Premarket Movers Monday - Boeing, Kohl's, Discovery, Cooper Tire

Stocks moving in premarket trading Monday include Boeing, Kohl's and Discovery.
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Stock futures dropped Monday after the S&P 500 posted its first weekly loss in three and a selloff in bonds continued.

Here are some of the top movers during premarket trading on Monday.

1. Boeing BA | Down 2.9%

Shares of Boeing  (BA) - Get Report slipped after the planemaker's 777 jets were grounded by certain airlines, including United  (UAL) - Get Report. An engine failure on Saturday forced the one of the airline's jets to make an emergency landing in Denver.

Boeing supported the decisions by the Federal Aviation Administration and airlines to suspend operations of its older 777s.

2. Kohl's KSS | Up 10%

Shares of Kohl's  (KSS) - Get Report advanced Monday after reports said activist investors at the department-store chain, including Macellum Advisors and Ancora, were set to take over the board because they say Kohl’s isn’t moving fast enough to address stagnant sales and shrinking operating margin.

3. Discovery DISCA | Up 6.3%

Shares of Discover  (DISCA) - Get Report were rising after the cable-channel operator reported fourth-quarter earnings and revenue that exceeded analysts' expectations.

Chief Executive David Zaslav said Discovery+, the streaming service launched earlier this year, should top 12 million subscribers by the end of the month..

4. People's United Financial PBCT |  Up 11%

Shares of People's United Financial  (PBCT) - Get Report jumped after New York financial-services company M&T Bank agreed to buy the Bridgeport, Conn., bank in an all-stock deal valued at $7.6 billion. 

Under terms of the deal, People's United holders will receive 0.118 M&T share for each share they own.

5. Cooper Tire & Rubber CTB | Up 18%

Shares of Cooper Tire & Rubber  (CTB) - Get Report rose after Goodyear Tire & Rubber  (GT) - Get Report agreed to buy its rival for $2.8 billion in cash and stock. The deal is valued at $54.36 a share for Cooper Tire holders, 24% above Cooper’s Friday closing price.

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