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Stock futures fell slightly in premarket trading on Monday, the final week of March, after a week in which the major averages hit new all-time closing highs.
Here are some of Monday’s biggest stock moves:
The biggest earnings
- Stocks of the digital world Acquisition (DWAC) rose more than 8% after shareholders voted in favor of merging the blank check company with former US President Donald Trump’s media and technology company. Donald Trump will hold a major stake in the combined entity, which could be valued at around $3 billion based on DWAC’s stock price, which has more than doubled this year.
- Aurora Cannabis (ACB) shares. increased by more than 6% following the company’s agreement with investors to resolve disputes over the concealment of a revenue shortfall in 2019. The stock also gained on news that cannabis legalization in Germany was proceeding as expected, with the bill who successfully passed the last obstacle.
- Forge Global Holdings (FRGE) shares. increased by more than 24% the day before expected fourth-quarter earnings results. Analysts expect an EPS estimate of -$0.11, a 29% year-over-year increase, and a consensus revenue estimate of $19.24 million, reflecting a 14.4% year-over-year increase . Last week, the company announced the public release of Forge Pro, a significant milestone in the development of a trade order management system for institutional investors trading securities of private companies.
The biggest losers
- Shares of Outlook Therapeutics (OTLK) fell by more than 4% after closing the last trading session up 22%. The previous trading day’s rally was driven by the positive opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use on the authorization of ONS-5010/LYTENAVA for the treatment of wet age-related macular degeneration in the EU.