Stocks making the biggest moves premarket: Apogee Therapeutics, SpaceX, Arcosa & more

CNBC Top News ·

Stocks making the biggest moves premarket: Apogee Therapeutics, SpaceX, Arcosa & more

Check out the companies making the biggest moves premarket: Apogee Therapeutics — The biotechnology company soared 50% after AbbVie confirmed it will acquire the company. …

Check out the companies making the biggest moves premarket: Apogee Therapeutics — The biotechnology company soared 50% after AbbVie confirmed it will acquire the company. The $10.9 billion transaction will see AbbVie acquire all outstanding shares of Apogee for $135.11 in cash, a 49% premium compared to Thursday's close. AbbVie said the acquisition will accelerate its presence in the respiratory space, and its shares were up about 1%. Arcosa — Shares rose more than 7% after building materials company CRH announced it was acquiring Arcosa for $8.5 billion. The all-cash transaction will value shares of Arcosa at $150, a 10% premium from Thursday's close. CRH said Arcosa's construction products business with help complement the company's existing portfolio. SpaceX — The company was on pace to fall in its sixth trading session on the Nasdaq, as it fell more than 5% in premarket trading. While shares are off roughly 13% since their closing high on Tuesday, they're still up 30% compared to the stock's IPO price of $135. Getty Images — Shares surged 150% after the company announced an agreement with OpenAI on Sunday. Getty Images' content will appear on OpenAI search and ChatGPT. Even with the search, though, Getty's market cap remains well below $1 billion. Alphabet — The hyperscaler fell nearly 2% after a researcher left Google's AI laboratory for Anthropic on Friday. …

Original source: CNBC Top News

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Alphabet · S & P 500 · Anthropic · Google DeepMind · Micron Technology