Market Overview

10 Stocks Moving In Monday's Pre-Market Session

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Gainers

The Valspar Corp (NYSE: VAL) shares rose 27.45 percent to $106.80 in pre-market trading after Sherwin-Williams Co (NYSE: SHW) agreed to acquire Valspar for $113 per share.

Rockwell Medical Inc (NASDAQ: RMTI) shares gained 4.61 percent to $6.35 in pre-market trading after the company reported that the China FDA has accepted its Triferic drug submission for commercialization in China.

MannKind Corporation (NASDAQ: MNKD) shares rose 4 percent to $2.08 in pre-market trading after surging 10.50 percent on Friday.

Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) shares gained 3.62 percent to $83.50 in pre-market trading. Marriott International Inc (NASDAQ: MAR) and Starwood announced an amended merger agreement. Marriott lifted its bid to acquire Starwood.

Shire PLC (ADR) (NASDAQ: SHPG) rose 2.54 percent to $165.06 in pre-market trading after gaining 4.58 percent on Friday.
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Losers

Affymetrix, Inc. (NASDAQ: AFFX) shares fell 7.19 percent to $14.84 in pre-market trading. Affymetrix executives, announced Friday, that it submitted a proposal to acquire Affymetrix, Inc. for $16.10 per share in cash. The transaction is valued at approximately $1.5 billion. However, Affymetrix announced Sunday, that it was rejecting the Origin offer in the belief that this newly formed entity would be unable to close the deal.

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares fell 4.48 percent to $25.77 in pre-market trading. Barclays downgraded Valeant Pharmaceuticals from Overweight to Equal-weight and lowered the price target from $135.00 to $34.00. Mizuho Securities downgraded Valeant from Neutral to Underperform.

United States Steel Corporation (NYSE: X) shares fell 3.30 percent to $15.24 in pre-market trading. Jefferies downgraded United States Steel from Hold to Underperform.

Transocean LTD (NYSE: RIG) shares fell 2.41 percent to $10.52 in pre-market trading after declining 7.69 percent on Friday.

Intel Corporation (NASDAQ: INTC) shares fell 1.35 percent to $32.24 in pre-market trading. Bernstein downgraded Intel from Market Perform to Underperform.

 

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