TipRanks has compiled a list of Monday’s biggest pre-market stock movements.
Mixed market sentiment on consolidation news, macro factors, and other variables seem to have dominated 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
Cloud-based connected planning platform Anaplan, Inc. (PLAN), was the biggest gainer in pre-market trading, as the stock surged 28.29% at the time of writing. The positive sentiment followed the acquisition deal between private-equity firm Thoma Bravo and Anaplan, under which the former will acquire the latter for $10.7 billion in cash.
Another gainer, Alleghany Corporation (Y) jumped 24.86% in pre-market trading, at last check. The surge in price followed the revelation of the agreement, under which Berkshire Hathaway (BRK.A, BRK.B) will acquire Alleghany in a cash deal valued at $11.6 billion. Alleghany is a provider of property and casualty reinsurance and insurance products in the U.S. and globally.
Meanwhile, New York-based Nielsen Holdings plc (NLSN) tumbled 17.72% in pre-market trading at the time of writing. The provider of global marketing data collection and analytics services rejected a buyout offer from a private-equity consortium that valued the company at $25.40 per share, raising investors’ anxiety.
Vacasa, Inc. (VCSA) jumped in pre-market trading, recording gains of around 6.52% at the time of writing. Though the international vacation rental management company has no recent fundamental news to explain the trading frenzy, it seems that upbeat fourth-quarter 2021 results and above-expectation revenue guidance reported last week have kept the positive momentum alive. For Q1 2022, the company expects revenue in the range of $245-$255 million, versus the consensus estimate of $201.7 million. For 2022, revenue is forecast between $1.125 billion and $1.175 billion, above analysts’ expectations of $1.08 billion.
Canada-based Shopify Inc. (SHOP) completes the list. It moved downward around 9.6% in pre-market trading at the time of writing. This drop followed Friday’s increase of more than 18% in its stock price. Though there is no company-specific news explaining the downtrend, it seems that macro issues have taken over the price of this global ecommerce company.
Continue to watch this space for possible volatility upon the market opens. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
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