Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Stocks - GE Soars in Premarket, Newmont Mining, Spring Rise, Kraft Falls

Published 25/02/2019, 13:24
Updated 25/02/2019, 13:44
© Reuters.

Investing.com - Stocks in focus in premarket trade Monday:

• General Electric (NYSE:GE) stock rocketed 17.80% by 8:12 AM ET (13:12 GMT) after the company agreed to sell its BioPharma business to Danaher (NYSE:DHR) for $21.4 billion.

• Kraft Heinz (NASDAQ:KHC) stock fell 0.92%, unable to manage even a dead-cat bounce after Friday's slump after Warren Buffett wrote billions off the value of Berkshire Hathaway (NYSE:BRKa)'s stake. While Buffett plans on holding the stake, he will not add to it. Separately, CNBC reported that the company hired Credit Suisse (SIX:CSGN) to study strategic options for its Maxwell House coffee business.

• Spark Therapeutics (NASDAQ:ONCE) stock surged 120.91% after Roche said it will acquire the company for $114.50 a share, or approximately $4.3 billion.

• Newmont Mining (NYSE:NEM) stock rose 1.32% as Barrick Gold offered to acquire the company in an all-stock merger. Barrick's offer doesn't envisage any premium for Newmont stock.

• Caesars Entertainment (NASDAQ:CZR) stock advanced 2.43% as the company prepares to offer activist investor Carl Icahn a role in selecting its next chief executive, according to people familiar with the matter cited by Reuters.

• Twitter (NYSE:TWTR) stock traded up 0.69% after a company announcement that co-founder and former chief executive Evan Williams (NYSE:WMB) plans to step down from its board of directors at the end of the month.

• Sprint (NYSE:S) stock gained 1.40% as the company announced that it would launch commercial 5G beginning in May.

• Avon Products (NYSE:AVP) stock jumped 5.30% as the company announced the launch of a new content studio to drive digital growth.

• Qualcomm (NASDAQ:QCOM) stock rose 1.51% as the company announced a launch of 5G chips for cars, PCS and home broadband in an attempt to move beyond the smartphone market.

• Marathon Oil (NYSE:MRO) stock lost 0.83% as the company announced an agreement to sell its assets in the North Sea to RockRose Energy for approximately $140 million.

• Clementia Pharmaceuticals (NASDAQ:CMTA) stock soared 71.75% after Ipsen agreed to buy the company in a deal worth approximately $1.31 billion.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.