Why Chuy's Holdings Shares Are Trading Higher By 47%; Here Are 20 Stocks Moving Premarket

Shares of Chuy’s Holdings, Inc. (NASDAQ:CHUY) rose sharply in today's pre-market trading after the company and Darden Restaurants, Inc. (NYSE:DRI) jointly announced that Darden will acquire Chuy's Holdings.

Chuy's Holdings and Darden entered into a definitive agreement in which Darden will acquire all of Chuy's outstanding stock for $37.50 per share in cash. The all-cash transaction has an enterprise value of approximately $605 million.

Chuy’s Holdings shares jumped 47.4% to $37.27 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• Onconetix, Inc. (NASDAQ:ONCO) gained 65% to $0.2458 in pre-market trading. On July 15, Onconetix announced closing of warrant exercise for $1.11 million gross proceeds.
• Apollomics, Inc. (NASDAQ:APLM) shares rose 30.4% to $0.2971 in pre-market trading after gaining around 13% on Wednesday. Apollomics late Tuesday announced it had received approval from Nasdaq for a 180-day extension to address non-compliance with its listing requirements due to its share price falling below $1.00 for an extended period.
• Virios Therapeutics, Inc. (NASDAQ:VIRI) rose 19.6% to $0.3480 in pre-market trading after jumping more than 18% on Wednesday.
• Big Tree Cloud Holdings Limited (NASDAQ:DSY) gained 16.3% to $1.64 in pre-market trading.
• SAI.TECH Global Corporation (NASDAQ:SAI) shares gained 15.5% to $1.14 in pre-market trading after the company’s Board authorized a buyback of up to $1 million and up to 1 million shares.
• Ostin Technology Group Co Ltd (NASDAQ:OST) shares climbed 11.8% to $0.37 in pre-market trading.
• MultiMetaVerse Holdings Limited (NASDAQ:MMV) shares surged 11.2% to $0.7229 in pre-market trading after jumping 16% on Wednesday. MultiMetaVerse recently entered into an agreement with Zhenghe Holding Co. to establish a joint venture to invest in and trade alternative assets with the assistance of quantitative algorithms.
• QT Imaging Holdings, Inc. (NASDAQ:QTI) shares gained 10.7% to $0.7546 in pre-market trading.
• Lilium N.V. (NASDAQ:LILM) gained 9.2% to $1.06 in pre-market trading. Saudia Group and Lilium N signed a binding sales agreement for 50 Lilium Jets, with options for the purchase of 50 more.