Stock futures pointed to a recovery on Tuesday after the S&P 500 fell for a fourth straight session.
Here are some of the top risers during Tuesday’s premarket trading.
1. Prevail Therapeutics PRVL | 86.08% up
Shares of Prevail Therapeutics (PRVL) – Request report rose Tuesday after the gene therapy company agreed to be acquired by Eli Lilly (LLY) – Request report for $ 1.04 billion.
Prevail is a New York-based company focused on gene therapy treatments for Parkinson’s disease.
2. Eli Lilly LLY | 2.18%
Eli Lilly (LLY) – Request report raised its earnings forecast for 2020 and issued new guidance for the following year when it unveiled a $ 1 billion deal to purchase Prevail Therapeutics.
Eli Lilly said revenues should be between $ 24.2 billion and $ 24.7 billion by 2020, up $ 500 million from its earlier forecast, with reported gains in the region of $ 6.28 to $ 6.48 a share, up 8 cents a share.
3. Apple AAPL | 1.28% higher
Apple (AAPL) – Request report Shares rose Tuesday after a report that said the tech giant is planning a significant increase in its iPhone production to meet an expected increase in demand in 2021.
4. Pinterest PINS | 1.03% higher
Pinterest (PINS) – Request report agreed to pay $ 22.5 million to settle claims of gender discrimination and retaliation by former chief operating officer, Francoise Brougher.
5. Boeing BA | 0.91% higher
Boeing (BA) – Request report has expanded inspections of its newly produced 787 Dreamliner aircraft after finding a previously disclosed manufacturing flaw in parts of the jet where the problem was initially undetected.
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