These 2 Nasdaq Biotechs Are Making Huge Premarket Moves Monday

Stocks have bounced back sharply in the past week, and so it's reasonable for market participants to take a slight pause coming into Monday morning's open. As of 8:30 a.m. EDT, futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were down about a quarter percent, which was in line with the broader stock market. Valneva (NASDAQ: VALN) saw its shares move strongly higher in premarket trading Monday morning, while the news was bad for industry peer Revance Therapeutics (NASDAQ: RVNC).