Market Overview

Must Watch Stocks for December 29, 2016

Must Watch Stocks for December 29, 2016
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Some of the stocks that may grab investor focus today are:

  • Shares of Kate Spade & Co (NASDAQ: KATE) jumped over 23 percent on Wednesday amid M&A speculation. The Wall Street Journal reported that Kate Spade is exploring a sale of itself due to pressure from Caerus Investors, an activist investment firm. Kate Spade shares rose 0.39 percent to $17.93 in the after-hours trading session.
  • Shares of Fortress Biotech Inc (NASDAQ: FBIO) jumped around 50 percent in after-hours trading after the company disclosed that a patient case study from the Phase 1 clinical trial of MB-101 for the treatment of glioblastoma will be published in the New England Journal of Medicine. Fortress Biotech shares surged 49.78 percent to $3.43 in the after-hours trading session.
  • AppDynamics, Inc. disclosed that it has filed for an initial public offering of up to $100 million. The company applied to list on the NASDAQ under the ticker “APPD.”

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

  • Sprint Corp (NYSE: S) CEO Marcelo Claure confirmed commitment to create or bring back to America 5,000 jobs. Sprint shares rose 0.46 percent to $8.76 in after-hours trading.
  • Interpace Diagnostics Group Inc (NASDAQ: IDXG) reported a 1-for-10 reverse split. Interpace Diagnostics shares tumbled 90.27 percent to $0.73 in the after-hours trading session.
  • Mylan NV (NASDAQ: MYL) reported the launch of generic Zovia tablets. Mylan shares gained 1.10 percent to $37.62 in after-hours trading.

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