Premarket Movers: Netflix, Soleno, Twilio, and More
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
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Source: CNBC
- Netflix Upgrade Impact: Following Goldman Sachs' upgrade of Netflix from neutral to buy, the stock rose 1.5%, with the bank highlighting Netflix's continued leadership in content acquisition and development, alongside a high likelihood of multi-year capital returns to shareholders.
- Soleno Acquisition Surge: Shares of Soleno Therapeutics surged nearly 40% after Neurocrine Biosciences announced an agreement to acquire the company for $53 per share in cash, valuing the deal at approximately $2.9 billion, which is expected to enhance Neurocrine's leadership in endocrinology and rare diseases.
- Twilio's Critical Role: Twilio's stock rose more than 3% after Jefferies upgraded its rating from hold to buy, indicating that Twilio will play a crucial role in the development and production of voice artificial intelligence, suggesting significant future growth potential.
- Memory Stocks Rebound: Following a sharp sell-off last week, memory stocks like Sandisk and Micron jumped over 3%, while Western Digital and Seagate Technology rose more than 2% and 2.5%, respectively, indicating a strong market recovery for this sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
