During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Gainers
PacWest Bancorp (NASDAQ: PACW) rose 29.9% to $12.66 in pre-market trading after multiple insider buys by Officers, Directors reported late Monday.
U.S. stock futures traded higher this morning. Here are some big stocks recording losses in today’s pre-market trading session.
GitLab Inc. (NASDAQ: GTLB) shares dipped 31.1% to $30.75 in pre-market after the company issued weak revenue guidance.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 150 points on Monday.
The Dow traded up 0.59% to 32,096.68 while the NASDAQ rose 1.35% to 11,288.8. The S&P 500, also rose, gaining, 0.78% 3,891.75.
Gainers
Provention Bio, Inc. (NASDAQ: PRVB) shares jumped 250.8% to $23.50 after Sanofi announced it will acquire the company for $25 per share in cash.
U.S. stocks traded mostly higher this morning, with the Dow Jones gaining around 75 points on Monday.
Following the market opening Monday, the Dow traded up 0.24% to 31,986.55 while the NASDAQ rose 0.24% to 11,165.62. The S&P 500, meanwhile, fell, dropping, 0.03% to 3,860.50.