US PREMARKET MOVERS: ORCL, OWL, BE, MGM, TRU, VKTX, KNF, DK, DBX
US equity futures declined premarket alongside sharp single-stock drops, including MGM on a withdrawn acquisition bid, VKTX on a discounted upsized offering, and ORCL over data center disruptions.
News detail
ES -0.5% NQ -1.0% RTY -0.3% ORCL -4.4%, OWL -4.7%, BE -5.4%: ORCL sent a force majeure notice over New Mexico data centre MGM -10.4%: Barry Diller withdrew People Inc.’s bid to acquire the remaining stake in MGM Resorts TRU -2.9%: CFO has made the personal decision to step down VKTX -13.3%: Increased common stock offering to $225m from $200M; priced at low end of deal range KNF +2.5%: Starboard urged Knife River to improve execution and profitability DK -6.7%: To sell $400M in convertible senior notes due 2031. DBX -4.2%: Downgraded at Citi to Sell from Neutral
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