Investing.com - Stocks in focus in pre-market trade Thursday:
• CA (CA) stock skyrocketed 18.3% by 8:23 AM ET (12:23 GMT) after Broadcom (AVGO) confirmed that it will acquire the firm for $44.50 per share or $18.9 billion. Broadcom stock sank 9.7%.
• Walmart (WMT) stock gained 0.5% amid a Nikkei report that the firm is looking for buyers for its Japanese supermarket chain Seiyu.
• Delta Air Lines (DAL) stock rose 1.7% as it reported quarterly adjusted earnings per diluted share of $1.77, beating estimates for $1.74. Shares remained higher despite the fact that the airline cut its full-year earnings outlook to a range of $5.35 to $5.70 per share due to an expected $2 billion higher fuel bill for 2018.
• L Brands (LB) stock tumbled 7.3% as the firm reported a 3% rise in comparable store sales for the five weeks ending on July 7, slower than the 5% gain seen a month earlier.
• Zogenix Inc (ZGNX) stock soared 21% as it announced positive results from a late stage trial of its drug used in the treatment of epilepsy.