Jun. 16 at 1:19 PM
$SATS $SAGE $PRTA $VSCO $X
Feel free to follow me for pre-market and after-hours movers every day.
PRE-MARKET MOVERS:
Currently Higher:
-- EchoStar (SATS) up 44.2% after Bloomberg reported President Donald Trump has intervened to urge EchoStar and Federal Communications Commission Chairman Brendan Carr to resolve a dispute over the company's valuable spectrum licenses
-- Sage Therapeutics (SAGE) up 34.3% after entering a definitive agreement for Supernus (SUPN) to acquire the company through a tender offer for
$8.50 per share in cash, payable at closing, plus one non-tradable contingent value right collectively worth up to
$3.50 per share in cash, for total consideration of
$12.00 per share in cash
-- Prothena (PRTA) up 10.8% after announcing partner Roche (RHHBY) will advance prasinezumab into Phase III development in early-stage Parkinson's disease
Roku (ROKU) up 9% after Amazon Ads (AMZN) and the company announced a new integration that gives advertisers access to the largest authenticated CTV footprint in the U.S.
-- Victoria's Secret (VSCO) up 8.3% after Bloomberg reported the company is being targeted by Barington Capital, who plans to urge the company to make changes to its board and strategy
-- U.S. Steel (X) up 5.0% after the company and Nippon Steel (NPSCY) announced that President Trump has approved the companies' partnership
-- Hinge Health (HNGE) up 4.5% after Piper Sandler initiated coverage of Hinge with an Overweight rating among other firms starting coverage with bullish ratings
-- MNTN (MNTN) up 5.4% after Loop Capital initiated coverage of MNTN with a Buy rating and other firms also started with bullish ratings
Currently Lower:
-- Sarepta (SRPT) down 39.5% after suspending non-ambulatory Elevidys shipments following a second reported case of acute liver failure resulting in death, prompting several downgrades of the shares
