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American Airlines Group Inc, Allergen plc, Centene Corp and Walt Disney Co - PRE-MARKET

We take a look at what's moving the dial in pre-market deals in New York
American Airlines Group Inc, Allergen plc,  Centene Corp and Walt Disney Co  - PRE-MARKET
American Airlines has lowered outlook

As Apple (NASDAQ:AAPL) iPhone mania eases, and US futures are pointing to a lower start, several stocks are on the move in pre-market deals.

American Airlines Group Inc (NASDAQ:AAL) is one  of them and shares flew lower after hours and may well continue the descent today as it lowered its current-quarter outlook for revenue per available seat mile.

This was largely to hurricane-related cancellations as well as higher fuel costs.

Shares lost 0.09% to $46.25 after the bell.

Elsewhere, Allergen plc (NYSE:AGN) shares added 0.34% to $232  as it was accused by  peer Mylan of taking advantage of Native American sovereignty to avoid patent challenges for its eye treatment Restasis.

Allergan recently struck a deal to transfer the rights to Restasis to a Native American which Allergen believes would shield the patent from possible review.

Elsewhere, Centene Corp (NYSE:CNC) saw shares add 5.58% after hours to $95.95 as it emerged that the firm will buy not-for-profit health insurer Fidelis Car for $3.75bn.

This deal means the group expands its involvement in government sponsored health-care coverage.

Last but not least, Walt Disney Co (NYSE:DIS) the movie giant will disappoint millions of Star Wars fans today, saying the release of the next instalment will be delayed by seven months.

Shares gained 0.21% to stand at $98.10 after hours.

 

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Article
April 24 2015

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