Investing.com - Stocks in focus in pre-market trade Monday:
• Tesla (NASDAQ:TSLA) stock sank 3.74% by 8:07 AM ET (12:07 GMT) after The Wall Street Journal reported that the firm had asked some suppliers to return a portion of the money that it had previously paid since 2016, stoking concerns about the company’s cash flow. The memo cited by the financial newspaper described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players.
• Hasbro (NASDAQ:HAS) stock jumped 8.60% as second-quarter revenue and profit topped consensus.
• Halliburton (NYSE:HAL) stock fell 1.75%, even though second-quarter earnings per share matched expectations.
• Fiat Chrysler (NYSE:FCAU) stock slumped 2.28% as it named its Jeep division boss Mike Manley to replace chief executive Sergio Marchionne, who fell seriously ill after suffering complications following surgery.
• Papa John's International (NASDAQ:PZZA) stock tumbled 6.11% as the firm’s board adopted a limited duration stockholder rights plan in order to reduce the likelihood of a hostile takeover. The board announced the poison pill as it seeks to sever ties with founder John Schnatter, who used a racial slur during a recent conference call.
• Jd.Com (NASDAQ:JD) stock rose 0.73% after its chief executive Richard Liu told Handelsblatt that the company was finalizing plans to enter the European market and open an office in Germany by the end of this year.
• LifePoint Health (NASDAQ:LPNT) skyrocketed 33.82% after announcing that it would merge with RCCH HealthCare Partners, which is owned by certain funds managed by affiliates of Apollo Global Management. Upon closing of the transaction, the firm’s shareholders will receive $65.00 per share in a deal valued at approximately $5.6 billion, including debt.
• Syntel (NASDAQ:SYNT) stock rose 3.63% as it agreed to be acquired by Atos for $41.00 per share in an all-cash transaction valued at approximately $3.57 billion, including Syntel’s net debt.