Pre-Open Stock Movers 12/06: (TACO) (ACET) (VYNE) Higher; (LCID) (RIOT) (MARA) Lower (more...)

December 6, 2021 9:25 AM EST

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Pre-Open Stock Movers

Del Taco Restaurants, Inc. (NASDAQ: TACO) 64.7% HIGHER; Jack in the Box Inc. (NASDAQ: JACK), one of the nations leading QSR chains, and Del Taco Restaurants, Inc. (NASDAQ: TACO), the nations second largest Mexican QSR chain by number of restaurants, today announced that the companies have entered into a definitive agreement pursuant to which Jack in the Box will acquire Del Taco for $12.51 per share in cash in a transaction valued at approximately $575 million, including existing debt. While this price per share offers an attractive premium to Del Taco shareholders, Jack in the Box estimates that the transaction values Del Taco at a synergy adjusted multiple of approximately 7.6x trailing twelve months Adjusted EBITDA.

Adicet Bio, Inc. (Nasdaq: ACET) 40% HIGHER; announced positive interim data from its dose escalation Phase 1 study evaluating the safety and tolerability of ADI-001, Adicets investigational therapy targeting CD20 for the potential treatment of B-cell Non-Hodgkins Lymphoma.

VYNE Therapeutics (NASDAQ: VYNE) 15.4% HIGHER; H.C. Wainwright analyst Joseph Pantginis assumes coverage with a Buy rating and a price target of $7.00.

Lucid Group (NASDAQ: LCID) 14.9% LOWER; Shares of are down 14% in pre-open Monday after the company disclosed that it received a subpoena from the US Securities and Exchange Commission (SEC) on Friday.

Riot Blockchain, Inc. (NASDAQ: RIOT) 8.5% LOWER; bitcoin falls below $50K.

Marathon Digital Holdings, Inc. (NASDAQ: MARA) 8.4% LOWER; bitcoin falls below $50K.

MicroStrategy Incorporated (NASDAQ: MSTR) 7.3% LOWER; bitcoin falls below $50K.

Moderna, Inc. (NASDAQ: MRNA) 6.8% LOWER; vaccine stocks lower on omicron concerns.

Chewy Inc. (NYSE: CHWY) 4.6% LOWER; Wedbush downgraded from Outperform to Neutral with a price target of $70.00 (from $90.00).

Kohl’s (NYSE: KSS) 4.2% HIGHER; Engine Capital, the US hedge fund and an activist investor, is pushing Kohl’s (NYSE: KSS) management to consider a sale of the company or divest its e-commerce business.

Alibaba Group (NYSE: BABA) 1.6% HIGHER; rebounds from Friday's big drop which was related to delisting concerns.



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Pre-Open Losers, Pre-Open Winners, Definitive Agreement, Pre Market Movers, H.C. Wainwright