| Welcome to the BRAND NEW Stock Dork Premarket Report, your go-to guide for the day's biggest trading news and hottest premarket stocks. Keep an eye out for our Premarket Reports moving forward and, as always, we invite you to reply to this email with your feedback, suggestions, or comments. It's Tuesday, March 29th. Let's get ready to trade! |
The Nasdaq gained 1.3% on Monday, while the S&P 500 added 0.7%. The Dow gained 0.3%, and the small-cap Russell 2K index was flat on the session. Today, futures are up heading into the opening bell. S&P 500 contracts are showing a 0.3% gain. Nielsen Holdings [NLSN] - Last Close: $22.21 Nielsen Holdings is moving on rumors a buyout deal is near. The ratings and analytics firm is moving higher after a report indicating a consortium of buyers is nearing a deal to buy the company for $16 billion including debt. Rumors have been swirling around a potential deal for Nielsen for weeks, but this report may be the most substantive yet. Details are scant at this point., but it sounds like the market is taking the report seriously. Shares of NLSN are trading actively with a 21.3% gain. Randolph Bancorp [RNDB] - Last Close: $21.18 Randolph Bancorp is surging on news of a buyout deal. The bank holding company has agreed to be acquired by Hometown Financial Group in a $146.5 million deal. Under the terms of the deal, Randolph shareholders will receive $27 in cash for each share. The deal will expand Hometown's footprint in eastern Massachusetts, and it's expected to close in Q4 2022. Randolph's board and executive officers have already agreed to approve the deal. RNDB is trading actively with a 27.5% gain. IGM Biosciences [IGMS] - Last Close: $14.99 IGM Biosciences is soaring on news of a powerful new partner. The micro-cap biotech stock announced its Q4 earnings today, reporting a thinner-than-expected loss of (-$1.50) per share, while analysts expected a loss of (-$1.54). The company didn't report any revenue, but news of a partnership got the market excited. IGM announced that it has entered into an exclusive worldwide collaboration deal with Sanofi for numerous oncology, autoimmune, and inflammation targets. Under the terms of the deal, IGM will receive $150 million upfront and potentially another $6 billion in commercial milestones. Shares of IGMS are up 34.1% in the premarket. Guardforce AI [GFAI] - Last Close: $1.18 Guardforce AI announced a major business initiative today and shares are heating up. The cybersecurity firm announced it's in the process of establishing subsidiaries in both Dubai and Australia with a focus on Robotics as a Service, or RaaS. Over the past two months, the company has formed entities in both countries and expect they will both play important roles in its global RaaS rollout strategy. News of the effort is lifting shares of GFAI in today's premarket. The stock is showing a 22.9% gain on active trading volume. |
Gainers Decliners - NeoGenomics [NEO] >> (31.3%)
- Progenity Inc [PROG] >> (21.7%)
- Stryve Foods [SNAX] >> (19.8%)
- McCormick & Co. [MKC] ... AM
- Elbit Systems [ESLT] ... AM
- Chewy [CHWY] ... PM
- RH [RH] ... PM
- Lululemon Athletica [LULU] ... PM
- Micron Technology [MU] ... PM
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- Consumer Confidence [Mar] ... 10a
- Job Openings [Feb] ... 10a
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