Stocks to Watch: Caesars, Bristol-Myers, Carnival, FedEx, and More

Date : 06/24/2019 @ 2:37PM
Source : Dow Jones News
Stock : Bristol Myers Squibb Co (BMY)
Quote : 46.58  -1.28 (-2.67%) @ 9:28PM

Stocks to Watch: Caesars, Bristol-Myers, Carnival, FedEx, and More

Bristol Myers Squibb (NYSE:BMY)
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2 Months : From Jun 2019 to Aug 2019

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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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