Take a look at some of the biggest drivers of Primarkt:
Zynga (ZYNG) – Shares of the online game maker are up 48.2% in the primary market after it agreed to be acquired by video game maker Take-Two Interactive (TTWO) for $9.86 per share in cash and stock, implying a total deal value It amounted to 12.7 billion dollars. . Take-Two is down 8.9%.
Lululemon (LULU) — The sports apparel maker said it now expects fourth-quarter earnings and revenue to come at the lower end of expected ranges, saying it has suffered a number of negative outcomes from the spread of the Covid-19 omicron variant. Lululemon is down 6.5% in pre-market activity.
Apria (APR) — The home health care provider has agreed to be acquired by health care equipment and services company Owens & Minor (OMI) for $1.45 billion in cash, or $37.50 per share. Apria closed Friday at $29.72 per share, and its stock is up 24.5% in premarket trading. Shares of Owens and Minor fell 9.1%.
Tilray (TLRY) – Tilray gained 3.6% in pre-market trading after reporting an unexpected quarterly profit. Revenue increased 20% from the previous year due to increased demand for cannabis products, although its sales were lower than analysts’ expectations.
Beam Therapeutics (BEAM) – Shares of Beam jumped 5.3% in the primary market after announcing a new partnership with Pfizer (PFE). Pfizer will collaborate with Beam, which specializes in gene editing, to develop treatments for rare genetic diseases.
ViacomCBS (VIAC) — ViacomCBS rose 3.2% in the primary market after Deutsche Bank raised the media company’s shares to “buy” from “hold,” based on upbeat prospects for its live broadcasting business and the prospect of continued industry consolidation.
Sinclair Broadcast Group (SBGI) — Sinclair is close to finalizing a deal to move NBA games on its planned new streaming app, according to a Bloomberg report citing people familiar with the matter. The deal may be announced as soon as this week. Sinclair gained 1.4% in pre-market activity.
SolarEdge Technologies (SEDG) — SolarEdge has been added to Goldman Sachs’ “Conviction Buy” list, raising the solar equipment company’s stock price target to $448 a share from $420 a share. Goldman cites improvements in battery storage capacity as well as the company’s prospects for increased profit margins. SolarEdge is up 2.4% in the market.
Shockwave Medical (SWAV) — Penumbra (PEN) is exploring blending with a competing medical device maker, according to people familiar with the matter who spoke to Bloomberg. However, Penumbra told Bloomberg in an emailed statement that it is not in discussions with Shockwave to pursue a similar business group or transaction. Shockwave jumped 6% in pre-market trading.
Dell Technologies (DELL) – Bernstein upgraded Dell to “outperform” from “market performance,” citing Dell’s roughly six-week backlog in the PC business as well as a relatively high business-to-consumer mix. Dell added 2.4% to the market.