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Pharma & Biotech

Hershey, Vipshop Holdings, Amplify Snack Brands, Humana and more - Before the Bell

Proactive takes a look at what's piquing investor interest before the New York bell

US stocks closed on Friday at new highs and are expected to continue north today.

Companies, which are likely to be in play include huge chocolate maker Hershey Co (NYSE:HSY) as it revealed it was to buy SkinnyPop popcorn maker Amplify Snack Brands (NYSE:BETR) in a deal valued at US$1.6 billion, including debt, to bolster its healthy snack unit.

Hershey Co shares closed out Friday up 0.69% at US$114.14, while Amplify shares shed 2.37% to US$7 each.

Meanwhile, Humana Inc ( NYSE:HUM) is likely to be in focus. Shares closed on Friday up 1.21% to US$253.64 as it emerged that the company and private equity firms are in advanced talks to acquire Kindred Healthcare Inc (NYSE;KND).

Last bet definitely not least, shares in Kindred surged over 12% to US$9.65 each in pre-market deals.

Meanwhile, the Chinese e-commerce firm Vipshop Holdings Ltd (NYSE:VIPS) surged over 44% to US$12.19 as it announced a whopping US$863 million investment by JD.com and Tencent.