Richard Madden at the Netflix Golden Globes After Party in Los Angeles on Sunday. Shares of the video-streaming company jumped 10% Friday.
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Eli Lilly & Co. —Down 1.5% premarket: Eli Lilly said it is buying Loxo Oncology for $235 a share—a 68% premium from Friday’s closing price—in cash, a deal that expands the biopharmaceutical company’s oncology-treatment portfolio.
PG&E Corp. —Down 18% premarket: The utility operator said late Friday it plans to shake up its board as it responds to concerns that it could face billions of dollars in liabilities related to the recent deadly wildfires in California. PG&E shares have dropped nearly 50% since early October.
Dollar Tree Inc. —Up 3.2% premarket: Activist investor Starboard Value LP has taken a stake in Dollar Tree and is pushing the retailer to sell its Family Dollar business and tweak its pricing model, The Wall Street Journal reported.
Synergy Pharmaceuticals Inc. —Unchanged premarket: Synergy Pharmaceuticals won court permission to move forward with a proposed sale of its two gastrointestinal drugs and other assets to Bausch Health , formerly Valeant Pharmaceuticals International Inc., after agreeing to delay the process by two weeks. Bausch shares are up 2.1% premarket.
Netflix Inc. —Up 1.4% premarket: Shares of the video-streaming company jumped 10% Friday, their best percentage gain since Nov. 9, after analysts at Goldman Sachs assigned a $400 price target on the stock over the next 12 months.
Advanced Micro Devices Inc. —Up 1.4% premarket: The chip maker’s stock was the best performer in the Nasdaq 100 Friday, climbing 11%—its biggest percentage rise since Sept. 4.
AbbVie Inc. —Up 1.1% premarket: AbbVie will book a roughly $4 billion charge in connection with a 2016 acquisition that it billed as offering a promising cancer treatment.
Mastercard Inc. —Up 0.3% premarket: Mastercard is removing its name from its logo in most contexts, leaving the interlocking red and yellow circles to represent the brand on cards, in stores, at events and in advertising.
Commercial Metals Co. —Down 6.1% premarket: The company’s first-quarter profit fell 46% on headwinds due to wet weather in the U.S. that reduced shipments.
DXC Technology Co. —Down 2.3% premarket: DXC Technology is purchasing Luxoft Holding Inc., a Swiss software company focused on digital strategy consulting and engineering services.
CBS Corp. —Unchanged premarket: CBS News has named network veteran Susan Zirinsky as its new president and senior executive producer, succeeding David Rhodes, as the news organization looks to turn the page on a tumultuous period and make gains in ratings.
Wright Medical Group NV—Unchanged premarket: Wright Medical Group NV said it would make several leadership changes as the company expands with an eye toward advancing its global commercial businesses.
