KKD Krispy Kreme Doughnuts, Inc.

Among the companies with shares expected to trade actively in Monday's session are LendingClub Corp. (LC), Krispy Kreme Doughnuts Inc. (KKD), and Freeport-McMoRan Inc. (FCX).

LendingClub on Monday said Renaud Laplanche resigned as chief executive and chairman following an internal review of sales of $22 million in near-prime loans to a single investor against that investor's explicit instructions. Shares tumbled 24% to $5.37 in premarket trading.

Krispy Kreme Doughnuts agreed to be acquired by a unit of JAB Holding Co. in a deal valued at roughly $1.33 billion that would take the struggling company private. Shares of Krispy Kreme jumped 23% to $20.81 premarket.

Freeport-McMoRan said it would sell its stake in an African surface mining operation to a Chinese mining and processing firm for $2.65 billion in cash, as Freeport looks to pay down debt. Shares declined 2.9% to $11.45 premarket trading.

Valeant Pharmaceuticals International Inc. (VRX) on Monday said it expects to report its first-quarter earnings earlier than its deadline to avoid defaulting on its debt agreements. Shares were up 4.4% at $31.21 premarket.

Teva Pharmaceuticals Industries Ltd. (TEVA) reported a decline in revenue as some of its medications lost exclusivity, though expenses also fell, driving profit upward. Shares rose 5.2% to $52.90 premarket.

Tyson Foods Inc. (TSN) raised its profit forecast for the year, as the meat supplier reported better-than-expected earnings and revenue in the second quarter, helped by continued strong consumer demand.

Wayfair Inc. (W) on Monday said it posted a wider loss in the first quarter amid higher spending, though revenue at the online home-goods retailer soared 76%, topping Wall Street views.

Sotheby's (BID) reported a much deeper-than-expected loss in the first quarter of the year as the company reported a 35% decline in net auction sales, driving a 33% slide in auction commission revenue.

Tribune Publishing Co. (TRIB) said it had approved a so-called poison pill as part of its defense to try to stop Gannett Co. (GCI) from acquiring the publisher of the Los Angeles Times and other newspapers.

Barron's Watchlist:

Under Sachin Lawande's guidance, auto-parts supplier Visteon Corp. (VC) is poised to grow rapidly as auto makers upgrade their electronics offerings.

Write to Jenny Roth at jenny.roth@wsj.com

(END) Dow Jones Newswires

May 09, 2016 09:34 ET (13:34 GMT)

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