Stocks Making Significant Premarket Moves: DraftKings, Itau Unibanco, PTC Among Others
Premarket trading saw significant movements in several stocks due to a mix of political developments and corporate news. Brazilian stocks surged after right-wing candidate Flavio Bolsonaro narrowly won the presidential election over Lula Da Silva, boosting investor confidence. The iShares MSCI Brazil ETF (EWZ) rose 12%, while Itau Unibanco and Banco Bradesco shares jumped more than 13% each. PTC's stock surged 36% after announcing its acquisition by Schneider Electric at $205 per share, valuing the company at over $22 billion. The deal is expected to close in Q3 of 2027. Other notable gains included Wells Fargo and DraftKings following analyst upgrades from Morgan Stanley and Bank of America respectively.
Tickers: $BAC $BBDC $BCS $DKNG $EL $EWZ $ITUB $MS $PTC $SU $WFC
Topics: acquisitions elections stock_upgrades