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Cigna Calls Off Humana Merger, Joins Macy's, Snap And Other Big Stocks Moving Higher In Monday's Pre-Market Session

Published 11/12/2023, 11:07
Updated 11/12/2023, 12:10
© Reuters.  Cigna Calls Off Humana Merger, Joins Macy's, Snap And Other Big Stocks Moving Higher In Monday's Pre-Market Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were mixed this morning, with the Dow Jones futures trading almost flat on Monday.

Shares of The Cigna Group (NYSE: CI) shares rose sharply in pre-market trading. Cigna has withdrawn from its proposed merger with Humana Inc. (NYSE: HUM).

The deal, poised to create a colossal entity in the industry with an estimated $140 billion, fell through due to disagreements over financial terms.

Cigna shares climbed 11.6% to $288.88 in pre-market trading.

Here are some big stocks recording gains in today’s pre-market trading session.

  • Macy's, Inc. (NYSE: M) shares jumped 19.1% to $20.71 in pre-market trading. An investor consortium has tabled a $5.8 billion bid to acquire Macy's, in an attempt to privatize the iconic department store chain.
  • NaaS Technology Inc. (NASDAQ: NAAS) surged 14.9% to $2.39 in pre-market trading. NaaS Technology recently announced termination of proposed Charge Amps acquisition.
  • bluebird bio, Inc. (NASDAQ: BLUE) gained 10.8% to $3.170 in pre-market trading after the company said updated data from the company’s gene therapy program in transfusion-dependent beta-thalassemia were presented today at the 65th ASH Annual Meeting & Exposition.
  • Oatly Group AB (NASDAQ: OTLY) climbed 8.1% to $1.20 in pre-market trading after declining around 3% on Friday.
  • Kohl's Corporation (NYSE: KSS) gained 6.3% to $26.20 in pre-market trading after gaining 3% on Friday.
  • Nordstrom, Inc. (NYSE: JWN) rose 5.4% to $17.24 in pre-market trading.
  • Snap Inc. (NYSE: SNAP) rose 4.6% to $15.79 in pre-market trading.
  • MorphoSys AG (NASDAQ: MOR) gained 4% to $7.33 in pre-market trading as the company presented comprehensive results from the Phase 3 MANIFEST-2 study investigating pelabresib at 65th American Society of Hematology Annual Meeting.
  • Pinterest, Inc. (NYSE: PINS) rose 3.2% to $36.03 in pre-market trading.
  • Humana Inc. (NYSE: HUM) gained 2.3% to $492.89 in pre-market trading. Cigna has withdrawn from its proposed merger with Humana.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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