Business

GameStop, Seagen, Virgin Galactic, etc.

Check out the companies that make headlines before the bell:

GameStop (GME) – GameStop rose 7.8% in the premarket after a video game retailer declared a 4: 1 stock split. Split adjustment-based trading will begin on July 22nd.

Seagen (SGEN) – Seagen rose 4.5% in pre-market trading after The Wall Street Journal reported: Merck (MRK) is in talks to buy a biotechnology company for more than $ 200 per share, or about $ 40 billion.

Virgin Galactic (SPCE) – Space travel company stocks Boeing (BA) A subsidiary that builds a mother ship that carries a virgin rocket ship over the sky.

Meridian Bioscience (VIVO) – Diagnostic test kit makers have agreed to acquire a consortium of Korean diagnostic firm SD Biosensor and South Korean private equity firm SJL Partners for $ 34 per share, or about $ 1.5 billion.

Bed bath & beyond (BBBY) – Bed Bath & Beyond surged 6% in the premarket following disclosures of several insider purchases. Interim CEO Sue Gove bought 50,000 shares of a household goods retailer, and board members Harriet Edelman and Jeff Kirwan each bought 10,000 shares.

Boston beer (SAM) – Boston Beer has been downgraded from “Out Perform” to “Sector Perform” at RBC Capital Markets. This expects Sam Adams Beer and truly hard seltzer brewers to reduce quantity guidance again.

Troy Helen (HELE) – Healthcare and beauty products companies reported adjusted quarterly earnings of $ 2.41 per share, above the $ 2.16 consensus estimate and earnings above analysts’ expectations. However, the company noted that demand slowed in some categories as consumers shifted their spending patterns to deal with inflation and lowered their full-year outlook. Pre-market inventories fell 6.7%.

Chinese EV Makers – The share of Chinese-based electric car makers has increased after government officials have announced that they will consider extending tax cuts for EV buyers. Reauto (LI) Up 1% in premarket, Nio (NIO) increased by 1.5%, Xpeng (XPEV) Jump 3.3%.

GameStop, Seagen, Virgin Galactic, etc.

Source link GameStop, Seagen, Virgin Galactic, etc.

Back to top button