Check out the companies making headlines before the bell:
Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday’s closing prices, while the most recent JetBlue (JBLU) all-cash offer is worth $3.7 billion. Spirit believes it is unlikely regulators would approve a combination with JetBlue, a notion that JetBlue has disputed. Frontier lost 1.7% while JetBlue was unchanged.
BioNTech (BNTX) – BioNTech added 2.1% in premarket trading after the drug maker and partner Pfizer (PFE) said their omicron-based Covid-19 booster shots generated an improved immune response against the variant.
Robinhood Markets (HOOD) – Robinhood rose 2.5% in premarket action after Goldman Sachs upgraded the trading platform operator’s stock to “neutral” from “sell” although it cut the price target to $9.50 per share from $11.50. The rise comes despite the release of a Congressional report detailing the trading platform’s difficulties in handling the meme stock frenzy of January 2021.
Digital World Acquisition (DWAC) – In an SEC filing, the SPAC linked to former President Donald Trump’s media company said additional subpoenas were issued in an ongoing probe of its registration statement regarding the proposed business combination. Digital World said the investigation could materially impede, delay or even prevent the combination from being consummated. The stock slid 5.8% in the premarket.
Coinbase (COIN) – The cryptocurrency exchange operator saw its stock slide 5.3% in the premarket after Goldman downgraded it to “sell” from “neutral,” pointing to the continued fall in crypto prices and slower industry activity levels.
Altria (MO) – Altria rose 1% in the premarket after Juul won a temporary stay of the FDA ban on its e-cigarette products. Altria holds a 35% stake in Juul.
Newmark Group (NMRK) – The commercial real estate firm’s shares rose 1.6% in the premarket after the New York Post reported on increasing talk of a possible merger between Newmark and rival Cushman & Wakefield.
Walgreens (WBA) – India-based conglomerate Reliance Industries is reportedly in talks with global lenders to raise $8 billion to finance the purchase of Walgreens’ Boots drugstore chain. Walgreens added 1% in premarket trading.
Chewy (CHWY) – Chewy jumped 4.1% in premarket action after Needham upgraded it to “buy” from “hold,” saying that price increases for the pet products retailer are sticking and that supply chain issues are improving.
AutoZone (AZO) – The auto parts retailer was upgraded to “buy” from “neutral” at Goldman Sachs, which called it a good defensive play as the vast majority of auto parts sales are non-discretionary and demand remains relatively inelastic. The stock gained 1.9% in the premarket.
News: Vietnam offers free foreign language courses to tour guides
Ohio medical student dies during 102-mile bike ride for cancer research
Report of shots fired at Bronx mall unfounded, police say
Muslims in Turkey mark the anniversary of the Karbala tragedy
Priyanka Chopra Shares Adorable Family Photo With Nick Jonas and Daughter Malti
PINAY OFW 2021 VIRAL VIDEO SCANDAL | GRABE NAMAN TO!!
DHS pays over $455K to build ‘security fencing’ around Biden’s beach home
7-Foot-Tall Harambe Statue Stares Down Wall Street’s Charging Bull, Which Is Now Covered in Bananas
Julia Gwyneth Ostan Issue | Julia Ostan Viral Scandal Full Video | Julia Ostan Kmjs
Stocks making the biggest moves midday: Facebook, Robinhood, FedEx and more
Two Viral Videos Show Tamil Nadu Government Govt School Students Cleaning Restrooms In Uniform
Zahir Jaffer and Noor Mukaddam Latest | Iqra Latest | Viral Videos
Viral videos of University with Sajal Ali
Florida Challenging Federal Travel Mask Mandate
Viral videos – Royal Navy carrier HMS Queen Elizabeth completes visit to Liverpool
Sport14 hours ago
KSI vs Swarmz: Date, UK start time, live stream, TV channel, PPV price
Sport21 hours ago
WWE star Charlotte Flair looks incredible as legend prepares for her return
News13 hours ago
‘To me, Liz Cheney is Obi-Wan Kenobi,’ says WaPo columnist on PBS News Hour
Sport13 hours ago
Kyle Busch, Austin Cindric involved in big Michigan crash: ‘Can’t buy a break right now’
News19 hours ago
Oregon rescuers recover body of Mt. Hood climber who died after falling 200 feet in March
Lifestyle11 hours ago
Britney Spears and Sam Asghari hit back at Kevin Federline
Travel11 hours ago
News: Ascott opens over 56% more units in 1H 2022
Sport9 hours ago
Man Utd trolled by Brighton fans after Gross fires them ahead at Old Trafford