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Stocks - Teva, Tilray, Canopy Growth Soar in Pre-market; Tesla, Amazon Fall

Stock MarketsSep 17, 2018 08:30AM ET
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© Reuters. Stocks in focus in pre-market trade on Monday

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

• Teva (NYSE:TEVA) stock surged 8.03% by 8:00 AM ET (12:00 GMT) after the U.S. Food and Drug Administration approved the company's migraine treatment.

• Tilray (NASDAQ:TLRY) stock surged 6.86%, while Canopy Growth (NYSE:CGC) rose 2.01% as Bloomberg reported that Coca-Cola (NYSE:KO) was in talks with Canadian marijuana producer Aurora Cannabis (TO:ACB) to make cannabis-infused beverages.

• Tesla (NASDAQ:TSLA) stock slipped 0.41% as chief executive Elon Musk said over the weekend that the company’s problems have shifted from production delays to delivery logistics. Musk also indicated that Tesla will bring most collision repairs in-house.

• Amazon.com (NASDAQ:AMZN) stock lost 0.62% as the company investigates a report that its employees were accepting bribes to provide confidential internal data and other services in exchange for a fee.

• Meredith (NYSE:MDP) stock could see movement in the regular session after it agreed to sell the Time media brand for $190 million to Salesforce.com (NYSE:CRM) chairman Marc Benioff and his wife Lynne.

Tyson Foods (NYSE:TSN) stock fell 2.21% as the company announced that Noel White would replace Tom Hayes as president and chief executive. The company also reaffirmed its guidance for earnings per share in fiscal 2018.

• DowDuPont (NYSE:DWDP) stock may see movement in the regular session as the company announced that chief executive Edward Breen will take over as the executive chairman of its specialty-products unit when it separates into three units.

Select Income REIT (NASDAQ:SIR) skyrocketed 20.19% after it agreed to merge with Government Properties Income Trust (NASDAQ:GOV).

• Fiat Chrysler Automobiles (NYSE:FCAU) stock may see movement in the regular session after the company reportedly decided to look for other bidders for Magneti Marelli as it considers KKR’s sub-$7 billion offer to be too low, according to Bloomberg.

• Mersana Therapeutics (NASDAQ:MRSN) stock jumped 7.8% after the Food and Drug Administration lifted a clinical hold on its cancer therapy.

Stocks - Teva, Tilray, Canopy Growth Soar in Pre-market; Tesla, Amazon Fall
 

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Mohd Ridzuad Musa
Mohd Ridzuad Musa Sep 17, 2018 8:46AM ET
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• Teva (NYSE:TEVA) stock surged 8.03% by 8:00 AM ET (12:00 GMT) after the U.S. Food and Drug Administration approved the company's migraine treatment.
 
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