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Pre-Open Stock Movers 05/31: TherapeuticsMD, CatchMark Timber Trust, Yamana Gold Jump on Takeovers; Insulet Falls as Takeover Rumor Denied (more...)

Published 31/05/2022, 14:22
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Pre-Open Stock Movers

TherapeuticsMD, Inc. (NASDAQ:TXMD) 337% HIGHER; entered into a definitive merger agreement to be acquired by an affiliate of EW Healthcare Partners for $10 per share.

CatchMark Timber Trust, Inc. (NYSE:CTT) 36% HIGHER; PotlatchDeltic (NASDAQ:PCH) Corporation (Nasdaq: PCH) and CatchMark Timber Trust, Inc. (CTT) announced that they have entered into a definitive agreement to combine in an all-stock transaction. The acquisition by PotlatchDeltic will strengthen and diversify a leading integrated timber REIT and continue to enhance shareholder value.

Yamana Gold Inc. (NYSE:AUY) 16% HIGHER; Gold Fields Limited (NYSE:GFI) and Yamana Gold Inc. (AUY) announced that they have entered into a definitive agreement, under which Gold Fields will acquire all of the outstanding common shares of Yamana pursuant to a plan of arrangement.

Insulet Corporation (NASDAQ:PODD) 11% LOWER; DexCom denies takeover rumors.

AMC Entertainment Holdings, Inc. (NYSE:AMC) 9.4% HIGHER; strong opening weekend for 'Top Gun: Maverick'

MicroStrategy Incorporated (MSTR) 9% HIGHER; bitcoin moves back above $31,000.

DexCom (DXCM) 8% HIGHER; says not in active discussions regarding a merger transaction at this time following Insulet (PODD) rumors.

Coinbase Global , Inc. (NASDAQ:COIN) 5% HIGHER; bitcoin moves back above $31,000.

Dish Network (NASDAQ:DISH) 5% HIGHER; Truist Securities upgraded from Hold to Buy with a price target of $60.00 (from $25.00).

Marathon Oil Corporation (NYSE:MRO) 3% HIGHER; gain as crude rises as EU agrees to ban most Russian oil

Rocket Cos Inc. (RKT) 3% LOWER; Argus downgraded from Buy to Hold.

Paramount Global (PARA) 2% HIGHER; strong opening weekend for 'Top Gun: Maverick'

Steel Dynamics (NASDAQ:STLD) 2% LOWER; Goldman Sachs (NYSE:GS) downgraded from Buy to Neutral with a price target of $92.00 (from $99.00).

IMAX Corporation (NYSE:IMAX) 1% HIGHER; strong opening weekend for 'Top Gun: Maverick'

Zoom Video (ZM) 1% HIGHER; Daiwa Securities upgraded from Neutral (4) to Outperform (3) with a price target of $121.00 (from $107.00).

Bausch + Lomb Corporation (BLCO) 1% HIGHER; new Buy ratings on Wall Street as coverage starts.

Chevron Corporation (NYSE:CVX) 1% HIGHER; gains as crude rises as EU agrees to ban most Russian oil.

Exxon Mobil Corporation (NYSE:XOM) 1% HIGHER; gains as crude rises as EU agrees to ban most Russian oil.

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