Why Hibbett Shares Are Trading Higher By 18%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Hibbett, Inc. (NASDAQ:HIBB) shares surged 18.4% in pre-market trading after announcing its acquisition by JD Sports Fashion for $87.50 per share, valuing the deal at $1.1 billion. Other stocks showed significant movement in pre-market trading, with notable gainers including Pineapple Energy Inc., ImmunityBio, Inc., and Nuwellis, Inc., among others, due to various positive developments. Conversely, stocks like Abeona Therapeutics Inc., Greenwave Technology Solutions, Inc., and T2 Biosystems, Inc. experienced notable declines due to negative news or financial results.
April 23, 2024 | 12:00 pm
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Hibbett, Inc. shares surged 18.4% in pre-market trading following the announcement of its acquisition by JD Sports Fashion for $87.50 per share in a $1.1 billion deal.
The acquisition announcement typically leads to a positive short-term impact on the stock price of the company being acquired, as it reflects a premium on the current stock price.
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