By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, March 21st. Please refresh for updates.
Boeing (NYSE:BA) stock fell 5.9% after one of the aircraft manufacturer’s 737 airliners, not one of the troubled 737 MAX range, operated by China Eastern Airlines crashed Monday, killing 132 people.
Alleghany (NYSE:Y) stock soared 25% after Warren Buffett's Berkshire Hathaway (NYSE:BRKa), up 0.5%, announced earlier Monday plans to purchase the owner of reinsurer TransRe in an all-cash deal valued at $11.6 billion.
Nielsen (NYSE:NLSN) stock fell 18% after the TV ratings company rejected an unsolicited approach from a private equity consortium that valued it at $9.13 billion.
Anaplan (NYSE:PLAN) stock soared 28% after the software company agreed to be bought out by private-equity firm Thoma Bravo for $10.7 billion.
Exxon Mobil (NYSE:XOM) stock rose 1.5%, Chevron (NYSE:CVX) stock climbed 1.3% and Occidental Petroleum (NYSE:OXY) stock rose 2.8%, benefiting from the surge in crude prices as EU countries considered joining the U.S. embargo on Russian oil exports.
Walt Disney (NYSE:DIS) stock fell 0.4% after the Shanghai Disney Resort announced it will close on Monday until further notice, citing China’s recent wave of Covid-19 infections.
Silvergate Capital (NYSE:SI) stock rose 1.2% after Bank of America has a ‘buy’ rating on the parent of crypto-focused Silvergate Bank, saying this is a good way for investors to get in the digital money asset class.
Manchester United (NYSE:MANU) stock rose 3.1% after Deutsche Bank upgraded its stance on the English soccer club to ‘buy’ from ‘hold’, saying it’s trading too cheaply compared with its peers.
Blackberry (TSX:BB) stock rose 2.3% after RBC upgraded its stance on the telecommunications software company to ‘sector perform’ from ‘underperform’, citing its cheap valuation.