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Edelman Financial Group and Endocyte Among Most Active Stocks in Pre-Market Today


Powershares QQQ was also up this morning.

The three most active stocks and funds in pre-market trading on the Nasdaq were Edelman Financial Group (EF), Endocyte (ECYT), and Powershares QQQ (QQQ) as of 9:25 a.m. Investors traded 3,707,974 shares of Edelman Financial this morning, and the stock was up $2.52, or 40.78%, on the news that it entered a definitive merger agreement with affiliates of Lee Equity Partners, LLC, a private equity firm, for $8.85 per share in cash. Investors traded 888,816 shares of Endocyte, which was up $4.10, or 107.89% and 632,701 shares of Powershares QQQ which was up $0.33, or 0.55%. Endocyte's stock skyrocketed on the news that Merck (MRK) will pay up to $1 billion Endocyte for its cancer drug Vintafolide.
No positions in stocks mentioned.
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