses.
  • MillerKnoll MLKN -1.58% slid 4.1% off hours. The furniture maker said losses widened in the fiscal second quarter as supply chain and labor disruptions affected sales despite strong order demand.
  • Smart Global Holdings SGH -0.38% dropped 3.8% premarket. The technology firm announced a 2-for-1 share split as it reported a first-quarter profit surge and 61% sales increase.
  • U.S.-traded shares of Sea SE -11.41% were feeling seasick premarket, falling 1.7% after Tuesday’s 11% drop. Tencent cut its stake in the highly valued Southeast Asian internet company, shedding an ownership position that was worth about $3 billion.
  • Alexandria Real Estate Equities ARE 0.45% slipped 5.5% premarket after the office REIT set the pricing for a public offering of 7 million shares.
  • Simply Good Foods SMPL 0.64% shares jumped 2.1%. The Denver-based food company, which makes products under the Atkins and Quest brands, reported an earnings beat and raised its sales forecasts for the year.
  • Landec LNDC -0.54% is among the companies reporting earnings Wednesday.
Chart of the Day
  • Stocks usually rise between Christmas and right after New Year’s—but this year the Nasdaq Composite missed the mark.

Write to James Willhite at james.willhite@wsj.com

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