Stocks moving premarket: DraftKings, Itau Unibanco, PTC and more
Brazil stocks surge as election results lift ETFs and big-bank shares See today’s movers, including PTC, DraftKings, and key analyst upgrades
Several stocks were active before the opening bell on Monday, including names tied to Brazil, software, gaming, and consumer brands.
Brazilian shares rallied after rightwing presidential candidate Flavio Bolsonaro led incumbent Luiz Inacio Lula Da Silva by about 2 percentage points in Sunday’s election. The iShares MSCI Brazil ETF rose sharply, while U.S.listed shares of Itau Unibanco and Banco Bradesco each gained more than 13%.
PTC jumped after agreeing to be acquired by Schneider Electric for $205 per share, in a deal valuing the company at more than $22 billion. DraftKings also rose after Bank of America upgraded the stock to buy from neutral, citing potential benefits from prediction markets. Other movers included Wells Fargo, Estee Lauder, and HarleyDavidson after analyst upgrades.