Stocks to Watch: Caesars, Bristol-Myers, Carnival, FedEx, and More
June 24 2019 - 9:37AM
Dow Jones News
By Francesca Fontana and Ira Iosebashvili
Here are some of the companies with shares expected to trade
actively in Monday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Caesars Entertainment Corp. -- Up 14% premarket: Eldorado
Resorts agreed to acquire Caesars Entertainment in a cash-and-stock
transaction valued at $8.58 billion, which would create one of the
largest gambling companies in the U.S.
Bristol-Myers Squibb Co. -- Down 3.8% premarket: Bristol-Myers
Squibb said it would divest itself of Otezla, a psoriasis treatment
owned by Celgene Corp., to win approval from regulators and help
smooth the path for the companies' pending merger. Celgene shares
lose 3.3% premarket.
Carnival Corp. -- Down 3.1% premarket: The cruise operator's
shares fell more than 12% last week after the company cut its
full-year earnings outlook.
AMAG Pharmaceuticals Inc. -- Up 8.4% premarket: The company's
shares rose more than 16% in Friday's extended session after it
said the U.S. Food and Drug Administration approved a drug to treat
low libido in women.
FedEx Corp. -- Down 1.7% premarket: FedEx is cutting prices for
some customers of its Express network, The Wall Street Journal
reported, including offering guaranteed two-day air service for the
same price as shipping items through its Ground division.
NRC Group Holdings Corp. -- Up 26% premarket: US Ecology Inc. is
buying NRC Group Holdings, an oil spill removal organization, in a
stock deal the companies are valuing at $966 million.
Fortinet Inc. -- Up 3.5% premarket: J.P. Morgan raised its
rating of Fortinet to overweight from neutral.
This is an expanded version of the "Stocks to Watch" section of
our Markets newsletter. To receive it every morning via email,
click here.
Write to Francesca Fontana at francesca.fontana@wsj.com and Ira
Iosebashvili at ira.iosebashvili@wsj.com
(END) Dow Jones Newswires
June 24, 2019 09:22 ET (13:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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