Simon Property, Chegg Rise Premarket; Coty Falls By Investing.com

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Tuesday, February 9th. Please refresh for updates.

• Glu Mobile (NASDAQ:GLUU) stock soared 33% after Electronic Arts (NASDAQ:EA), up 1.4%, announced plans to acquire the mobile gaming company in a deal worth $2.4 billion. Glu is best known for its titles based around celebrities such as Kim Kardashian and Katy Perry.

• Simon Property (NYSE:SPG) stock rose 2.5% after the real estate company forecast a rise in its 2021 profit late Monday, benefitting from improving rent collection and a recovery in the retail industry.

• Boeing (NYSE:BA) stock fell 0.8% after the Wall Street Journal reported that a shareholder lawsuit claimed the aircraft manufacturer’s board failed to challenge then-Chief Executive Dennis Muilenburg on the safety of the 737 MAX airline.

• DoorDash (NYSE:DASH) stock rose 0.4% after the food-delivery company said it is buying robotics startup Chowbotics, moving into automating food production while ordering in is at an all-time high.

• Eli Lilly (NYSE:LLY) stock fell 0.4% after the pharmaceutical company’s CFO resigned after an independent investigation found inappropriate personal communication with certain Lilly employees.

• Coty (NYSE:COTY) stock fell 3% after the beauty company reported a drop in sales of 16% in the latest quarter due to the pandemic, even as cost savings boosted profits.

• Chegg (NYSE:CHGG) stock rose 6.4% after the education technology company raised its guidance for 2021, benefiting from a pandemic-induced boost in demand for education materials.

• Take-Two (NASDAQ:TTWO) Interactive stock fell 4.7% after the video game producer disappointed the market by failing the announce any new game releases.