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These Stocks Are the Biggest Pre-Market Movers on Monday

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Let’s learn why SGFY, HKD, BYD, AMTD, and IS stocks were the major market movers in Monday’s pre-market trading session.

Using TipRanks’ Top Stock Gainers/Losers tool, we have compiled a list of Monday’s biggest pre-market stock movers, which is as follows:

Five Biggest Movers

Healthcare platform Signify Health, Inc. (NYSE: SGFY) tops the list, as the stock gained 18.3% in Monday’s early trade. The upside might have been triggered by its buyout whispers. The Wall Street Journal recently reported that CVS Health (CVS) was planning to acquire Signify Health to widen its footprint in home-health services. CVS Health is expected to make an offer for Signify in initial bids that are scheduled this week.

Singapore-based AMTD Digital Inc. (NYSE: HKD) was trending 16.8% lower at the time of writing. Shares of the subsidiary of AMTD IDEA Group are declining due to subdued trading volumes. HKD seems to be part of the retail-induced frenzy that initially catapulted its stock price to surprising high levels.

Shares of Las Vegas-based Boyd Gaming Corporation (NYSE: BYD) were trading 12.1% down at the last check. There seems to be no definite reason that could have led to the plunge in the gaming and hospitality company’s stock price.

Hong Kong-based AMTD IDEA Group (NYSE: AMTD) was trending 11.3% lower early Monday, largely due to its major investor, CK Group, quitting the stock. This key investor is divesting its remaining stake of around 4% in AMTD IDEA.

Last on the list is ironSource (NYSE: IS), which was trading almost 8.5% down, at the time of writing, in the pre-market trading session on Monday. The downside could have been triggered in anticipation of the company’s second-quarter 2022 results, which are slated to be released on August 10. Interestingly, this Israel-based software firm has returned around 32.1% in the past three months. Last month, the company grabbed investors’ attention after it entered into a merger agreement with a San Francisco-based video game software development company, Unity Software, Inc. (U).

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…

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