Take a look at some of the biggest drivers in the currency markets:
Nielsen Holdings (CNN) – Shares of the TV ratings company rose 20.9% in money markets after it was agreed to buy back by a private equity consortium for $28 a share. The deal is worth $16 billion, including hypothetical debt.
FedEx (FDX) – FedEx Fred Smith CEO to step down from that role at the company he founded more than 50 years ago. He will become executive chairman on June 1 and will be replaced as CEO by Chairman and CEO Raj Subramanian. FedEx shares rose 2% in money markets.
LHC Group (LHCG) – UnitedHealth (UNH) will buy a home health professional for $5.4 billion in cash, or $170 per share, according to The Wall Street Journal. The LHC will become part of UnitedHealth’s Optum healthcare services unit. LHC shares rose 7.5% in pre-market trading.
Uber Technologies (UBER) — Uber is close to reaching an agreement with a taxi company in San Francisco to include taxis on its ride-hailing platform in that city, people familiar with the matter told The New York Times. . Uber recently struck a similar deal in New York City. Shares were up 1.9% in pre-sale action.
Jefferies Financial (JEF) – Shares of the asset management company jumped 3.7% in money markets after reporting better-than-expected quarterly profit and revenue. Jefferies earned $1.23 per share, far more than 89 cents by the stock consensus estimate, even as profits fell from a year earlier amid what the company calls a trading environment. “Challenging”.
GameStop (GME) – GameStop remains watched as shares of the video game retailer hit a record 10-day win, up 143%. Another “stock meme” on the list is the cinema operator AMC Entertainment (AMC), up 45% on Monday, its best day since June of last year. GameStop is down 3.5% in pre-market trading, while AMC is down 4.5%.
Stellantis (STLA) – The automaker is laying off an undisclosed number of workers at its Jeep plant in Illinois in an effort to “run the plant in a more sustainable way.” Last year, the factory had to lay off some products as well as try to cope with the impact of a global semiconductor shortage. Shares of Stellantis rose 4.5% in pre-market trading.
Southwest Gas (SWX) – The energy producer will sell $400 million of stock at $74 a share to pay off debt used in December’s $2 billion acquisition of Questar Pipelines. was opposed by investor Carl Icahn, whose offer to buy Southwest at $82.50 per share was rejected by the company on Monday. Southwest fell 3.4% in money markets.
Dave & Buster’s (PLAY) – The restaurant chain’s shares fell 5.9% in money markets after slumping in end-to-end profits in the most recent quarter. Dave & Buster’s fell 8 cents/share from estimates, with quarterly earnings of 52 cents/share. Dave & Buster’s said its results were good amid ongoing Covid-19 headwinds.
Pinterest (PINS) – Shares of the photo-sharing website operator fell 2.7% in pre-market trading after Morgan Stanley downgraded it to “balanced” from “overweight.” Morgan Stanley points out that user trends are challenging, including a lower proportion of time spent on activities with potential monetization.
