Market Insider

Stocks making the biggest moves premarket:, Uber, Tesla, TJX & more

News Update – Pre-Markets
News Update – Pre-Markets

Check out the companies making headlines before the bell: –'s logistics unit is considering an overseas initial public offering that could raise up to $10 billion, according to a Reuters report. The China-based e-commerce company is said to have held early discussions with banks about an IPO, targeting a valuation of about $30 billion for the unit.

BlackRock – BlackRock has reportedly agreed to set up a wealth management joint venture in China, according to Reuters. Singapore's Temasek Holdings and China Construction Bank would be the asset management firm's partners.

Diamond Eagle Acquisition – The special purpose acquisition company will combine with sports betting company DraftKings and sports betting technology provider SBTech. Upon completion of the deal, the combined company will be renamed DraftKings and trade on the Nasdaq under a new ticker symbol.

Sarepta Therapeutics – Sarepta struck a $1.15 billion licensing deal with Swiss drugmaker Roche, which will launch and market Sarepta's gene therapy treatment for Duchenne muscular dystrophy outside the United States.

Tesla – The automaker struck a deal to buy a plot of land outside Berlin for a new Gigafactory, according to a Bloomberg report.

Uber – Uber co-founder Travis Kalanick has sold more than 90% of his stake in the company over the past seven weeks, according to SEC filings. The sales began in early November, when the Uber lockup expired, and have continued every day the market has been open since then. The Wall Street Journal noted the sales but said it could not be learned precisely why Kalanick has sold so much of his stake in the ride-hailing company.

Boeing – Boeing's Starliner spacecraft made a successful landing in New Mexico on Sunday. Boeing said the mission will provide a great deal of useful data, despite not being able to dock with the International Space Station as originally planned.

TJX – TJX was accused by New York Senator Chuck Schumer of selling recalled and potentially dangerous products at its TJ Maxx, Marshalls, and Home Goods stores. TJX issued a statement saying some of the products in question were mistakenly left on shelves, and that it is working to prevent a recurrence.

Cincinnati Bell – The communication systems provider agreed to be bought by Brookfield Infrastructure for $10.50 per share in cash, 36% higher than Cincinnati Bell's Friday close. The deal is worth $2.6 billion including debt.

Aurora Cannabis – The Canadian cannabis producer said it has taken steps to reduce debt and boost liquidity, as it gets set to roll out its "Cannabis 2.0" product line of newly legalized products.