Check out some of the most important premarket engines:
Apollo Global (APO), Athene (ATH) – Shares of private equity firm gained 8% in premarket trading following news that it will merge with retirement services company Athene in a securities transaction it values Athene at about $ 11 billion. Shares of Athens rose 19.6%.
McAfee (MCFE) – The cybersecurity company’s shares jumped 10.9% in premarket trading, following news that it sold its business to private company Symphony Technology Group for $ 4 billion in cash.
Walt Disney (DIS): Disney will be able to reopen Disneyland after more than a year. California officials authorized theme parks and stadiums to open with reduced capacity on April 1st. Separately, Disney’s “Raya and the Last Dragon” topped the weekend box office with $ 8.6 million in ticket sales, though that opening was silenced after the Cinemark movie chain ( CNK)) refused to show the film. Disney rose 1.5% ahead of the market.
General Electric (GE) – GE has close to a $ 30 billion deal to merge its aircraft rental business with Ireland’s AerCap (AER), according to people familiar with the matter who spoke to The Electric. Wall Street Journal. An announcement is expected as soon as whatever GE’s latest restructuring move would be. Its shares jumped 2.3% in the pre-market, while AerCap shares rose 12.3%.
Adaptive Biotechnologies (ADPT): Adaptive biotechnologies received emergency use authorization from the Food and Drug Administration for their “T-Detect” test confirming a recent Covid-19 infection or previous in patients. Its shares soared 11.3% in premarketing stock.
AT&T (T) – AT&T said the Securities and Exchange Commission allegations against three employees have no merit and pledged to challenge them. The SEC alleges that employees selectively shared information about smartphone sales in 2016, prompting these analysts to lower revenue forecasts.
Bumble (BMBL): The dating service operator received several recommendations from positive analysts, with Cowen’s rating “exceed” the shares of the new coverage and Stifel and Citi began coverage with the rating of “buy” and Bumble shares rose 3.4% on Friday. Analysts believe Bumble is poised for a post-pandemic use jump. Despite the positive recommendations, shares fell 2.8% in premarket trading.
GameStop (GME): The shares of the video game retailer continue their volatile trading amid more Reddit-related momentum, up 11.4% in the market before rising three consecutive sessions late last week.
Xpeng (XPEV) – China-based electric vehicle maker shares gained 2.2% in premarket trade after reporting a $ 120.7 million loss in its last quarter, a 42 % smaller than the previous quarter. Xpeng competitor Nio (NIO) fell 3.1% in pre-market shares after Jeffries lowered the stock market’s target price to $ 38.80 from $ 60.
Facebook (FB): An investigation into Facebook’s racial bias by the Equal Employment Opportunity Commission has been designated as “systemic,” according to the lawyers of four plaintiffs who spoke to Reuters. Plaintiffs accuse Facebook of bias in hiring and promotions, even though the EEOC has not filed a complaint against the social media giant and the investigation may not lead to any finding of wrongdoing. Facebook lost 1% in premarket trading.
Coherent (COHR) – Coherent said a revised acquisition proposal from optical electronics manufacturer II-VI (IIVI) is superior to its pending merger agreement with Lumentum (LITE). Coherent, a developer of laser-based technology, gave Lumentum until 11:59 pm PT on March 11 to submit a revised proposal, or intends to accept the $ 170 II-VI proposal per share in cash and 1,0981 shares of II-VI common shares for each coherent share. Shares II-VI fell 2.2% in the pre-market.
VF Corp (VFC) – VF was upgraded to “buy” from “retain” at Pivotal Research, which cited several factors, including relatively easy comparable sales comparisons for Vans and a positive outlook for North Face and Timberland.
Pearson (PSON) – Pearson shares jumped 5.9% in premarketing shares after the educational publisher announced an update to the strategy that targets consumers more directly.