AGMH - Why Discover Financial Services Shares Are Trading Higher By Around 11%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Discover Financial Services (NYSE: DFS) shares rose sharply in today’s pre-market trading.
Capital One Financial Corp (NYSE: COF) announced its plans to purchase Discover Financial Services, marking a pivotal $35.3 billion all-stock transaction.
As per the terms of the deal, Discover shareholders are slated to receive 1.0192 shares of Capital One for every share they hold, translating to a 26% premium over Discover's last closing price.
Discover Financial Services shares jumped 11.2% to $122.88 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) gained 283.1% to $0.82 in pre-market trading. AgriFORCE was granted patent from the USPTO related to its FORCEGH+ facilities
- Shineco, Inc. (NASDAQ: SISI) shares jumped 156% to $3.77 in pre-market trading after surging more than 16% on Friday. Shineco recently announced plans for a 1-for-10 reverse stock split to regain compliance with Nasdaq minimum bid requirement.
- TRxADE HEALTH, Inc. (NASDAQ: MEDS) shares rose 100.4% to $8.30 in pre-market trading. TRxADE HEALTH announced the sale of ...