US Premarket: FedEx, Nielsen Holdings and other stocks making biggest moves

FedEx (FDX)

FedEx shares jumped 2% in the premarket trading as CEO
Fred Smith will step down from the position at the company he joined more than
50 years ago. He will become the executive chairman on June 1 and will be
replaced as CEO by President and Chief Operating Officer Raj Subramaniam.

Nielsen Holdings (NLSN)

The TV ratings giant’s stock surged 20.9% in the
premarket action after it approved the acquisition by a private-equity
consortium for $28 per share. The deal is around $16 billion, including assumed
debt.

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Uber Technologies (UBER)

Uber stock added 1.9% in the premarket trading. The company
is in talks with a San Francisco taxis in its ride-hailing platform in that
city, reported The New York Times citing sources. Uber recently signed a
similar agreement in New York City.

LHC Group (LHCG)

LHC shares rose 7.5% in premarket trading. UnitedHealth
(UNH) will acquire the home health-care major for $5.4 billion in cash or $170
per share, according to the Wall Street Journal report. LHC will become part of
UnitedHealth’s Optum health-care services unit.

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GameStop (GME)

Videogame retailer GameStop remains on watch as the stock
has enjoyed a 10-session winning streak that has seen it gain 143%. GameStop
slipped 3.5% in premarket trading.

Jefferies Financial (JEF)

The asset management company’s stock rose 3.7% in the
premarket after posting better-than-expected quarterly profit and revenue.
Jefferies earned $1.23 per share, 89 cents above the share consensus estimate,
even as profit dropped from a year ago period amid what the company called a
“challenging” trading environment.

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Southwest Gas (SWX)

SWX stocks fell 3.4% in the premarket trading.The energy
company will sell $400 million in shares at an average price of $74 per share
to repay debt from its purchase of Questar Pipelines in December for $2
billion. Investor Carl Icahn had opposed that deal, and Southwest rejected his
offer to buy the company at $82.50 per share on Monday.

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Stellantis (STLA)

Stellantis shares surged 4.5% in premarket trading. The
automaker is laying off an undisclosed number of employees at its Illinois Jeep
plant in an effort to “operate the plant in a more sustainable manner”. Several
layoffs occurred at the plant last year as it tried to deal with the impact of
the global semiconductor shortage.

Pinterest (PINS)

Shares of the image-sharing website operator were 2.7%
down in premarket trading after Morgan Stanley lowered the rating to “equal-weight”
from “overweight”. Morgan Stanley identifies challenging user trends, such as
an increase in time spent in activities with lower monetization potential.

Dave & Buster’s (PLAY)

The restaurant chain’s stock slipped 5.9% in the
premarket after a top and bottom-line miss for its latest quarter. Dave &
Buster’s fell 8 cents per share down of estimates, with quarterly earnings of
52 cents per share. Dave & Buster’s said its results were strong in view of
ongoing Covid-19 headwinds.