Shares of Nuvalent, Inc (NASDAQ:NUVL) rose sharply in pre-market trading after GSK agreed to acquire the company in a deal valued at $10.6 billion (7.9 billion pounds).

GSK will pay $124 per share in cash, a 40% premium over Nuvalent's closing share price on Monday.

Nuvalent shares jumped 38.2% to $122.56 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

  • CCSC Technology International Hldngs Ltd (NASDAQ:CCTG) gained 651.2% to $3.60 in pre-market trading.
  • Core AI Holdings Inc (NASDAQ:CHAI) gained 564.6% to $5.45 in pre-market trading.
  • Regentis Biomaterials Ltd (NASDAQ:RGNT) gained 211% to $3.98 in pre-market trading.
  • Mingteng International Corp Inc (NASDAQ:MTEN) gained 76.8% to $3.43 in pre-market trading after surging 81% on Monday.
  • Nocera Inc (NASDAQ:NCRA) jumped 66.7% to $0.22 in pre-market trading after dropping 19% on Monday. The company announced a binding agreement with Digital Innovations Group to establish Digital Innovations Venture Group.
  • Zenta Group Co Ltd (NASDAQ:ZTG) rose 54.3% to $3.92 in pre-market trading after falling 8% on Monday.
  • Epsium Enterprise Ltd (NASDAQ:EPSM) rose 45.6% to $1.73 in pre-market trading after gaining 5% on Monday.
  • Designer Brands Inc (NYSE:DBI) rose 20.8% to $10.73 in pre-market trading ahead of quarterly earnings.
  • Applied Digital Corp (NASDAQ:APLD) gained 10.3% to $45.18 in pre-market trading after the company signed a lease agreement for Delta Forge 2.

Losers

  • Park Ha Biological Technology Co Ltd (NASDAQ:BYAH) tumbled 44.2% to $1.48 in pre-market trading after gaining around 150% on Monday.
  • Inotiv Inc (NASDAQ:NOTV) fell 34.4% to $0.073 in pre-market trading after dipping 33% on Monday. Inotiv recently announced it filed a voluntary, prepackaged chapter 11 case after reaching restructuring support deal with lenders and noteholders.
  • iTonic Holdings Ltd (NASDAQ:ITOC) fell 33.4% to $0.34 in pre-market trading after jumping over 80% on Monday.
  • Texxon Holding Ltd (NASDAQ:NPT) fell 32.3% to $3.34 in pre-market trading after jumping 284% on Monday.
  • MetaVia Inc (NASDAQ:MTVA) fell 22.2% to $1.72 in pre-market trading. MetaVia's shareholders approved a reverse stock split.
  • Galaxy Payroll Group Ltd (NASDAQ:GLXG) declined 22.1% to $0.87 in pre-market trading.
  • Highway Holdings Ltd (NASDAQ:HIHO) declined 17.2% to $0.60 in pre-market trading.
  • A Paradise Acquisition Corp (NYSE:ENHA) fell 11.3% to $3.05 in pre-market trading after gaining 40% on Monday.
  • Ideaya Biosciences Inc (NASDAQ:IDYA) shares dipped 10.8% to $28.09 in pre-market trading after the company announced pricing of $300 million offering of common stock and pre-funded warrants.
  • Wipro Ltd (NYSE:WIT) fell 7% to $2.03 in pre-market trading after gaining around 4% on Monday.

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