Pre-Open Stock Movers 11/16: (FBM) (HDS) (MRNA) Higher; (CSPR) (SPCE) (ZM) Lower (more...)
Today's Pre-Open Stock Movers:
Foundation Building Materials, Inc. (NYSE: FBM) 26.3% HIGHER; announced that it has entered into a definitive agreement under which an affiliate of American Securities LLC, a leading private equity firm, will acquire all outstanding shares of FBM for $19.25 per share in an all-cash transaction valued at approximately $1.37 billion, including outstanding debt.
HD Supply Holdings, Inc. (NYSE: HDS) 24.5% HIGHER; The Home Depot (NYSE: HD) entered into a definitive agreement to acquire HD Supply Holdings for $56 per share in cash.
AMC Entertainment (NYSE: AMC) 18.5% HIGHER; gains on vaccine news
Moderna (NASDAQ: MRNA) 14.6% HIGHER; announced Phase 3 COVID-19 study met statistical criteria with a vaccine efficacy of 94.5%
Cinemark Holdings, Inc. (NYSE: CNK) 10.7% HIGHER; gains on vaccine news
Casper Sleep Inc. (NYSE: CSPR) 9.7% LOWER; reported Q3 EPS of ($0.40), $0.07 worse than the analyst estimate of ($0.33). Revenue for the quarter came in at $123.5 million versus the consensus estimate of $145.91 million. Casper Sleep Inc. sees Q4 2020 revenue of $132-142 million, versus the consensus of $142.95 million.
SL Green Realty Corp. (NYSE: SLG) 8.6% HIGHER; announced that it and its joint venture partners, the National Pension Service of Korea and Hines, have closed on a $1.25 billion construction loan for One Madison Avenue. The facility was led by Wells Fargo, TD Bank, Goldman Sachs, Bank of America, Deutsche Bank and Axos Bank. Located adjacent to Madison Square Park between Park and Madison Avenues and East 23rd and East 24th Streets, One Madison Avenue will anchor the Midtown South office market as its premier tower.
Carnival (NYSE: CCL) 8.3% HIGHER; gains on vaccine news.
Taubman Centers, Inc. (NYSE: TCO) 8.2% HIGHER; Simon Property Group and Taubman Centers, Inc. (NYSE: TCO) announced that they have reached a definitive agreement modifying certain terms of the original merger agreement, including a modified purchase price of $43.00 per share in cash and other provisions to reduce closing conditionality.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) 8% HIGHER; gains on vaccine news.
Virgin Galactic (NYSE: SPCE) 7.7% LOWER; rescheduled a test flight planned from its New Mexico spaceport later this week after the U.S. state imposed fresh COVID-19 restrictions
United Airlines Holdings, Inc. (NYSE: UAL) 7.5% HIGHER; gains on vaccine news.
Royal Caribbean (NYSE: RCL) 6.5% HIGHER; gains on vaccine news.
Simon Property Group, Inc. (NYSE: SPG) 6.3% HIGHER; Simon Property Group and Taubman Centers, Inc. (NYSE: TCO) announced that they have reached a definitive agreement modifying certain terms of the original merger agreement, including a modified purchase price of $43.00 per share in cash and other provisions to reduce closing conditionality.
Southwest Airlines Co. (NYSE: LUV) 4.5% HIGHER; gains on vaccine news.
Zoom Video (Nasdaq: ZM) 4.4% LOWER; stay-at-home names lower on positive vaccine news.
American Airlines (NYSE: AAL) 4.3% HIGHER; gains on vaccine news.
The PNC Financial Services Group, Inc. (NYSE: PNC) 2.3% HIGHER; PN and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE and MAD: BBVA) today announced that they have signed a definitive agreement for PNC to acquire BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion to be funded with cash on hand in a fixed price structure.
