Furniture stocks, Keurig Dr Pepper fall premarket; Verint rises
Investing.com -- Here are some of the biggest U.S. movers before the bell Monday:
Keurig Dr Pepper Inc fell 3.4% after announcing a deal to buy Jde Peets Nv (AS:JDEP) for €15.7 billion ($18.4 billion). The overhaul will separate the coffee business from KDP’s other beverage operations, only a few years after the merger that combined them.
Verint Systems surged 22% following a Bloomberg report that buyout firm Thoma Bravo is nearing a deal to acquire the call center software provider.
Crypto-linked stocks traded lower as Bitcoin dropped 3% to $111,500. Shares of Strategy Incorporated (NASDAQ:MSTR) slid 4.0%, while Coinbase declined 2.7%.
Fabrinet rose 2.3% after JPMorgan upgraded the optical components manufacturer to Overweight from Neutral, raising its price target to $345.
Furniture stocks fell in premarket trade after President Donald Trump said a “major Tariff Investigation on Furniture coming into the United States” is underway. RH fell 6.5% while Williams-Sonoma dropped 5%.
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