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Midday Stock Movers: NeuroSense Therapeutics, Anaplan and Mullen Automotive Surge

Published 03/22/2022, 12:12 AM
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By Sam Boughedda

Investing.com -- U.S. stocks are once again mixed, Monday, with the S&P 500 edging slightly higher at +0.15% and the Nasdaq and Dow making moves lower. Here are the midday movers on Monday, March 21st.

Anaplan Inc (NYSE:PLAN) is trading 27% above Friday's close after software investment firm Thoma Bravo struck a deal to acquire the software company for $66 per share in an all-cash transaction valued at roughly $10.7 billion. 

Alleghany Corporation (NYSE:Y) is up 24% on the back of news Berkshire Hathaway (NYSE:BRKa) will buy the company in a deal worth approximately $11.6 billion or $848.02 per share in cash.

NeuroSense Therapeutics Ltd (NASDAQ:NRSN) skyrocketed over 290% on news it has received clearance from the U.S. Food and Drug Administration (FDA) to initiate a pharmacokinetic study of PrimeC, a drug designed to target key mechanisms of amyotrophic lateral sclerosis (ALS).

Mullen Automotive Inc (NASDAQ:MULN) is up another 35%, adding to its recent rally higher. The recent share price surge for the EV company has come on the back of positive press coverage. 

Nielsen Holdings PLC (NYSE:NLSN) is trading approximately 8% lower, retracing from an initial 18% fall after rejecting a $9 billion takeover offer from a consortium. Nielsen said the consortium's offer "significantly undervalues the company."

Imperial Petroleum Inc (NASDAQ:IMPP) has fallen 39% after pricing its public offering of 37.5 million units at $1.60 per unit. Each unit consists of one common share and one Class B warrant to purchase one common share. 

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