Stocks making the biggest moves premarket: Apple, Boeing, Tesla & more

Finance

Check out the companies making headlines before the bell:

Anixter International – Anixter continues to be the subject of a bidding war, with Wesco International increasing its bid for the networking equipment maker to $93.50 per share in cash and stock. Wesco – a maker of industrial products – had bid $90 per share earlier in the week, just after Anixter had agreed to an $86.50 per share sweetened offer from private equity firm Clayton Dubilier & Rice.

Apple – Apple and Japan’s Sharp Corp. are considering the purchase of Japan Display’s primary smartphone screen factory for up to $820 million, according to Japan’s Nikkei business daily.

Comcast - Comcast is in talks to buy video-streaming company Xumo, according to people familiar with the matter who spoke to the Wall Street Journal. The possible purchase comes ahead of the NBCUniversal parent’s planned launch of its Peacock streaming service.

Boeing – Boeing said general counsel Michael Luttig will retire at the end of the year. He had been appointed in May to serve is senior adviser to the board on the grounding of the 737 Max jet.

Tesla – Tesla plans to deliver the first 15 Model 3 cars made in its Shanghai factory on Monday. Tesla has also entered into agreements with lenders in China for a loan facility of up to $1.29 billion.

Flexion Therapeutics – The drug maker received FDA approval to update the label for its Zilretta product to include the treatment of osteoarthritis knee pain. It also changes the phrase “not intended for repeat administration” to “the efficacy and safety of repeat administration Zilretta have not been demonstrated”.

O-I Glass – The former Owens-Illinois completed a “corporate modernization” and the adoption of a new holding company structure. Each share of Owens-Illinois has been converted into a share of O-I Glass, which will continue to use the OI ticker symbol.

Disclosure: Comcast is the parent company of CNBC. 

Products You May Like

Articles You May Like

Top Wall Street analysts are betting on these stocks heading into December
Best Buy tops estimates on strong online sales, but shares fall on lack of holiday forecast
Fed weighed adjusting bond purchases to provide more help to economy ‘fairly soon,’ minutes show
Blended families already had unique financial issues — then the pandemic hit
Dow pulls back more than 150 points after reaching 30,000 milestone

Leave a Reply

Your email address will not be published. Required fields are marked *