Coterra Energy stock drifts in premarket as Devon merger talks keep traders on edge
Coterra Energy shares slipped 0.1% to $25.71 in premarket trading Friday after reports of early-stage merger talks with Devon Energy. Options trading volume spiked ahead of Friday’s expiration, increasing short-term volatility. Neither company commented on the potential deal. Devon shares dropped 4.2% Thursday, while Coterra gained 1.5%.