Take a look at some of the biggest moving agents in the premarket:
GenMark Diagnostics (GNMK) – GenMark will be bought by Swiss doctor Roche for $ 1.8 billion in cash or $ 24.05 per share. Shares of the US molecular diagnostic test maker closed at $ 18.50 a share on Friday. GenMark increased by 29.2% in premarket stock.
NXP Semiconductors (NXPI), Penn National Gaming (PENN), Generac (GNRC), Caesars Entertainment (CZR) – Shares will join the S&P 500 as part of the quarterly rebalancing of the index. NXP rose 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 more tough years for the cruise industry. Donald said the full cruise line operator’s 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 increased by 1.2% in the premarket.
AMC Entertainment (AMC) – AMC will begin reopening cinemas in Los Angeles, starting with two locations today. He plans to open the other 23 theaters in Los Angeles on Friday and hopes to have all 56 locations in California open by then, according to local approvals. AMC increased by 8.7% in premarket trade.
Shaw Communications (SJR) – The Canadian communications company has agreed to be bought by rival Rogers Communications for C $ 26B, including debt ($ 20.9B in US dollars). Shaw’s US shares rose 53% in the premarket.
Ford Motor (F) – Ford will recall 2.9 million vehicles to check for potentially defective Takata airbags from the driver. The National Highway Traffic Safety Administration asked Ford to do so in January, and the carmaker plans to start notifying owners from April 1.
Gilead Sciences (GILD), Merck (MRK) – Drug manufacturers will study a combination of their experimental drugs to treat HIV. Gilead and Merck will look at the effectiveness of the drug cocktail even when taken only every few months.
Eli Lilly (LLY) – Eli Lilly said his experimental treatment for Alzheimer’s has modestly slowed the decline of patients over an 18-month period in a mid-stage study. Lilly has already begun a second study of treatment. Lilly fell 5.3% in the premarket.
Lordstown Motors (RIDE) – Lordstown said it would issue a “full and complete” statement in the coming days that the electric truck manufacturer had rejected a critical report by short seller Hindenburg Research. Lordstown said the report contained “half-truths and lies”. Its shares increased by 5.9% in premarket trading.
XPeng (XPEV) – XPeng has received a $ 76.8 million investment from the Guangdong provincial government, where the Chinese electric vehicle manufacturer is located and has two factories. XPeng added 4.2% in premarket stock.
Dollar General (DG) – The discount retailer was upgraded to “overweight” from “neutral” at Atlantic Equities, which cited the valuation as well as a positive impact on stimulus verification spending and continued market share gains.
AstraZeneca (AZN) – Ireland has become the latest country to suspend the use of AstraZeneca’s Covid-19 vaccine, following reports from Norway of blood clots in some patients. Officials said they took the measures “out of an abundance of precaution”, although AstraZeneca said its analysis 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 Safety Administration said airport screening levels are now at a maximum of one year. Separately, Southwest said passenger demand continues to improve this month. United rose 3% in the premarket, the American rose 4.3%, Delta rose 2%, and Southwest rose 1.3%.
DraftKings (DKNG) – Sports betting company has announced a proposed $ 1 billion offer in convertible notes due in 2028. DraftKings has fallen 3.5% in premarket trading.