Signify Health, Inc. ( NYSE: SGFY ) jumped out ahead before the bell as the Dallas-based firm has reported to consider the idea of being bought out. At the same time popular meme stock AMC Entertainment ( NYSE: AMC ) has cratered with the theater industry remaining under heavy pressure.
DocuSign, Inc. ( NASDAQ: DOCU ) also dives lower after it was downgraded by RBC Capital Markets. Wendy's Company ( NASDAQ: WEN ) also found itself in the red as it is in the midst of an E.coli outbreak.
Gainer
Signify Health, Inc. ( SGFY ) exploded 37.5% in early trading as the firm reports that the home health service provider plans to conduct a board meeting to evaluate multiple buyout offers .
Decliners
Meme stock AMC Entertainment Holdings ( AMC ) crashed 35.2% during Monday’s early market trading session as the theater industry felt ripples from Cineworld ( OTCPK:CNNWF ), which has confirmed that it is preparing to file for Chapter 11 bankruptcy .
DocuSign, Inc. ( DOCU ) is lower by 4.5% in premarket trading as the tech firm has been downgraded by RBC Capital Markets. The software company was lowered to sector perform from outperform and had its price target slashed to $65 from $80. RBC Capital Markets noted that while there is a "long path" to a turnaround, the company still has a number of issues facing it.
The fast-food chain restaurant Wendy's Company ( WEN ) dipped 1% in early market trading after the Centers for Disease Control and Prevention stated that WEN has been linked to an E. coli outbreak that has been reported in four states. So far, the CDC is examining incidents that involve 37 people who have been infected and 10 who have been hospitalized.
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Hot Stocks: SGFY pops on buyout talks, AMC drops 35%, DOCU falls on downgrade, WEN slides