Stocks - Canopy Growth, ArQule Rise in Premarket; Microsoft Edges Lower

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Stocks - Canopy Growth, ArQule Rise in Premarket; Microsoft Edges Lower
Credit: © Reuters.

Investing.com -- Stocks in focus in premarket trade on Monday, 9th December.

  • Marijuana products group Canopy Growth Corp (NYSE: CGC ) rose 5.9% after saying it has hired David Klein to be its new CEO. Klein is currently chief financial officer at brewer Constellation Brands (NYSE: STZ ), whose stock was unchanged on the news.

  • U.K. supermarket chain Tesco (OTC: TSCDY ) (LON: TSCO ) rose 5.2% after confirming that it’s considering a sale of its remaining Asian businesses, estimated by analysts to be worth around $9 billion.

  • Microsoft (NASDAQ: MSFT ) edged down 0.3% after a report that China is accelerating efforts to remove U.S. computers and software from government offices and public institutions.

  • Cancer drug maker Synthorx (NASDAQ: THOR ) rose some 170% after agreeing to be bought by French pharma giant Sanofi (PA: SASY ) (NASDAQ: SNY ) for some $2.5 billion

  • ArQule (NASDAQ: ARQL ), another oncology specialist, also more than doubled after agreeing to be bought by Merck & Co (NYSE: MRK ) for $2.7 billion.

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