Zynga, Lululemon, Apria Stocks making the biggest moves in the premarket

Zynga, Lululemon, Apria Stocks making the biggest moves in the premarket

Zynga (ZNGA) – Shares in the online game maker soared 48.2% in the pre-market after it agreed to be acquired by video game maker Take-Two Interactive (TTWO) for $9.86 a share in cash and shares , implying a total business value of $12.7 billion. Take-Two fell 8.9%.

Zynga Stock Price – ZNGA

Lululemon (LULU) – The sportswear maker said it now expects fourth-quarter earnings and revenues to reach the lower end of their projected ranges, saying it has experienced a number of negative consequences from the spread of the Covid-19 omicron variant. Lululemon fell 6.5% in pre-market shares.

Lululemon Stock Price – LULU

Apria (APR) – The home healthcare provider has agreed to be acquired by healthcare equipment and services company Owens & Minor (OMI) for approximately $1.45 billion in cash, or $37.50 per share . Apria closed on Friday at $29.72 a share, and its shares rose 24.5% in pre-market trading. Shares of Owens & Minor tumbled 9.1%.

Tilray (TLRY) – Tilray gained 3.6% pre-market after reporting an unexpected quarterly profit. Revenue increased 20% year-over-year due to increased demand for cannabis products, although its sales fell short of analysts’ forecasts.

Beam Therapeutics (BEAM) – Beam shares jumped 5.3% in the pre-market after the announcement of a new partnership with Pfizer (PFE). Pfizer will collaborate with Beam – which specializes in gene editing – to develop therapies for rare genetic diseases.

ViacomCBS (VIAC) – ViacomCBS rose 3.2% in the pre-market after Deutsche Bank updated the media company’s shares to “buy” from “hold” based on bullish prospects for its streaming business and the likelihood of continued consolidation of the industry.

Sinclair Broadcast Group (SBGI) – Sinclair is close to finalizing a deal to carry NBA games on its planned new streaming app, according to a Bloomberg report citing people familiar with the matter. The deal could be announced later this week. Sinclair gained 1.4% in pre-market share.

SolarEdge Technologies (SEDG) – SolarEdge was added to Goldman Sachs’ “Buy by Conviction” list, which raised the target price for the solar equipment company’s shares from $420 a share to $448 a share. Goldman cites improvements in battery storage capacity, as well as the company’s prospects for increasing profit margins. SolarEdge grew 2.4% in the pre-market.

Shockwave Medical (SWAV) – Penumbra (PEN) is exploring a combination with its rival medical device maker, according to knowledgeable people who spoke with Bloomberg. However, Penumbra told Bloomberg in an emailed statement that it is not in talks with Shockwave to pursue a business combination or similar transaction. Shockwave jumped 6% in pre-market trading.

Dell Technologies (DELL) – Bernstein has upgraded Dell to “outperform” of “market perform”, noting Dell’s approximately six-week backlog in its PC business, as well as a relatively high mix of commercial and consumer businesses. Dell added 2.4% to the pre-market.

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