Boeing, Nielsen, Disney Fall Premarket; Alleghany, Anaplan Soar

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Boeing, Nielsen, Disney Fall Premarket; Alleghany, Anaplan Soar
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Monday, March 21st. Please refresh for updates.

  • Boeing (NYSE: BA ) stock fell 5.9% after one of the aircraft manufacturer’s 737 airliners, not one of the troubled 737 MAX range, operated by China Eastern Airlines crashed Monday, killing 132 people.

  • Alleghany (NYSE: Y ) stock soared 25% after Warren Buffett's Berkshire Hathaway (NYSE: BRKa ), up 0.5%, announced earlier Monday plans to purchase the owner of reinsurer TransRe in an all-cash deal valued at $11.6 billion.

  • Nielsen (NYSE: NLSN ) stock fell 18% after the TV ratings company rejected an unsolicited approach from a private equity consortium that valued it at $9.13 billion.

  • Anaplan (NYSE: PLAN ) stock soared 28% after the software company agreed to be bought out by private-equity firm Thoma Bravo for $10.7 billion.

  • Exxon Mobil (NYSE: XOM ) stock rose 1.5%, Chevron (NYSE: CVX ) stock climbed 1.3% and Occidental Petroleum (NYSE: OXY ) stock rose 2.8%, benefiting from the surge in crude prices as EU countries considered joining the U.S. embargo on Russian oil exports.

  • Walt Disney (NYSE: DIS ) stock fell 0.4% after the Shanghai Disney Resort announced it will close on Monday until further notice, citing China’s recent wave of Covid-19 infections.

  • Silvergate Capital (NYSE: SI ) stock rose 1.2% after Bank of America has a ‘buy’ rating on the parent of crypto-focused Silvergate Bank, saying this is a good way for investors to get in the digital money asset class.

  • Manchester United (NYSE: MANU ) stock rose 3.1% after Deutsche Bank upgraded its stance on the English soccer club to ‘buy’ from ‘hold’, saying it’s trading too cheaply compared with its peers.

  • Blackberry (TSX: BB ) stock rose 2.3% after RBC upgraded its stance on the telecommunications software company to ‘sector perform’ from ‘underperform’, citing its cheap valuation.

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