GenMark, AMC Entertainment Rise Premarket; Eli Lilly Falls

GenMark, AMC Entertainment Rise Premarket; Eli Lilly Falls © Reuters

By Peter Nurse — Stocks in focus in premarket trade on Monday, March 15th. Please refresh for updates.

  • GenMark (NASDAQ:GNMK) stock soared 29% after Swiss pharma giant Roche agreed to buy the molecular diagnostic solutions company for $1.8 billion.

  • Eli Lilly (NYSE:LLY) stock fell 7% after the drug maker said its experimental treatment for Alzheimer’s slowed the decline in patients only modestly over an 18-month period in a mid-stage study. It has already begun a second study of the treatment.

  • AMC Entertainment (NYSE:AMC) stock rose 8.4%, with the movie theater chain set to open two of its premises in Hollywood later Monday. It plans to open the remaining 23 theaters in Los Angeles on Friday.

  • NXP Semiconductors (NASDAQ:NXPI) stock rose 7.5%, Penn National Gaming (NASDAQ:PENN) stock rose 6.9%, Caesars (NASDAQ:CZR) stock climbed 4.2% and Generac (NYSE:GNRC) stock rose 3% as all four stocks are set to join the S&P 500 index in its quarterly rebalancing.

  • AstraZeneca (NASDAQ:AZN) ADR rose 0.3% after the drug maker pushed back on concerns surrounding its Covid-19 vaccine and reports of serious blood clotting in some recipients, saying there was no evidence of this issue in the over 17 million doses administered in Europe and the U.K.. Ireland became the latest European country to stop using the vaccine on Sunday.

  • United Airlines (NASDAQ:UAL) rose 3%, American Airlines (NASDAQ:AAL) rose 4.5% and Delta Air Lines (NYSE:DAL) stock rose 2.2% after U.S. passenger numbers reached their highest levels on Friday since March last year.

  • Amazon (NASDAQ:AMZN) stock fell 0.3% with food delivery service Deliveroo, which the e-commerce giant has heavily backed, looking to raise $1.4 billion at its IPO on the London Stock Exchange.

  • Tesla (NASDAQ:TSLA) stock fell 0.5% with CEO Elon Musk seeking the limelight again, changing his official corporate title to TechnoKing of Tesla while CFO Zach Kirkhorn will become Master of Coin.

  • DraftKings (NASDAQ:DKNG) stock fell 4.9% after the sports betting company announced a proposed offering of $1 billion in convertible notes due in 2028. Its rival FanDuel is also looking at listing its U.K.-based Flutter Entertainment business.

  • Carnival (NYSE:CUK) stock rose 1.6% after the Financial Times reported CEO Arnold Donald saying the cruise operator’s full fleet might be sailing by the end of the year, even if there will be at least two more tough years for the industry.

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