Hot Stocks to Watch in the U.S. and Canada
17 April 2017 - 11:41PM
Dow Jones News
Among the companies with shares expected to trade actively in
Monday's session are MoneyGram International Inc. (MGI), Eli Lilly
& Co. (LLY), and Incyte Corp. (INCY)
Ant Financial Services Group has raised its bid for U.S.
money-transfer company MoneyGram International to around $1.2
billion--topping a rival offer and making China's biggest
online-payments firm once more the leading contender in an
increasingly politicized takeover battle. Shares of MoneyGram
climbed 8.2% to $17.87 in premarket trading.
Eli Lilly and Incyte on Friday said the U.S. Food and Drug
Administration didn't approve their new drug application for a
rheumatoid arthritis treatment that some analysts estimate could
generate more than $2 billion in annual sales. Shares of Lilly
dropped 5.5% to $81.10 premarket Monday, while Incyte shares sank
11% to $126.03.
Snyder's-Lance Inc. (LNCE) said Monday that Chief Executive Carl
Lee Jr. has retired after 12 years at the company, and the maker of
Kettle Brand and Cape Cod chips braced investors for weakness going
forward. The company's shares tumbled 12% to $35.05 premarket.
Hospital operator HCA Holdings Inc. (HCA) posts preliminary
quarterly results below Wall Street expectations, blaming shifts in
payer mix as well one fewer day in the period compared to last
year.
Write to Jenny Roth at jenny.roth@wsj.com
(END) Dow Jones Newswires
April 17, 2017 09:26 ET (13:26 GMT)
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