4 hours ago 1

Morning Movers: Sage Therapeutics surges after deal to be acquired by Supernus

TipRanks

Tue, Jun 17, 2025, 9:16 AM 3 min read

Stock market futures are up slightly. Enthusiasm has been tempered by geopolitical risks and uncertainty ahead of Wednesday’s Federal Reserve decision. The Fed is widely expected to hold rates steady, but investors are laser-focused on Chair Powell’s language regarding potential rate cuts later this year. Currently, markets are pricing in a roughly 56% chance of a quarter-point cut by September.

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In the background, rising tensions between Israel and Iran continue to cast a long shadow. Oil prices, although cooling slightly from last week’s surge, remain elevated. Analysts at RBC have warned that a prolonged crisis in the Middle East could trigger a significant market correction due to a combination of higher energy costs, weaker earnings expectations, and shaken investor sentiment.

In pre-market trading, S&P 500 futures rose 0.67%, Nasdaq futures rose 0.80% and Dow futures rose 0.64%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

Also, The Fly has brought its right-to-the-point stock market reporting to YouTube! Subscribe if you want to know how the markets will open and what stocks traders will be focused on.

HIGHER –

EchoStar (SATS) up 42% after Bloomberg reported President Donald Trump has intervened to urge EchoStar and Federal Communications Commission Chairman Brendan Carr to resolve a dispute over the company’s valuable spectrum licenses
Sage Therapeutics (SAGE) up 35% after entering a definitive agreement for Supernus (SUPN) to acquire the company through a tender offer for $8.50 per share in cash, payable at closing, plus one non-tradable contingent value right collectively worth up to $3.50 per share in cash, for total consideration of $12.00 per share in cash
Prothena (PRTA) up 10% after announcing partner Roche (RHHBY) will advance prasinezumab into Phase III development in early-stage Parkinson’s disease
Roku (ROKU) up 9% after Amazon Ads (AMZN) and the company announced a new integration that gives advertisers access to the largest authenticated CTV footprint in the U.S.
Victoria’s Secret (VSCO) up 7% after Bloomberg reported the company is being targeted by Barington Capital, who plans to urge the company to make changes to its board and strategy
U.S. Steel (X) up 5% after the company and Nippon Steel (NPSCY) announced that President Trump has approved the companies’ partnership
Hinge Health (HNGE) up 4% after Piper Sandler initiated coverage of Hinge with an Overweight rating among other firms starting coverage with bullish ratings
MNTN (MNTN) up 4% after Loop Capital initiated coverage of MNTN with a Buy rating and other firms also started with bullish ratings