During Market hours on Friday – 07.01.2022:

  • The Dow (Symbol: DIA) went down 0.02%. The S&P 500 (Symbol: SPY) lost 0.40% and the Nasdaq (Symbol: QQQ) fell 1.08%.
  • GameStop (Symbol: GME) — Shares of the video game retailer jumped 7.3% after news that the company is planning to create a marketplace for nonfungible tokens, or NFTs. At its session high, the speculative name jumped more than 20% on the day.
  • T-Mobile (Symbol: TMUS) — The company saw its stock fall 5% after it reported postpaid net customer additions of 844,000 in the fourth quarter and about 2.9 million total in 2021. That came in lower than the StreetAccount consensus expectations of 867,900 in the fourth quarter.
  • DraftKings (Symbol: DKNG) — Shares of the sports betting company added 5.6% ahead of the launch of legal mobile sports betting in New York state on Saturday.
  • Discovery (Symbol: DISCA) — The media stock soared 16.9% after Bank of America upgraded Discovery to buy. The pending merger with Warner Media could create a true rival to Netflix and Disney+ in the streaming space, Bank of America said.
  • Clover Health (Symbol: CLOV) — Shares fell 5.7% after Credit Suisse downgraded the stock to underperform from neutral. “Our view is predicated on the company continuing to need to raise capital moving forward, a lack of clarity on significantly improving their medical loss ratio (MLR) to reduce cash burn, and an overall re-rating across the tech-enabled MCO sector,” the firm said.

During Premarket hours today (Monday – 10.01.2022):

  • Zynga (Symbol: ZYNG) — The online game maker’s shares soared 48.2% in the premarket after it agreed to be acquired by video game maker Take-Two Interactive (Symbol: TTWO) for $9.86 per share in cash and stock, implying a total deal value of $12.7 billion. Take-Two tumbled 8.9%.
  • Apria (Symbol: APR) The home health care services provider agreed to be acquired by health-care equipment and services company Owens & Minor (Symbol: OMI) for about $1.45 billion in cash, or $37.50 per share. Apria had closed Friday at $29.72 per share, and its stock surged 24.5% in premarket trading. Owens & Minor shares slumped 9.1%.
  • SolarEdge Technologies (Symbol: SEDG) — SolarEdge was added to the “Conviction Buy” list at Goldman Sachs, which raised the price target for the solar equipment company’s stock to $448 per share from $420 a share. Goldman cites improvements in battery storage capacity as well as the company’s prospects for increasing profit margins. SolarEdge rose 2.4% in the premarket.
  • Dell Technologies (Symbol: DELL) — Bernstein upgraded Dell to “outperform” from “market perform,” noting Dell’s approximately six-week backlog in its PC business as well as a relatively high mix of commercial versus consumer business. Dell added 2.4% in the premarket.

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