Seagen Inc (NASDAQ: SGEN) shares are trading higher Thursday following reports suggesting Merck & Company Inc (NYSE: MRK) is in advanced talks to acquire the company.
Keysight Technologies's (NYSE:KEYS) short percent of float has fallen 5.13% since its last report. The company recently reported that it has 2.64 million shares sold short, which is 1.48% of all regular shares that are available for trading.
U.S. stock futures traded higher this morning on Thursday after closing slightly higher on Wednesday. Investors, meanwhile, focused on some notable insider trades.
Adverum Biotechnologies Inc (NASDAQ:ADVM) announced a restructuring plan, including reductions in headcount and expenses, to prioritize its clinical development of…
Gainers
Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) rose 39.6% to $0.2471 in pre-market trading after declining over 8% on Wednesday. Allena Pharmaceuticals recently announced rescheduling of special meeting to approve reverse stock split.
As the market advanced on Wednesday, it was buying time again for Cathie Wood's Ark Investment Management, which has a portfolio of actively managed exchange-traded funds (ETFs).
Gainers
Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) shares climbed 75.2% to close at $2.19 after the company announced it has developed a non-invasive blood sensor designated to alert real-time change in patients' clinical condition.
Honk Kong stocks were trading lower early on Thursday, with most U.S.-listed Chinese tech and electric vehicle shares slipping into the red, despite positive cues from global markets.