Morning Movers: 23andMe plummets after Chapter 11 proceedings and CEO exit

In the commodities market, lipid prices person experienced a flimsy diminution arsenic investors intimately show ongoing ceasefire talks betwixt Russia and Ukraine. The anticipation of accrued Russian lipid supply, contingent upon palmy bid negotiations, has exerted downward unit connected prices. Currently, Brent crude futures are trading astatine $71.91 per barrel, portion U.S. West Texas Intermediate crude stands astatine $68.08 per barrel. ​

Meanwhile, the “Magnificent Seven,” comprising companies similar Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla, are poised for a imaginable rebound. Analysts property optimism to factors specified arsenic a antecedently oversold market, supportive seasonal trends, and stabilizing net revisions. ​

In pre-market trading, S&P 500 futures roseate 1.2%, Nasdaq futures roseate 1.5% and Dow futures roseate astir 1%.

Check retired this morning’s apical movers from astir Wall Street, compiled by The Fly.

HIGHER –

• Azek (AZEK) up 23% aft James Hardie Industries (JHX) and the institution announced an statement nether which James Hardie volition get Azek for a operation of currency and James Hardie shares with a full transaction worth of $8.75B

• Oklo (OKLO) up 6% aft engaging with the U.S. Nuclear Regulatory Commission successful a pre-application readiness appraisal for its combined licence exertion for Oklo’s Aurora Powerhouse astatine the Idaho National Laboratory

• Dun & Bradstreet (DNB) up 3% aft Clearlake Capital announced that it has entered into a definitive statement to get the institution successful a transaction valued astatine $7.7B, including outstanding debt

• Alcon (ALC) up 1% aft the institution and Lensar (LNSR) announced the companies person entered into a definitive merger statement done which Alcon intends to get Lensar for $14 per share

• Penguin Solutions (PENG) up 1% aft announcing that its committee of directors has approved a program to redomicile the genitor institution of the Penguin Solutions radical of companies from the Cayman Islands to the United States

LOWER –

• 23andMe (ME) down 44% aft initiating voluntary Chapter 11 proceedings successful U.S. Bankruptcy Court and announcing that Anne Wojcicki is resigning from her relation arsenic CEO

• Mira Pharmaceuticals (MIRA) down 4% aft signing a binding missive of intent to get SKNY Pharmaceuticals

• Lensar (LNSR) down 4% aft the institution announced an statement done which Alcon intends to get Lensar for $14 per share