Premarket Movers | Tegna Soars 27%; Clover Health Surges 11%; XPeng and Rumble Jump 5%; Tesla Gains 1%; DXYZ Sinks 11%

Tiger Newspress
08/11

Television broadcaster Nexstar Media Group is in advanced talks to acquire rival Tegna, a person familiar with the matter told Reuters on Friday. Shares of Tegna surged 26.5% in premarket trading on Monday following the report.

Clover Health shares jumped 10.6% in premarket trading on Monday. Those following along with Clover Health will no doubt be intrigued by the recent purchase of shares by Vivek Garipalli, Co-Founder & Executive Chairman of the company, who spent a stonking US$999k on stock at an average price of US$2.23. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 32%.

Avantor shares jumped 5.7% in premarket trading on Monday. Activist investor Engine Capital has built a stake in Avantor and plans to push the life-sciences company to sell itself or make other changes, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

US-listed shares of XPeng surged 5.1% in premarket trading on Monday as the launch timeline for its first hybrid model sparked investor optimism about its sales prospects.

U.S. video platform and cloud services provider Rumble is considering an offer of about $1.17 billion (1 billion euros) for German AI cloud group Northern Data, according to statements from both companies. Rumble shares gained 4.8% in premarket trading.

MP Materials shares gained 2.8% in premarket trading on Monday. The Office of Strategic Capital (OSC) announces the recent execution of its first direct loan to strengthen the U.S. industrial base and protect critical minerals supply chains. As part of a wider July 2025 agreement between DoD and MP Materials, owner and operator of a U.S. rare earths mine, OSC provided a $150 million loan to add heavy rare earth separation capabilities to MP Materials' existing processing facility in Mountain Pass, California. 

Tesla shares gained 1.3% in premarket trading on Monday. A Tesla executive said the company is expanding the coverage of its Robotaxi service in Austin, Texas, and will launch Robotaxi operations in select Asian markets.

Destiny Tech100 has launched a $1 billion "at-the-market" (ATM) offering, a bold maneuver to fuel its mission of democratizing access to high-growth private technology companies. The shares sank 11% in premarket trading on Monday.

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