Check out some of the biggest drivers in the front market:
Apollo Global (APO), Athens (ATH) – The shares of the private equity firm rose 8% in trading on the market following the news that it will merge with the retirement services company Athens in a share transaction with a value of Athens at about $ 11 billion. Athens shares rose 19.6%.
McAfee (MCFE) – The shares of the cybersecurity company rose 10.9% in market trading following the news that it sold its business to private 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 cleared theme parks and stadiums to open on April 1 with lower capacity. Separately, Disney’s “Raya and the Last Dragon” was the weekend’s box office with $ 8.6 million in ticket sales, though the opening was muted after movie theater chain Cinemark (CNK) refused to show the film. Disney rose 1.5% ahead of market.
General Electric (GE) – GE is close to a $ 30 billion deal to merge its aircraft rental operations with the Irish AerCap (AER), according to people familiar with the matter who spoke to The Wall Street Journal. An announcement is expected as soon as today about GE’s latest restructuring process. Its share jumped 2.3% in the pre-market, while AerCap shares rose 12.3%.
Adaptive Biotechnologies (ADPT) – Adaptive Biotechnologies has received emergency use approval from the Food and Drug Administration for its “T-Detect” test that confirms a recent or previous Covid-19 infection in patients. Its shares rose 11.3% in the pre-market action.
AT&T (T) – AT&T said the Securities and Exchange Commission’s allegations against three employees were ruthless and promised to challenge them. The SEC claims that employees selectively shared information about smartphone sales in 2016, which led analysts to lower their revenue forecasts.
Bumble (BMBL) – The dating service operator has received a number of positive recommendations from analysts, with Cowen rated the stock as ‘better’ in new coverage, and Stifel and Citi have started coverage with a ‘buy’ rating, and Bumble shares rose 3.4% on Friday. Analysts believe Bumble is ready for an increase in use after the pandemic. Despite the positive recommendations, the stock fell 2.8% in pre-trading.
GameStop (GME) – The video game retailer’s share continues its volatile trading following more momentum related to Reddit, with 11.4% in the futures market, after rising for three live sessions late last week.
Xpeng (XPEV) – China-based electric vehicle maker rose 2.2% in market trading after reporting a loss of $ 120.7 million for its most recent quarter, 42% smaller than in the last quarter. Xpeng rival Nio (NIO) fell 3.1% in market action after Jeffries lowered its price target on the stock from $ 60 to $ 38.80.
Facebook (FB) – According to the lawyers for four plaintiffs who spoke to Reuters, an investigation into Facebook’s bias has been labeled ‘systemic’ by the Equal Commission for Employment Opportunity. The plaintiffs accuse Facebook of prejudice in the hiring and promotions, although the EEOC has made no allegations against the social media giant, and the investigation may not result in any findings of misconduct. Facebook lost 1% in the pre-trade.
Coherent (COHR) – Coherent said a revised takeover proposal from optical electronics maker II-VI (IIVI) is better than its pending merger with Lumentum (LITE). Coherent – a developer of laser-based technology – gave Lumentum PT on March 11 until 11:59 pm PT to submit a revised proposal, or he intends to II-VI’s proposal of $ 170 per share in cash and 1,0981 shares of II-VI ordinary accept. stock for each cohesive share. II-VI share fell by 2.2% in the futures market.
FF Corp (VFC) – FF has been upgraded to ‘buy’ of ‘likes’ at Pivotal Research, which mentioned a variety of factors, including relatively easy comparable sales for Vans and a positive outlook for North Face and Timberland.
Pearson (PSON) – Pearson shares rose 5.9% in market action after the educational publishing industry announced a strategy update aimed more directly at consumers.