Check out some of the most important premarket engines:
GenMark Diagnostics (GNMK): GenMark will be bought by Swiss manufacturer Roche for $ 1.8 billion in cash, or $ 24.05 per share. Shares of the U.S.-based molecular diagnostic test maker had closed Friday at $ 18.50 per share. GenMark increased 29.2% in premarketing shares.
NXP Semiconductors (NXPI), Penn National Gaming (PENN), Generac (GNRC), Caesars Entertainment (CZR): Shares will be incorporated into the S&P 500 as part of the quarterly rebalancing of the index. NXP jumped 8.1% in premarket trading, with Penn up 5.8%, Generac up 3.6% and Caesars up 4.8%.
Carnival (CCL) – Carnival CEO Arnold Donald told the Financial Times he sees at least two years harder for the cruise industry. Donald said the cruise line operator’s full fleet could sail by the end of the year, but that it will take at least until 2023 for revenue to return to pre-Covid levels. Carnival rose 1.2% in the pre-market.
AMC Entertainment (AMC) – AMC will begin reopening movie theaters in Los Angeles, starting at two locations today. It plans to open the remaining 23 theaters in Los Angeles on Friday and expects to have the 56 California establishments open by then based on local approvals. AMC jumped 8.7% in premarket trading.
Shaw Communications (SJR): The Canadian communications company agreed to be bought by rival Rogers Communications for $ 26 million, including debt ($ 20.9 million). Shaw’s shares in the United States rose 53% in the premarket.
Ford Motor (F): Ford will recover 2.9 million vehicles to check for potentially defective Takata airbags next to the driver. The National Highway Traffic Safety Administration had asked Ford to do so in January and the carmaker plans to start notifying owners on April 1st.
Gilead Sciences (GILD), Merck (MRK) – Drug manufacturers will study a combination of their experimental drugs to treat HIV. Gilead and Merck will analyze the effectiveness of the drug cocktail even when taken every few months.
Eli Lilly (LLY) – Eli Lilly said his experimental treatment for Alzheimer’s modestly slowed the decline in patients over an 18-month period in a mid-phase study. Lilly has already begun a second study of the treatment. Lilly fell 5.3% in the pre-market.
Lordstown Motors (RIDE) – Lordstown said it would issue a “full and complete” statement in the next few days that the electric truck maker said it would refute a critical report from short seller Hindenburg Research. Lordstown has said the report contains “half-truths and lies”. Its shares rose 5.9% in premarket trading.
XPeng (XPEV) – XPeng obtained a $ 76.8 million investment from the Guangdong Provincial Government, which is home to the Chinese electric vehicle manufacturer and has two manufacturing plants. XPeng added 4.2% in premarketing stock.
General Dollar (DG): The discount retailer was upgraded to “overweight” from “neutral” to Atlantic Equities, which cited the valuation as well as the positive impact of stimulus check spending and continued gains on market share.
AstraZeneca (AZN) – Ireland became the last country to suspend the use of AstraZeneca’s Covid-19 vaccine, following reports from Norway about blood clots in some patients. Officials said they took the action “with great caution,” though AstraZeneca said its review of more than 17 million people did not show an increased risk of blood clots.
United Airlines (UAL), American Airlines (AAL), Delta Air Lines (DAL), Southwest Airlines (LUV) – Airline stocks are gaining ground after the Transportation Security Administration said airport control levels they are now maximums of one year. Separately, Southwest said passenger demand will continue to improve this month. United rose 3% in the pre-market, Americans gained 4.3%, Delta rose 2% and Southwest rose 1.3%.
DraftKings (DKNG) – Sports betting company announced a $ 1 billion convertible bid proposal on convertible securities for 2028. DraftKings fell 3.5% in premarket trading.