Lionsgate shares surge after swinging to a second-quarter profit and disclosing it is considering spinning off the Starz channel.

Movie-rental company Redbox will go public through the Seaport Global Acquisition SPAC. The enterprise value of the deal is some $693 million.

Netflix shares rose after the streaming major unveiled a multiyear to stream movies from Sony Pictures Entertainment.

Stocks moving in premarket trading Monday include GameStop, Tesla, Splunk and Lions Gate.

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week.