Investing.com — U.S. inventory traded in a muted vogue Monday, as buyers await extra essential financial information in addition to speeches from quite a lot of Federal Reserve officers.
Listed here are a number of the largest premarket U.S. inventory movers right this moment:
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Autodesk (NASDAQ:) inventory rose 4.1% after the Wall Avenue Journal reported that activist investor Starboard Worth has acquired a stake value roughly $500 million within the design-software producer, and is now advocating for modifications inside the firm.
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GameStop (NYSE:) rose 0.9% forward of the online game retailer’s annual assembly later within the session, after it was postponed final week resulting from a technical glitch ensuing from excessive demand from shareholders.
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UBS (NYSE:) inventory rose 0.7% after the Swiss banking big mentioned it is going to put aside round $900 million to repay buyers in Credit score Suisse funds that had been linked to collapsed provide chain financing agency Greensill Capital, accounting for 90% of what they’re owed.
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Finest Purchase (NYSE:) inventory rose 3.1% after UBS upgraded its funding stance on the electronics retailer to ‘purchase’ from ‘impartial’, citing a constructive outlook, supported by the corporate’s ongoing restructuring efforts.
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Primo Water (NYSE:) inventory fell 1.9% after the packaged water firm mentioned it will merge with BlueTriton Manufacturers in an all-stock deal.
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Coinbase (NASDAQ:) inventory fell 1.2%, with the cryptocurrency alternate weighed by extra losses in bitcoin, the world’s hottest digital forex.
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AMC Networks (NASDAQ:) inventory slumped 9.4% after the leisure firm introduced a $125 million convertible providing.
