Market News

The Acquisition: A Bold Move for M.D.C. Holdings

Shares of M.D.C. Holdings, Inc. MDC skyrocketed in today’s pre-market trading.

Sekisui House, Ltd. and M.D.C. Holdings announced an agreement pursuant to which a wholly-owned subsidiary of Sekisui House will acquire MDC in an all-cash deal with an equity value of $4.9 billion.

M.D.C. shares surged 17.4% to $62.30 in pre-market trading.

Witness a mosaic of movement in the pre-market, reflecting how fickle the stock market can be. We’re voicing the clarion call for M.D.C. Holdings; the impending acquisition by Sekisui House, Ltd. has sent shockwaves through the market and propelled the MDC stock to breathtaking heights. The glittering allure of a $4.9 billion all-cash deal has cast an enchanting spell on investors, forging a surging 17.4% spike in the pre-market.

Gainers

  • Lytus Technologies Holdings PTV. Ltd. LYT ascended 137.3% to $0.2246 in pre-market trading after descending 5% on Wednesday.
  • Marpai, Inc. MRAI leaped 29% to $1.09 in pre-market trading after declining over 8% on Wednesday. Marpai recently crowned John Powers as President.
  • Celularity Inc. CELU soared 25.8% to $0.2370 in pre-market trading after retreating more than 5% on Wednesday.
  • Phunware, Inc. PHUN clinched a 23% gain, reaching $0.20 in pre-market trading. Phunware shares plunged 61% on Wednesday after the company unveiled the pricing of a $7 million registered direct offering price at-the-market under Nasdaq rules.
  • Castellum, Inc. CTM advanced 22.2% to $0.3690 in pre-market trading after amassing 4% on Wednesday.
  • Roma Green Finance Limited ROMA surged 20.1% to $1.37 in pre-market trading after plummeting over 70% on Wednesday.
  • Cadrenal Therapeutics, Inc. CVKD surged 15.8% to $0.9850 in pre-market trading after ascending over 7% on Wednesday.
  • New Horizon Aircraft Ltd. HOVR gained 12.2% to $2.66 in pre-market trading after dipping 29% on Wednesday.
  • Deep Medicine Acquisition Corp. DMAQ surged 10.6% to $8.05 in pre-market trading after declining 9% on Wednesday.
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Losers

  • Aravive, Inc. ARAV shares plummeted 52.9% to $0.0520 in pre-market trading. Aravive intends to voluntarily terminate the listing of its common stock on the Nasdaq Global Select Market.
  • Nuvve Holding Corp. NVVE shares tumbled 27% to $0.0740 in pre-market trading. Nuvve Holding will effect a 1-for-40 reverse stock split, to be effective Jan. 19, 2024.
  • Airspan Networks Holdings Inc. MIMO shares declined 19.1% to $0.1780 in pre-market trading. Airspan shares catapulted 186% on Wednesday after the company unveiled a partnership with GCT Semiconductor to develop an RF module.
  • Newcourt Acquisition Corp NCAC shares fell 19% to $9.40 in pre-market trading after escalating around 12% on Wednesday.
  • Warrantee Inc. WRNT slumped 18% to $0.2927 in pre-market trading after soaring 7% on Wednesday.
  • Plug Power Inc. PLUG shares dipped 16.3% to $2.29 in pre-market trading. In a prospectus filed with the SEC, the company disclosed an at-market issuance sales agreement with B. Riley Securities regarding the sale of up to $1 billion in stock. The sale will be made from time to time, with B. Riley acting as a sales agent.
  • Chemomab Therapeutics Ltd. CMMB shares fell 15.6% to $0.4555 in pre-market trading.
  • Meta Materials Inc. MMAT shares declined 14% to $0.0656 in pre-market trading after rising 5% on Wednesday.
  • Discover Financial Services DFS fell 10.4% to $97.45 in pre-market trading after the company reported a 62% plunge in its profit for the fourth quarter on Wednesday.
  • Nukkleus Inc. NUKK declined 6.4% to $1.32 after descending 6% on Wednesday. Nukkleus announced its intention to expand its investment in Jacobi Asset Management, known for sponsoring Europe’s first approved Bitcoin spot ETF.