Pre-Open Stock Movers 12/06: (TACO) (ACET) (VYNE) Higher; (LCID) (RIOT) (MARA) Lower (more...)
- Wall Street rallies, capping frenetic week with best day of the year
- Apple (AAPL) Stock Soars on Another Robust Quarter Fueled by Monster iPhone and Services Numbers, Analysts Raise PTs
- BofA Raises Inflation Forecasts for 2022, Expects Fed to Hike 7 Times in 2022
- Netflix (NFLX) CEO Hastings Buys ~$20 Million in Stock Following Sell-Off, Ackman's Big Bet
- Oil hits 7-year peak on political risks, supply crunch
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amalgamated Financial (AMAL) Reports Q4 EPS of $0.50
- First National Community Bancorp, Inc. (FNCB) Reports 2021 EPS of $1.06; Announces 750K Share Buyback
- Vaccinex (VCNX) Announces 5.945M Share Private Placement at $1.11/sh
Create E-mail Alert Related CategoriesSpecial Reports
Related EntitiesPre-Open Losers, Pre-Open Winners, Definitive Agreement, Pre Market Movers, H.C. Wainwright
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!