Check out the companies making the biggest moves in the pre-market: AeroVironment — This drone maker rebounded 30% after reporting higher revenue and earnings. AeroVironment earned $1.84 per share on revenue of $642 million. Analyst estimates compiled by LSEG were for sales of $559 million and earnings per share of $1.46. Digital Realty Trust — The real estate investment trust fell 4.5% after agreeing to buy a stake in three fully leased data centers from Blackstone for $7.8 billion. Merck, AbbVie — Merck shares fell 0.6% and AbbVie fell 0.5% after Reuters reported that a U.S. House committee had opened an investigation into whether the drugmaker was involved in clinical trials conducted in China to support China’s military. Strategy — Cryptocurrency proxy stocks fell more than 3%, regaining some of Monday’s surge. Strategy soared 22.6% in pre-market trading, snapping an eight-day losing streak. It was also the stock’s biggest single-day increase since February 6, when it soared 49.6%. Seras Life Sciences — Shares rose more than 3%, adding to a 24.7% jump from the previous session. Mr. Seras pushed back on Monday after the company last week disclosed changes to employment contracts with several executives. Specifically, the changes are related to retirement benefits. This could be a regular update, or it could be an indication that a takeover is in progress. — CNBC’s Michelle Fox contributed reporting with Nicholas Wells.
