CRNC - Hot Stocks: VG takeover; ZH rises on earnings; CRNC NIU drop; BLUE jumps on FDA application

Vonage (NASDAQ:VG) took the spotlight at the start of a holiday-shortened weak on Monday, soaring in pre-market trading on news of a takeover deal worth more than $6B. The cloud communication provider agreed to be purchased by Ericsson (NASDAQ:ERIC). Zhihu (NYSE:ZH) climbed before the bell, propelled higher by earnings figures. Meanwhile, news of a step forward on the regulatory front gave a boost to biotech firm bluebird bio (NASDAQ:BLUE). On the downside, both Cerence (NASDAQ:CRNC) and Niu Technologies (NASDAQ:NIU) retreated in pre-market action following the release of their respective quarterly results. Gainers Vonage (VG) jumped nearly 26% before the opening bell after it reached a deal to be acquired by Ericsson (ERIC). The purchase price for the all-cash agreement equates to $21 per share, or a total enterprise value of $6.2B. ERIC slipped nearly 4% on the news. Zhihu (ZH) posted a pre-market gain on earnings news. Shares rose nearly

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Hot Stocks: VG takeover; ZH rises on earnings; CRNC, NIU drop; BLUE jumps on FDA application