On The Fly: Pre-market Movers

HIGHER: Valspar (VAL), up 25.6% after Sherwin-Williams (SHW) will acquire the company for $113 per share in an all cash deal… Starwood Hotels (HOT), up 5.9% after Marriott (MAR) and Starwood signed an amended merger agreement… Marriott is up marginally… WL Ross (WLRH), up 3% after announcing that it will acquire Nexeo Solutions… Tesla (TSLA), up 1% after being upgraded to Buy from Hold at Argus.

LOWER: Affymetrix (AFFX), down 8.1% after Origin Technologies announced that it is still committed to its acquisition of Affymetrix… BioMarin (BMRN), down 4.3% after announcing results from its Phase 3 PRISM-2 study… U.S. Steel (X), down 3.6% after being downgraded to Underperform from Hold at Jefferies… Intel (INTC), down 1.7% after being downgraded to Underperform from Market Perform at Bernstein… Sherwin-Williams, down 1.3% after acquiring Valspar.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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