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Stocks - Sears Slumps in Pre-market; Snap, Campbell Soup Rise

Published 10/10/2018, 08:17 AM
Updated 10/10/2018, 08:25 AM
© Reuters.  Stocks to watch out for on Wednesday.

Investing.com - Stocks in focus in pre-market trade Wednesday:

· Sears Holdings (NASDAQ:SHLD) stock slumped 28.39% as of 8:15 AM ET (12:15 GMT) after reports the retailer is working with banks to file bankruptcy.

· Campbell Soup (NYSE:CPB) stock rose 1.52% after news that Daniel Loeb’s Third Point Management had increased its stake in the company from 5.65% to 6.98%.

· Akorn (NASDAQ:AKRX) stock increased 8.36% after the company said its new drug application for bimatoprost ophthalmic solution to treat eyelashes was approved by the U.S. Food and Drug Administration.

· Amazon (NASDAQ:AMZN) stock was down 0.27% after the company landed a $1 billion cloud deal with SAP (DE:SAPG) and Symantec (NASDAQ:SYMC).

· DSW (NYSE:DSW) stock is likely to see movement after news the company and Authentic Brands Group are acquiring Camuto Group, which makes the Vince Camuto brand and footwear licences for Lucky brand. The deal is worth about $375 million.

· Snap (NYSE:SNAP) stock jumped 1.57% after the company announced it was introducing scripted shows for its app in an attempt to lure more users.

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