Why American Equity Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
American Equity Investment Life Holding Company (AEL) shares rose 8.7% in pre-market trading following a report suggesting Brookfield is nearing a deal to acquire the company. Meanwhile, Lordstown Motors Corp. (RIDE) fell 56.2% in pre-market trading after filing for Chapter 11 bankruptcy protection.
June 27, 2023 | 12:19 pm
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NEGATIVE IMPACT
Lordstown Motors Corp.'s shares fell 56.2% in pre-market trading after the company filed for Chapter 11 bankruptcy protection.
The filing for Chapter 11 bankruptcy protection by Lordstown Motors Corp. is likely to have a negative impact on RIDE's stock price in the short term, as investors may see this as a sign of financial distress and uncertainty for the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
American Equity Investment Life Holding Company's shares rose 8.7% in pre-market trading due to a report suggesting Brookfield is nearing a deal to acquire the company.
The potential acquisition of American Equity Investment Life Holding Company by Brookfield is likely to have a positive impact on AEL's stock price in the short term, as investors may see this as a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100