Nielsen Holdings, FedEx, LHC Group and more
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Check out these premarket movers:
Nielsen Holdings (NLSN) – The TV ratings company’s stock surged 20.9% in the premarket after it agreed to be acquired by a private-equity consortium for $28 per share. This deal includes assumed debt and is valued at $16 billion.
FedEx (FDX) – FedEx CEO Fred Smith will step down from that role at the company he founded more than 50 years ago. Raj Subramanian will succeed him as President and Chief Operative Officer. Premarket, FedEx shares rose by 2%
LHC Group (LHCG) – UnitedHealth(UNH), will purchase the home care specialist for $5.4 billion in cashThe Wall Street Journal reports that the price is $170 per share. LHC will be part of UnitedHealth’s Optum healthcare-care services unit. LHC shares rose 7.5% during premarket action.
Uber Technologies (UBER) – Uber is close to an agreement with a San Francisco taxi company to include taxis in its ride-hailing platform in that city, according to people familiar with the matter who spoke to The New York Times. Uber reached a similar deal in New York City recently. In premarket trading, the stock gained 1.9%.
Jefferies Financial (JEF) – The asset management firm’s stock rallied 3.7% in the premarket after reporting better-than-expected quarterly profit and revenue. Jefferies reported a profit of $1.23 per share. This is above the consensus estimate at 89 cents per share. However, the profits fell from the previous year in a trading environment that Jefferies called “challenging”.
GameStop (GME) – GameStop remains on watch as the videogame retailer’s stock rides a 10-session winning streak that has seen it gain 143%. Movie theater operator is another “meme stock”. AMC Entertainment(AMC), which soared by 45% Monday was its best day in June since then. GameStop lost 3.5% during premarket trading while AMC fell 4.5%
Stellantis (STLA) – The automaker is laying off an undisclosed number of workers at its Illinois Jeep plant in an effort to “operate the plant in a more sustainable manner.” Last year, the plant experienced several layoffs as it attempted to cope with the effects of the worldwide semiconductor shortage. Premarket trading saw Stellantis share prices rise by 4.5%
Southwest Gas (SWX) – The energy producer will sell $400 million in shares at $74 per share to help repay debt used in its $2 billion acquisition of Questar Pipelines in December. Carl Icahn was opposed to the transaction. The company refused his offer of $82.50 per share for Southwest. The premarket saw Southwest fall 3.4%
Dave & Buster’s (PLAY) – The restaurant chain’s stock slumped 5.9% in the premarket after a top and bottom-line miss for its latest quarter. Dave & Buster’s fell 8 cents a share shy of estimates, with quarterly earnings of 52 cents per share. Dave & Buster’s said its results were strong in light of ongoing Covid-19 headwinds.
Pinterest (PINS) – Shares of the image-sharing site operator slid 2.7% in premarket trading after Morgan Stanley downgraded it to “equal-weight” from “overweight.” Morgan Stanley points out that user trends are challenging, with a higher proportion of users spending time on activities with low monetization potential.
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