Premarket Movers | Webtoon Entertainment Soars 50%; Figure Gains 5%; ASML Jumps Another 2%
Webtoon Entertainment stock soared about 50% in premarket trading. Disney plans to take a stake in Webtoon as the companies prepare to create a new digital platform that will house all of the entertainment giant's various comic brands, including Marvel and Star Wars. Shares of Webtoon soared 60% to $24 in overnight trading.
In conjunction with the collaboration, Disney has signed a non-binding term sheet to acquire a 2% equity interest in Webtoon, though the companies have yet to reach a definitive agreement.
Shares of ASML jumped over 2% on Monday. Dutch chip-gear maker ASML's $1.5 billion investment in French artificial intelligence firm Mistral has given a shot in the arm to Europe's AI ambitions and hopes for more regional tech sovereignty against the dominance of U.S. and Asian rivals.
Figure Technology Solutions rose over 5% in premarket trading after soaring 15% on the previous trading day.
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