Take a look at some of the major engines on the premarket:
GenMark Diagnostics (GNMK) – GenMark will be bought by Swiss pharmaceutical company Roche for $ 1.8 billion in cash, or $ 24.05 per share. Shares of the US-based molecular diagnostic test maker had closed at $ 18.50 a share on Friday. GenMark was up 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 index rebalancing. NXP was up 8.1% in premarket trading, Penn was up 5.8%, Generac was up 3.6% and Caesars was 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 line operator’s entire fleet could be sailing by the end of the year, but that it will take at least until 2023 for revenue to return to pre-Covid levels. Carnival was up 1.2% in the premarket.
AMC Entertainment (AMC): AMC will begin reopening theaters in Los Angeles, beginning with two locations today. It plans to open the remaining 23 theaters in Los Angeles on Friday and expects to have all 56 California locations open by then, depending 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 C $ 26 billion, including debt (US $ 20.9 billion). Shaw’s US shares were up 53% on the previous market.
Ford Motor (F): Ford will recall 2.9 million vehicles to check for potentially defective Takata driver-side airbags. The National Highway Traffic Safety Administration had asked Ford to do so in January, and the automaker plans to begin notifying owners on April 1.
Gilead Sciences (GILD), Merck (MRK) – Drug makers 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 only every few months.
Eli Lilly (LLY) – Eli Lilly said his experimental treatment for Alzheimer’s disease moderately slowed the decline in patients over an 18-month period in a mid-stage study. Lilly has already started a second study of the treatment. Lilly fell 5.3% in the premarket.
Lordstown Motors (RIDE) – Lordstown said it will issue a “complete and comprehensive” 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 were up 5.9% in premarket trading.
XPeng (XPEV) – XPeng obtained a $ 76.8 million investment from the Guangdong provincial government, where the Chinese electric vehicle manufacturer is based and has two manufacturing plants. XPeng added 4.2% in premarket shares.
Dollar General (DG): The discount retailer was upgraded to “overweight” from “neutral” in Atlantic Equities, which cited the valuation, as well as a positive impact from stimulus check spending and continued market share gain.
AstraZeneca (AZN) – Ireland became the latest country to discontinue use of AstraZeneca’s Covid-19 vaccine, following reports from Norway of blood clots in some patients. Officials said they took the move “as a precaution,” although 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 traction after the Transportation Security Administration said inspection levels of the airport are now at one-year highs. Meanwhile, Southwest said passenger demand continues to improve this month. United was up 3% in premarket, American was up 4.3%, Delta was up 2% and Southwest was up 1.3%.
DraftKings (DKNG) – The sports betting company announced a proposed $ 1 billion offering in convertible notes due 2028. DraftKings fell 3.5% in premarket trading.