TipRanks has compiled a list of Monday’s biggest pre-market stock movements.
Company-specific news and other variables seem to dominate today’s stock market. Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top five pre-market stock movers, as detailed below.
5 Biggest Movers
Nutex Health, Inc. (NUTX) was the biggest gainer in pre-market trading, jumping 11.94% at the last check. Following the opening of the U.S. stock market on June 27, the company will be added to the Russell 2000 and Russell 3000 indexes. This news drove positive sentiment.
Meanwhile, NVR, Inc. (NVR) decreased 7.07% in pre-market trading at the last check, after recording gains of 2.74% at the close on Friday. There is no fundamental news explaining the trading frenzy. NVR makes and sells single-family detached homes, townhomes, and condominium buildings.
Victoria’s Secret & Co. (VSCO) jumped almost 7% in pre-market trading at last glance after recording gains of 4.1% at Friday’s close. It seems that strong fundamentals are driving the stock higher.
Spirit Airlines, Inc. (SAVE) declined 5.55% in pre-market trading at the time of writing. The airline company inked an amended merger agreement with Frontier Group Holdings, Inc. (ULCC). Per the revised terms, Frontier will pay $4.13 in cash per share to Spirit stockholders, along with 1.9126 shares of Frontier for each share held.
Coinbase Global, Inc. (COIN) completes the list. The operator of a cryptocurrency exchange platform lost 5.12% in pre-market trading at the time of writing after recording gains of 6.5% at Friday’s close. Following the persistent decline in crypto prices and subdued trading activities, Goldman Sachs analyst Will Nance downgraded Coinbase to a Sell from a Hold.
Continue to watch this space for possible volatility upon the market open. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
Read full Disclosure
