Wednesday Pre-Market Insights: GEVA, BRDR, MGI, NDLS, ZU
Synageva Biopharma Corp (NASDAQ:GEVA) increased more than 130% to $221.25 in pre-market trading following news that the pharmaceutical company will be acquired by Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN).
Borderfree Inc (NASDAQ:BRDR) increased 105% to $13.94 per share after the ecommerce solutions company announced it will be acquired by Pitney Bowes Inc. (NYSE:PBI).
Moneygram International Inc (NASDAQ:MGI) rose 31% to $10.22 per share in pre-market activity following an announcement that The Western Union Company (NYSE:WU) is in talk to buy the smaller money transfer company.
Noodles & Co (NASDAQ:NDLS) decreased 22.74% to $16 per share after the dining establishment missed earnings.
Zulily Inc (NASDAQ:ZU) shares fell nearly 20% in pre-market trading to $9.49 after the online retailer cut its revenue forecast for second quarter revenue.