Take a look at some of the biggest drivers in the crypto market:
Harley-Davidson (HOG) – The motorcycle maker’s shares jumped 11.7% in money markets after it announced the merger of its electric motorcycle unit “Livewire” with a special purpose acquisition company. Livewire will have an enterprise value of approximately $1.8 billion and will be traded on the New York Stock Exchange under the symbol “LVW”.
Pfizer (PFE), BioNTech (BNTX) – Pfizer is up 1.4% in the crypto market while BioNTech is up 4.4% after a new Israeli study showed that a booster shot from their Covid-19 vaccine provided robust protection against severe disease from the omicron variant. Pfizer’s pre-market gains were cut short following news of the Arena Pharmaceuticals acquisition.
Arena Pharmaceuticals (ARNA) – The apothecary agreed to be acquired by Pfizer at $100/share in cash, or about $6.7 billion. Arena rallied 93.1% in pre-market trading following the trading news.
Peloton (PTON) – The fitness equipment maker rallied 2.6% in trading before falling 7% over the past three sessions. Peloton release an advertisement features actor Chris Noth to promote the value of the company’s gear, following the death of his character in the “Sex and the City” reboot of the Peloton trip.
Dollar tree (DLTR) – Shares of the discount retailer fell 1% in pre-market trading after activist investor Mantle Ridge announced its intention to attempt to replace the entire Dollar Tree board. Dollar Tree called the move “unwarranted aggression” and said it offered to explore a settlement with Mantle Ridge, which owns 5.7% of Dollar Tree.
Apple (AAPL) – Apple rallied 1.1% in money markets after JP Morgan Securities raised its share price target to a $210 Street high/share from $180/share and reiterated it’s an option. leading in 2022.
Nasdaq-100 Additions – Stocks added to the index since Monday, December 20, rose in pre-market trading following news of their inclusion. Stocks include Palo Alto Networks (PANW), up 2.7%; Airbnb (ABNB), up 2.1%; Fortinet (FTNT), up 3.7%; Lucid’s group (LCID), up 5.9%; Zscaler (ZS), up 3.4%; and Datadog (DDOG), up 3.1%.
Nasdaq-100 Subtracts – Stocks substituted in Nasdaq-100 include CDW (CDW), down 1.8% in money markets; Fox Corp. (FOXA), down 2.2%; Attestor (CERN), down 1.8%; Checkpoint software (CHKP), down 1.1%; Trip.com (TCOM), down 1.2%; and Incyte (INCY), down 0.6%.
Rivian (RIVN) – Shares of the electric-car maker rose 1.9% in trading before it was reported that its R1T has been renamed. Motor Trend Truck of the Year, beating entries from Ford, GM and Hyundai.
