10 Stocks Moving In Monday's Pre-Market Session

Gainers

The Valspar Corp VAL shares rose 27.45 percent to $106.80 in pre-market trading after Sherwin-Williams Co SHW agreed to acquire Valspar for $113 per share.

Rockwell Medical Inc RMTI shares gained 4.61 percent to $6.35 in pre-market trading after the company reported that the China FDA has accepted its Triferic drug submission for commercialization in China.

MannKind Corporation MNKD shares rose 4 percent to $2.08 in pre-market trading after surging 10.50 percent on Friday.

Starwood Hotels & Resorts Worldwide Inc HOT shares gained 3.62 percent to $83.50 in pre-market trading. Marriott International Inc MAR and Starwood announced an amended merger agreement. Marriott lifted its bid to acquire Starwood.

Shire PLC (ADR) SHPG rose 2.54 percent to $165.06 in pre-market trading after gaining 4.58 percent on Friday.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

Losers

Affymetrix, Inc. AFFX shares fell 7.19 percent to $14.84 in pre-market trading. Affymetrix executives, announced Friday, that it submitted a proposal to acquire Affymetrix, Inc. for $16.10 per share in cash. The transaction is valued at approximately $1.5 billion. However, Affymetrix announced Sunday, that it was rejecting the Origin offer in the belief that this newly formed entity would be unable to close the deal.

Valeant Pharmaceuticals Intl Inc VRX shares fell 4.48 percent to $25.77 in pre-market trading. Barclays downgraded Valeant Pharmaceuticals from Overweight to Equal-weight and lowered the price target from $135.00 to $34.00. Mizuho Securities downgraded Valeant from Neutral to Underperform.

United States Steel Corporation X shares fell 3.30 percent to $15.24 in pre-market trading. Jefferies downgraded United States Steel from Hold to Underperform.

Transocean LTD RIG shares fell 2.41 percent to $10.52 in pre-market trading after declining 7.69 percent on Friday.

Intel Corporation INTC shares fell 1.35 percent to $32.24 in pre-market trading. Bernstein downgraded Intel from Market Perform to Underperform.