ERJ - M&A Moves Are Lifting These 2 Stocks Tuesday Morning
December's roller-coaster moves in the stock market have been hard to stomach, but at least investors have gotten periodic relief from sharp drops. It appeared that Tuesday would provide a bounce from recent declines, based on premarket futures market activity. As of 8:45 a.m. ET, Dow Jones Industrial Average (DJINDICES: ^DJI) futures were up 280 points to 35,093. S&P 500 (SNPINDEX: ^GSPC) futures climbed 40 points to 4,598, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures picked up 167 points to 15,788.
A couple of stocks made more significant moves higher in response to some strategic transactions that could have dramatic impacts on their businesses. Citrix Systems (NASDAQ: CTXS) became the latest subject of market chatter about being a possible acquisition target, while Embraer (NYSE: ERJ) decided to have a key high-growth subsidiary go public. Here's what you need to know.
Shares of Citrix Systems were up almost 9% in premarket trading on Tuesday morning. The cloud computing and virtualization technology specialist has been out of favor for a while now, but investors are excited about the possibility that a couple of buyers might be interested in the company.
For further details see:
M&A Moves Are Lifting These 2 Stocks Tuesday Morning