MariaDB PLC (MRDB)
MariaDB PLC shares (MRDB) had a significant jump of 9% in premarket trading on Monday. This came after venture capital group Runa Capital made an offer to acquire the system software group for 56 cents per share in cash. The offer represents a premium of approximately 24% based on the closing price of MariaDB shares on September 13.
Five Point Holdings (FPH)
Shares of Five Point Holdings (FPH) surged by 14% in premarket trading. The owner and developer of planned communities recently announced the appointment of Kim Tobler as their new chief financial officer.
DoorDash Inc. (DASH)
DoorDash Inc. (DASH) experienced a rise of over 2% in premarket trading on Monday. This followed Mizuho upgrading the stock to a buy rating.
General Motors Co. (GM)
General Motors Co. (GM) saw a 0.8% increase in premarket trading. Investors closely monitored a standoff between the automaker and two other companies, namely Ford Motor Co. and Stellantis NV. Workers at three plants have gone on strike, and the president of the United Auto Workers (UAW) rejected Stellantis’s wage-hike offer. Ford shares were not active, while Stellantis shares fell 0.5% in Milan.
Iovance Biotherapeutics Inc.
Iovance Biotherapeutics Inc. (IOVA) witnessed a jump of 7.7% in premarket trading. This surge follows the U.S. Food and Drug Administration’s decision to expedite the remaining review of its Biologics License Application for lifileucel, a melanoma-treatment drug.
Axcella Health Inc.
Axcella Health Inc. (AXLA) experienced a decline of 10%. The company’s shares slumped on Friday when it announced plans for a 1-for-25 reverse stock split. This split, effective from September 19, is aimed at aiding the company in regaining Nasdaq compliance.
Dropbox Inc. (DBX) witnessed a decline of 3.5% in premarket trading following a downgrade by William Blair. Analyst Jason Ader cited concerns about “lackluster organic revenue growth prospects in 2024” as one of the reasons for caution. As a result, he changed his rating from outperform to market perform.
Shares of NetApp Inc. (NTAP) were down by 2% in premarket trading after William Blair’s Jason Ader downgraded the stock. He expressed doubts about the company’s ability to achieve sustained high-single-digit revenue growth and thus changed his rating from bullish to market perform.
PayPal Holdings Inc.
PayPal Holdings Inc.’s (PYPL) stock experienced a decline of approximately 1% after SVB MoffettNathanson analyst Lisa Ellis lowered her rating to market perform from outperform. Ellis noted that she expects PayPal’s gross-profit growth to remain lackluster in the future.