Paramount, SolarEdge, Morphic Holding and more

Companies making headlines before the bell include Morphic Holding, which saw shares surge over 75% after news of Eli Lilly acquiring the biopharma company in a $3.2 billion deal. This acquisition will give Eli Lilly access to Morphic’s treatments in development for conditions like ulcerative colitis and Crohn’s disease. Paramount Global also saw a 2% increase in shares following a merger announcement with Skydance Media. SolarEdge rose 5% after a Bank of America upgrade, while ServiceNow slipped 3% after a downgrade by Guggenheim. Domino’s Pizza rose over 1% in premarket trading after an upgrade by Baird, citing strong fundamentals. Gilead saw shares rise over 2% after an upgrade by Raymond James. PNC and KeyCorp also saw movements after upgrades and downgrades by UBS, while Columbia Sportswear gained 2.1% after a Stifel upgrade.

Shares of Morphic Holding surged more than 75% after Eli Lilly announced a $3.2 billion deal to acquire the biopharma company, giving Eli Lilly access to Morphic’s portfolio of treatments in development. Paramount Global saw a 2% increase in shares after reaching a merger deal with Skydance Media. SolarEdge rose 5% following an upgrade by Bank of America, while ServiceNow slipped 3% after a downgrade by Guggenheim. Domino’s Pizza gained over 1% after an upgrade by Baird, citing strong fundamentals. Gilead saw a more than 2% increase in shares after an upgrade from Raymond James, while PNC advanced 1% on an upgrade from UBS. On the other hand, KeyCorp shares dropped 1% after a downgrade by UBS, and Columbia Sportswear gained 2.1% after an upgrade by Stifel. These companies are making headlines before the bell, with potential impacts on the market.

Source link