Pre-Open Moves 9/15: Financial Hit On Lehman (LEH) Fall-Out, Merrill (MER) Higher On BofA Takeover

September 15, 2008 9:25 AM EDT

StreetInsider.com Pre-Open Moves:

Lehman Brothers (NYSE: LEH) 90% LOWER; Files bankruptcy after unsuccessful sale efforts this weekend.

Napster Inc. (Nasdaq: NAPS) 89% HIGHER; Best Buy (NYSE: BBY) to acquire Napster for $2.65 per share

AIG (NYSE: AIG) 41% LOWER; Scrambles to sell assets, raise more capital

Take-Two Interactive (Nasdaq: TTWO) 29% LOWER; EA terminates bid

Merrill Lynch (NYSE: MER) 28% HIGHER; Banc of America buy Merrill Lynch in $50 billion stock-for-stock deal

Washington Mutual Inc. (NYSE: WM) 19% LOWER; Lehman news

Bank of America (NYSE: BAC) 15% LOWER; Buy Merrill Lynch in $50 billion stock-for-stock deal

Wachovia Corporation (NYSE: WB) 10% LOWER; Lehman news

Citigroup (NYSE: C) 7% LOWER; Lehman news

Morgan Stanley (NYSE: MS) 10% LOWER; Lehman news

Goldman Sachs Group Inc. (NYSE: GS) 8% LOWER; Lehman news

JPMorgan Chase (NYSE: JPM) 5% LOWER; Lehman news

Lowe's (NYSE: LOW) 5% LOWER; Credit Suisse downgrades to Neutral

Home Depot, Inc (NYSE: HD) 5% LOWER; Credit Suisse downgrades to Neutral

Wells Fargo (NYSE: WFC) 5% LOWER; Lehman news

Longs Drug Stores (NYSE: LDG) 3% HIGHER; Walgreen's (NYSE: WAG) submits $75 offer, topping the CVS (NYSE: CVS) offer.


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Stocks Mentioned

AIG 35.12

+0.02 +0.06%
Volume: 4,473,906
Track AIG

BAC 16.24

+0.15 +0.93%
Volume: 114,497,142
Track BAC

BBY 43.82

+0.52 +1.20%
Volume: 4,166,410
Track BBY

C 4.26

+0.06 +1.43%
Volume: 172,122,873
Track C

CVS 31.90

+0.26 +0.82%
Volume: 14,803,917
Track CVS

GS 172.33

+2.32 +1.36%
Volume: 6,211,870
Track GS

HD 27.46

+0.28 +1.03%
Volume: 13,189,511
Track HD

JPM 43.19

+0.73 +1.72%
Volume: 23,091,986
Track JPM

LDG 71.51

+0.00 +0.00%
Volume: 1,136,529
Track LDG

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

LOW 21.94

+0.59 +2.76%
Volume: 11,840,200
Track LOW

MER 11.64

+0.00 +0.00%
Volume: 49,928,111
Track MER

MS 32.63

+0.53 +1.65%
Volume: 6,882,876
Track MS

NAPS 2.64

+0.00 +0.00%
Volume: 72,477
Track NAPS

TTWO 11.42

+0.22 +1.96%
Volume: 425,513
Track TTWO

WAG 39.28

+0.31 +0.80%
Volume: 3,301,953
Track WAG

WB 5.54

+0.00 +0.00%
Volume: 79,673,174
Track WB

WFC 27.97

+0.10 +0.36%
Volume: 24,764,196
Track WFC

WM 33.34

+1.04 +3.22%
Volume: 1,817,240
Track WM


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