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Why Macatawa Bank Shares Are Trading Higher By Around 37%; Here Are 20 Stocks Moving Premarket

Published 16/04/2024, 13:14
© Reuters. Why Macatawa Bank Shares Are Trading Higher By Around 37%; Here Are 20 Stocks Moving Premarket

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Shares of Macatawa Bank Corporation (NASDAQ: MCBC) rose sharply in today’s pre-market trading after Wintrust Financial Corporation (NASDAQ: WFTC) and Macatawa Bank announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction.

Macatawa Bank shares jumped 37% to $13.60 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

  • Dynatronics Corporation (NASDAQ: DYNT) shares rose 69.8% to $0.6301 in pre-market trading after dipping over 5% on Monday.
  • Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) gained 55% to $0.6974 in pre-market trading after the company posted a profit for the fourth quarter.
  • WiSA Technologies, Inc. (NASDAQ: WISA) shares gained 34.2% to $2.35 in pre-market trading after falling around 23% on Monday.
  • Mobilicom Limited (NASDAQ: MOB) shares gained 24.8% to $1.56 in pre-market trading.
  • Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ: SHPH) gained 19.5% to $0.4895 in pre-market trading.
  • Taoping Inc. (NASDAQ: TAOP) shares gained 17.7% to $1.00 in pre-market trading after dipping 20% on Monday.
  • SuperCom Ltd. (NASDAQ: SPCB) shares rose 17.4% to $0.47 in pre-market trading after jumping 45% on Monday.
  • Kaixin Holdings (NASDAQ: KXIN) shares gained 15.6% to $0.1735 in pre-market trading after dipping 16% on Monday.
  • Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) rose 7.7% to $5.16 in today’s pre-market trading after the company reported better-than-expected first-quarter EPS results.
Losers
  • Ryvyl Inc. (NASDAQ: RVYL) fell 38.7% to $1.25 in pre-market trading after the company announced the launch of a proposed underwritten public offering.
  • Inovio Pharmaceuticals, Inc. (NASDAQ: INO) shares declined 24.3% to $8.32 in pre-market trading. INOVIO priced its $36 million underwritten offering of 2,536,258 common stock at $7.693 per share.
  • Calidi Biotherapeutics, Inc. (NASDAQ: CLDI) fell 18.3% to $0.49 in pre-market trading after dipping around 14% on Monday.
  • Qilian International Holding Group Limited (NASDAQ: QLI) fell 10.3% to $0.6220 in pre-market trading after declining around 8% on Monday.
  • Enservco Corporation (NASDAQ: ENSV) fell 10.7% to $0.2820 pre-market trading. Enservco recently posted a wider-than-expected quarterly loss.
  • SciSparc Ltd. (NASDAQ: SPRC) fell 10.1% to $1.34 in pre-market trading after declining around 6% on Monday. The company recently announced the acquisition of AutoMax.
  • U.S. Energy Corp. (NASDAQ: USEG) shares fell 9.3% to $1.25 in pre-market trading after gaining around 7% on Monday.
  • Addex Therapeutics Ltd (NASDAQ: ADXN) declined 9.1% to $22.50 in pre-market trading after falling around 3% on Monday.
  • Groupon, Inc. (NASDAQ: GRPN) shares fell 8.9% to $9.11 in pre-market trading. Groupon said Italian tax authorities have placed a lien on Groupon S.r.l.'s bank account, which currently restricts outgoing payments from that account.
  • Live Nation Entertainment, Inc. (NYSE: LYV) fell 7.8% to $92.02 pre-market trading following a report indicating the Justice Department will file an antitrust lawsuit against the company.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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