Nielsen Holdings, FedEx, LHC Group, and other companies are experiencing significant price changes before the market opens.

Nielsen Holdings, FedEx, LHC Group, and other companies are experiencing significant price changes before the market opens.
Nielsen Holdings, FedEx, LHC Group, and other companies are experiencing significant price changes before the market opens.

Take a look at some of the biggest movers in the premarket:

The private-equity consortium agreed to acquire the TV ratings company for $28 per share, resulting in a 20.9% increase in the company's stock price in the premarket. The deal is valued at $16 billion, including assumed debt.

FedEx CEO Fred Smith, who founded the company over 50 years ago, will step down from his role as CEO on June 1 and become executive chairman. He will be replaced as CEO by President and Chief Operating Officer Raj Subramaniam. FedEx shares rose 2% in the premarket.

The home health-care specialist, LHCG, will be acquired by UNH for $5.4 billion in cash or $170 per share, according to The Wall Street Journal. LHC will now be part of UnitedHealth's Optum health-care services unit. LHC shares increased by 7.5% in premarket trading.

Uber is on the brink of reaching a deal with a San Francisco taxi company to integrate taxis into its ride-hailing platform in that city, sources close to the matter have revealed to The New York Times. This news comes after Uber recently struck a similar agreement in New York City. As a result, the stock price increased by 1.9% during premarket trading.

The asset management firm's stock surged 3.7% in the premarket after reporting better-than-expected quarterly earnings and revenue. Despite a decline in profit from the previous year, Jefferies exceeded the consensus estimate of $89 cents a share with earnings of $1.23 per share. The company attributed the challenging trading environment to its decline in profit.

The stock of GameStop continues to be monitored as it experiences a 10-day winning streak, resulting in a 143% increase. Meanwhile, another "meme stock," AMC, had a 45% surge on Monday, its best day since June. Despite this, GameStop fell 3.5% in premarket trading, while AMC slid 4.5%.

The Illinois Jeep plant of the automaker is laying off an undisclosed number of workers to operate the plant in a more sustainable manner. The plant experienced layoffs last year due to the global semiconductor shortage. Stellantis shares increased by 4.5% in premarket trading.

The energy producer plans to sell $400 million in shares at $74 per share to repay debt used in its $2 billion acquisition of Questar Pipelines in December. This move was prompted by the rejection of an offer from investor Carl Icahn to buy Southwest at $82.50 per share on Monday. As a result, Southwest's stock price fell 3.4% in the premarket.

The restaurant chain's stock price dropped 5.9% in the premarket after missing both top and bottom-line estimates in its latest quarter. Dave & Buster's fell 8 cents short of expectations, with quarterly earnings of 52 cents per share. Despite ongoing Covid-19 challenges, the company said its results were strong.

The image-sharing site operator's shares dropped 2.7% in premarket trading after Morgan Stanley downgraded it to "equal-weight" from "overweight." Morgan Stanley cited challenging user trends, such as a higher proportion of time spent on activities with lower monetization potential, as the reason for the downgrade.

by Peter Schacknow

markets