Cigna Calls Off Humana Merger, Joins Macy's, Snap And Other Big Stocks Moving Higher In Monday's Pre-Market Session

Author: Avi Kapoor | December 11, 2023 07:07am

U.S. stock futures were mixed this morning, with the Dow Jones futures trading almost flat on Monday.

Shares of The Cigna Group (NYSE:CI) shares rose sharply in pre-market trading. Cigna has withdrawn from its proposed merger with Humana Inc. (NYSE:HUM).

The deal, poised to create a colossal entity in the industry with an estimated $140 billion, fell through due to disagreements over financial terms.

Cigna shares climbed 11.6% to $288.88 in pre-market trading.

Here are some big stocks recording gains in today’s pre-market trading session.

Macy's, Inc. (NYSE:M) shares jumped 19.1% to $20.71 in pre-market trading. An investor consortium has tabled a $5.8 billion bid to acquire Macy's, in an attempt to privatize the iconic department store chain.
NaaS Technology Inc. (NASDAQ:NAAS) surged 14.9% to $2.39 in pre-market trading. NaaS Technology recently announced termination of proposed Charge Amps acquisition.
bluebird bio, Inc. (NASDAQ:BLUE) gained 10.8% to $3.170 in pre-market trading after the company said updated data from the company’s gene therapy program in transfusion-dependent beta-thalassemia were presented today at the 65th ASH Annual Meeting & Exposition.
Oatly Group AB (NASDAQ:OTLY) climbed 8.1% to $1.20 in pre-market trading after declining around 3% on Friday.
Kohl's Corporation (NYSE:KSS) gained 6.3% to $26.20 in pre-market trading after gaining 3% on Friday.
Nordstrom, Inc. (NYSE:JWN) rose 5.4% to $17.24 in pre-market trading.
Snap Inc. (NYSE:SNAP) rose 4.6% to $15.79 in pre-market trading.
MorphoSys AG (NASDAQ:MOR) gained 4% to $7.33 in pre-market trading as the company presented comprehensive results from the Phase 3 MANIFEST-2 study investigating pelabresib at 65th American Society of Hematology Annual Meeting.
Pinterest, Inc. (NYSE:PINS) rose 3.2% to $36.03 in pre-market trading.
Humana Inc. (NYSE:HUM) gained 2.3% to $492.89 in pre-market trading. Cigna has withdrawn from its proposed merger with Humana.