Pre Market Hot Stocks
UnitedHealth (UNH)-- The health insurance provider is buying health-care technology company Change Health care (CHNG) for $25.75 per share in cash, compared to Change's Tuesday close of $18.24, or $7.84 billion. UnitedHealth will integrate Change Health care with its Optum health IT unit. Modification Health care shares surged 33% in premarket trading since 7:47 a.m. ET. Walgreens (WBA)-- Walgreens is offering its Alliance Healthcare businesses to pharmaceutical distributor AmerisourceBergen (ABC) for $6.5 billion in cash and stock. Alliance is a pharmaceutical wholesaler based in Europe. Tesla (TSLA)-- Morgan Stanley raised its price target for Tesla to a Street-high $810 per share, following better-than-expected fourth-quarter shipments. Morgan Stanley keeps an "obese" score on the stock. The shares increased 3% in premarket trading as of 7:47 a.m. ET. Bank of America (BAC)-- Deutsche Bank called Bank of America a "leading pick," based on a favorable outlook for bank stocks in general and the concept that BofA has strong expense controls, strong capital returns, and other positive elements. The shares acquired 3% in premarket trading since 7:47 a.m. ET. SolarEdge Technologies (SEDG), SunRun (RUN), First Solar (FSLR), SunPower (SPWR)-- Solar stocks are rising as Democrats come closer to managing the Senate and perhaps carrying out more alternative energy-friendly policies. Solar jumped 6% in premarket trading as of 7:47 a.m. ET. Alibaba (BABA)-- Alibaba is planning to raise at least $5 billion through a dollar-denominated bond offering this month, according to individuals with understanding of the matter who spoke to Reuters. One of individuals said the offering might potentially raise as much as $8 billion for the Chinese e-commerce giant. Wells Fargo (WFC)-- Wells Fargo said it was alerted by the Workplace of the Comptroller of the Currency that a 2015 permission order related to anti-money laundering compliance had been terminated, after the bank took actions to remedy related concerns. PPG Industries (PPG)-- PPG said Finland-based paint maker Tikkurila consented to a sweetened takeover deal worth $1.52 billion. PPG increased its initial offer by 11% after Tikkurila received a completing deal. Apple (AAPL)-- Apple paid 179% of its targeted bonuses for 2020, after remote work enhanced its revenues. CEO Tim Cook's money bonus for the year increased 40% to $10.7 million, in contrast to the 36% drop in his 2019 benefit. CoStar Group (CSGP)-- CoStar is taking legal action against competing realty information company RentPath, implicating it of undermining an offer to buy RentPath for $587.5 million. If the offer was permitted to go through, the claim stated RentPath staff members sent out e-mails to clients warning that costs would increase. Wyndham Destinations (WYND)-- Wyndham Destinations is purchasing Travel + Leisure from publisher Meredith Corp. (MDP) for $100 million. The timeshare resort operator will alter its name to Travel + Leisure and also alter its ticker sign to TNL in mid-February. Hologic (HOLX)-- Hologic is buying privately held cancer test maker Biotheranostics for $230 million. The medical innovation business anticipates the offer for Biotheranostics to close next month. Cal-Maine Foods (CALM)-- Cal-Maine reported quarterly earnings of 25 cents per share, compared to agreement projections of an 8 cents per share loss. The nation's largest egg manufacturer likewise reported better-than-expected sales, as elevated stay-at-home meal preparation continues amidst the pandemic. Myriad Genes (MYGN)-- Myriad strategies to check out tactical alternatives for its autoimmune organization, and the genetic screening company also prepares to restructure its worldwide operations.