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Stocks - Bank of America Gains in Pre-market; Sears Tanks, Disney Falls

Published 10/15/2018, 08:29 AM
Updated 10/15/2018, 08:29 AM
© Reuters.  Stocks in focus in pre-market trade on Monday.

© Reuters. Stocks in focus in pre-market trade on Monday.

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

• Bank of America (NYSE:BAC) stock gained 0.74% by 8:14 AM ET (12:14 GMT) as the company reported better-than-expected third-quarter results.

• Sears Holdings (NASDAQ:SHLD) stock crashed 26.29% as the company filed for bankruptcy early Monday after years of staying afloat through financial maneuvering and announced that Eddie Lampert will be stepping down as CEO, effective immediately, although he remains its chairman.

• Walt Disney (NYSE:DIS) stock fell 0.59% as the European Commission said the company offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for Twenty-First Century Fox's (NASDAQ:FOXA) entertainment assets.

• L3 Technologies (NYSE:LLL) stock jumped 4.96% and Harris (NYSE:HRS) stock traded up 2.29% after announcing they agreed to an all-stock merger of equals to “create a global defense technology leader”.

• Dell Technologies (NYSE:DVMT) rose 1.05% as activist investor Carl Icahn announced that he now has an 8.3% stake in the company that track’s Dell’s investment in VMware (NYSE:VMW).

• Walmart (NYSE:WMT) stock was little changed after announcing the acquisition of online lingerie retailer Bare Necessities for an undisclosed amount.

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