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 35.28

+0.18 +0.51%
Volume: 5,876,033
Track AIG

BAC 16.29

+0.20 +1.24%
Volume: 138,242,370
Track BAC

BBY 43.71

+0.41 +0.95%
Volume: 5,579,389
Track BBY

C 4.28

+0.08 +1.90%
Volume: 226,030,311
Track C

CVS 31.89

+0.25 +0.79%
Volume: 19,636,358
Track CVS

GS 172.00

+1.99 +1.17%
Volume: 7,931,064
Track GS

HD 27.51

+0.33 +1.21%
Volume: 18,226,129
Track HD

JPM 43.28

+0.82 +1.93%
Volume: 29,794,490
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 21.88

+0.53 +2.48%
Volume: 16,235,928
Track LOW

MER 11.64

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

MS 32.62

+0.52 +1.62%
Volume: 9,537,457
Track MS

NAPS 2.64

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

TTWO 11.42

+0.22 +1.96%
Volume: 698,413
Track TTWO

WAG 39.42

+0.45 +1.15%
Volume: 4,766,891
Track WAG

WB 5.54

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

WFC 28.07

+0.20 +0.72%
Volume: 32,740,354
Track WFC

WM 33.28

+0.98 +3.03%
Volume: 2,410,472
Track WM


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