Take a look at some of the biggest drivers in the pre-market:
GenMark Diagnostics (GNMK) – GenMark will be purchased by Swiss pharmaceutical company Roche for $ 1.8 billion in cash, or $ 24.05 per share. The shares of the American manufacturer of molecular diagnostic tests closed at $ 18.50 a share on Friday. GenMark grew 29.2% in pre-market stocks.
NXP Semiconductors (NXPI), Penn National Gaming (PENN), Generac (GNRC), Caesars Entertainment (CZR) – The shares will join the S&P 500 as part of the index’s quarterly rebalancing. NXP jumped 8.1% in the pre-market, with Penn up 5.8%, Generac up 3.6% and Caesars up 4.8%.
Carnival (CCL) – Carnival CEO Arnold Donald told the Financial Times that he sees at least two more difficult years for the cruise industry. Donald said the cruise operator’s entire fleet may be sailing by the end of the year, but 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 cinemas in Los Angeles, starting with two locations today. She plans to open the remaining 23 theaters in Los Angeles on Friday, and hopes to have all 56 locations in California open by then, pending local approvals. AMC jumped 8.7% in pre-market trade.
Shaw Communications (SJR) – The Canadian communications company has agreed to be bought by rival Rogers Communications for C $ 26 billion including debt ($ 20.9 billion in US dollars). Shaw’s shares in the United States were up 53% in the pre-market.
Ford Motor (F) – Ford will recall 2.9 million vehicles to check for defective Takata airbags on the driver’s side. The National Highway Traffic Safety Administration asked Ford to do so in January, and the automaker plans to start notifying owners on April 1.
Gilead Sciences (GILD), Merck (MRK) – Pharmacists will study a combination of their experimental drugs to treat HIV. Gilead and Merck will assess the effectiveness of the drug cocktail, even when taken only every few months.
Eli Lilly (LLY) – Eli Lilly said that her experimental treatment for Alzheimer’s modestly slowed the decline in patients over an 18-month period in an intermediate study. Lilly has already started a second treatment study. Lilly fell 5.3% in the pre-market.
Lordstown Motors (RIDE) – Lordstown said it would issue a “complete and complete” statement in the next few days, which the electric truck maker said it would refute a critical report from short seller Hindenburg Research. Lordstown said the report contains “half-truths and lies”. Its shares rose 5.9% in the pre-market.
XPeng (XPEV) – XPeng received an investment of US $ 76.8 million from the Guangdong provincial government, where the Chinese electric vehicle manufacturer is headquartered and has two factories. XPeng added 4.2% to the pre-market share.
Dollar General (DG) – The discount retailer was raised to “overweight” from “neutral” at Atlantic Equities, which cited appreciation, as well as a positive impact from spending on stimulus checks and continued gain in market share.
AstraZeneca (AZN) – Ireland has become the last country to stop using AstraZeneca’s Covid-19 vaccine, following reports from Norway about blood clots in some patients. Authorities said they took the action “out of caution,” although AstraZeneca said its analysis of more than 17 million people showed no increased risk of blood clots.
United Airlines (UAL), American Airlines (AAL), Delta Air Lines (DAL), Southwest Airlines (LUV) – Airline shares are gaining ground after the Transportation Security Administration said airport screening levels have reached maximum of one year. Separately, Southwest said passenger demand continues to improve this month. United rose 3% in the pre-market, American rose 4.3%, Delta rose 2% and Southwest rose 1.3%.
DraftKings (DKNG) – The sports betting company announced a proposal to offer $ 1 billion in convertible notes due in 2028. DraftKings fell 3.5% in pre-market negotiations.