Why Chuy's Holdings Shares Are Trading Higher By 47%; Here Are 20 Stocks Moving Premarket
Author: Avi Kapoor | July 18, 2024 06:00am
Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) rose sharply in today's pre-market trading after the company and Darden Restaurants, Inc. (NYSE:DRI) jointly announced that Darden will acquire Chuy's Holdings.
Chuy's Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy's outstanding stock for $37.50 per share in cash. The all-cash transaction has an enterprise value of approximately $605 million.
Chuy’s Holdings shares jumped 47.4% to $37.27 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Onconetix, Inc. (NASDAQ:ONCO) gained 65% to $0.2458 in pre-market trading. On July 15, Onconetix announced closing of warrant exercise for $1.11 million gross proceeds.
- Apollomics, Inc. (NASDAQ:APLM) shares rose 30.4% to $0.2971 in pre-market trading after gaining around 13% on Wednesday. Apollomics late Tuesday announced it had received approval from Nasdaq for a 180-day extension to address non-compliance with its listing requirements due to its share price falling below $1.00 for an extended period.
- Virios Therapeutics, Inc. (NASDAQ:VIRI) rose 19.6% to $0.3480 in pre-market trading after jumping more than 18% on Wednesday.
- Big Tree Cloud Holdings Limited (NASDAQ:DSY) gained 16.3% to $1.64 in pre-market trading.
- SAI.TECH Global Corporation (NASDAQ:SAI) shares gained 15.5% to $1.14 in pre-market trading after the company’s Board authorized a buyback of up to $1 million and up to 1 million shares.
- Ostin Technology Group Co Ltd (NASDAQ:OST) shares climbed 11.8% to $0.37 in pre-market trading.
- MultiMetaVerse Holdings Limited (NASDAQ:MMV) shares surged 11.2% to $0.7229 in pre-market trading after jumping 16% on Wednesday. MultiMetaVerse recently entered into an agreement with Zhenghe Holding Co. to establish a joint venture to invest in and trade alternative assets with the assistance of quantitative algorithms.
- QT Imaging Holdings, Inc. (NASDAQ:QTI) shares gained 10.7% to $0.7546 in pre-market trading.
- Lilium N.V. (NASDAQ:LILM) gained 9.2% to $1.06 in pre-market trading. Saudia Group and Lilium N signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more.
Losers
- Leslie’s, Inc. (NASDAQ:LESL) shares fell 22.6% to $3.16 in pre-market trading after the company issued preliminary third-quarter financial results below estimates and cut its FY24 guidance.
- Aptevo Therapeutics Inc. (NASDAQ:APVO) shares fell 15% to $0.4940 in pre-market trading after jumping 76% on Wednesday. On July 1, Aptevo Therapeutics announced the closing of $2.75 million offering.
- Cetus Capital Acquisition Corp. (NASDAQ:CETU) shares declined 14.2% to $8.50 in pre-market trading after surging 80% on Wednesday.
- American Rebel Holdings, Inc. (NASDAQ:AREB) shares fell 12.5% to $0.7945 in pre-market trading after jumping around 32% on Wednesday.
- Beyond Meat, Inc. (NASDAQ:BYND) shares dipped 11.7% to $6.33 in pre-market trading following a report suggesting the company’s liquidity has weakened and it is engaging bondholders for debt discussions.
- Aditxt, Inc. (NASDAQ:ADTX) shares fell 11.5% to $2.05 in pre-market trading. Aditxt shares climbed around 46% on Wednesday after the company and Evofem amended and restated their merger agreement.
- CBL International Limited (NASDAQ:BANL) shares fell 10.2% to $0.80 in pre-market trading after gaining around 35% on Wednesday.
- Lottery.com Inc (NASDAQ:LTRY) fell 8.3% to $1.31 in pre-market trading after gaining over 12% on Wednesday.
- Meiwu Technology Company Limited (NASDAQ:WNW) fell 7.8% to $1.18 in pre-market trading after jumping more than 40% on Wednesday.
- Stardust Power Inc. (NASDAQ:SDST) shares declined 8.1% to $22.50 in pre-market trading after jumping around 145% on Wednesday.
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