Before the bell rings, know about the companies that make headlines:
GameStop (GME) — GameStop jumped 7.8% in the premarket after the videogame retailer announced a 4-for-1 stock split. Trading will begin on July 22 on a split-adjusted basis.
season (SGEN) — SeaGen gains 4.5% in premarket trading after Wall Street Journal report Merck (MRK) is in advanced talks to acquire the biotech company for $200 per share, or about $40 billion more.
Virgin Galactic (SPCE) — Following the announcement of a partnership with One, the space tourism company’s stock gained 3.7% in premarket action. Boeing (BA) Auxiliary to build motherships carrying Virgin rocket ships.
Meridian Bioscience (VIVO) — A consortium of Korean diagnostics company SD Biosensor and Korean private equity firm SJL Partners agreed to be acquired by a consortium of Korean diagnostics company SD Biosensor, maker of diagnostic test kits, for $34 per share in cash, or about $1.5 billion.
bed Bath and Beyond (BBBY) — Bed Bath & Beyond jumped 6% in the premarket following multiple insider buying revelations. Interim CEO Sue Gove bought 50,000 shares of the home goods retailer’s stock, while board members Harriet Edelman and Jeff Kirwan bought 10,000 shares.
Boston Beer (SAM) – Boston Beer was downgraded from “outperform” to “sector performance” at RBC Capital Markets, prompting the brewer of Sam Adams Beer and Truly Hard Seltzer to cut its volume guidance once again. hopes.
Helen of Troy (HELE) — The health care and beauty products company reported adjusted quarterly profit of $2.41 per share, beating the $2.16 consensus estimate, with revenue also topping analyst forecasts. However, the company noted a slowdown in demand in some of its categories, as consumers shift spending patterns to tackle inflation, and cut its full-year outlook. The stock dropped 6.7% in the premarket.
China EV Makers – Shares of China-based electric vehicle makers rose after government officials considered increasing tax breaks for EV buyers. lee auto (LI) up 1% in the premarket, with NIO (NIO) 1.5% and Xpeng (XPEV) is up 3.3%.