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.



<h3>Gainers</h3>



<ul>
<li>CCSC Technology International Hldngs Ltd (NASDAQ:CCTG) gained 651.2% to $3.60 in pre-market trading.</li>



<li>Core AI Holdings Inc (NASDAQ:CHAI) gained 564.6% to $5.45 in pre-market trading.</li>



<li>Regentis Biomaterials Ltd (NASDAQ:RGNT) gained 211% to $3.98 in pre-market trading.</li>



<li>Mingteng International Corp Inc (NASDAQ:MTEN) gained 76.8% to $3.43 in pre-market trading after surging 81% on Monday.</li>



<li>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.</li>



<li>Zenta Group Co Ltd (NASDAQ:ZTG) rose 54.3% to $3.92 in pre-market trading after falling 8% on Monday.</li>



<li>Epsium Enterprise Ltd (NASDAQ:EPSM) rose 45.6% to $1.73 in pre-market trading after gaining 5% on Monday.</li>



<li>Designer Brands Inc (NYSE:DBI) rose 20.8% to $10.73 in pre-market trading ahead of quarterly earnings.</li>



<li>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.</li>
</ul>



<h3>Losers</h3>



<ul>
<li>Park Ha Biological Technology Co Ltd (NASDAQ:BYAH) tumbled 44.2% to $1.48 in pre-market trading after gaining around 150% on Monday.</li>



<li>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.</li>



<li>iTonic Holdings Ltd (NASDAQ:ITOC) fell 33.4% to $0.34 in pre-market trading after jumping over 80% on Monday.</li>



<li>Texxon Holding Ltd (NASDAQ:NPT) fell 32.3% to $3.34 in pre-market trading after jumping 284% on Monday.</li>



<li>MetaVia Inc (NASDAQ:MTVA) fell 22.2% to $1.72 in pre-market trading. MetaVia's shareholders approved a reverse stock split.</li>



<li>Galaxy Payroll Group Ltd (NASDAQ:GLXG) declined 22.1% to $0.87 in pre-market trading.</li>



<li>Highway Holdings Ltd (NASDAQ:HIHO) declined 17.2% to $0.60 in pre-market trading.</li>



<li>A Paradise Acquisition Corp (NYSE:ENHA) fell 11.3% to $3.05 in pre-market trading after gaining 40% on Monday.</li>



<li>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.</li>



<li>Wipro Ltd (NYSE:WIT) fell 7% to $2.03 in pre-market trading after gaining around 4% on Monday.</li>
</ul>



Photo via Shutterstock

NOTV

NUVL

BYAH

RGNT

CCTG

CHAI

NOTVQ

GSK agreed to acquire Nuvalent for $10.6 billion, paying $124 per share in cash, a 40% premium. Nuvalent shares surged 38.2% in pre-market trading. Other notable movers include CCTG (+651%), CHAI (+564%), and RGNT (+211%). Losers included BYAH (-44.2%) and NOTV (-34.4%), which filed for Chapter 11 bankruptcy.

benzinga_article

Inotiv

Nuvalent

Park Ha Biological Tech

Regentis Biomaterials

CCSC Tech

Core AI

INOTIV INC

Mingteng

Nocera

Zenta

Epsium Enterprise

Designer Brands

Applied Digital

iTonic

Texxon

MetaVia

Galaxy Payroll

Highway

Enhanced

Ideaya Biosciences

Wipro

GlaxoSmithKline plc

GSK plc Sponsored ADR

Why Nuvalent Shares Are Trading Higher By 38%; Here Are 20 Stocks Moving Premarket