Check out the companies that made headlines hours ago:
Twitter (TWTR) – Twitter fell 1.5% in pre-market trading, potentially breaking the three-day winning streak that saw it rise nearly 32%. Elon Musk – now Twitter’s largest shareholder – has changed the nature of the SEC filing to buy his shares, showing that it is not “passive”.
Spirit Airlines (Reservation) – Spirit says its board will consider a new $ 3.6 billion cash takeover offer from JetBlue (JBLU). Spirit Frontier Airlines agreed in February to buy এবং 2.9 billion in cash and stock from Parent Frontier Group (ULCC). Spirit slipped 2.8% in the premarket, JetBlue 3.7% and Frontier 3.9%.
Tilray (TLRY) – The pre-market rose 2.1% after Tilray reported an unexpected gain in the last quarter, even after falling below revenue analyst estimates. Cannabis grower supermarket chain Hole Foods has also announced an agreement to sell hemp powder produced by Tiller’s Manitoba Harvest subsidiary.
Rivian (RIVN) – Rivian shares rose 1.7% in the premarket this year as the company accelerated to achieve the previously set production target of 25,000 electric vehicles.
Occidental Petroleum (OXY) – Stiffel Financial added 1.7% of energy producer shares to its pre-market action after starting coverage with a “buy” rating. Steiffel said Occidental prices have remained attractive even after nearly doubling so far this year, noting the devaluation of a largely low-carbon business.
Intel (INTC) – Intel has announced that it has suspended business operations in Russia, following the suspension of semiconductor shipments to customers in Russia and Belarus last month. Intel fell 1.1% in pre-market trading.
Gogo (GOGO) – Gogo rose 10.4% in pre-market trading after the aviation industry broadband provider announced its stock would join the S&P SmallCap 600 index before opening on Friday.
ARRY TECHNOLOGIES (ARRY) – Renewable energy equipment maker reported a 14.5% increase in the pre-market after reporting better-than-expected quarterly revenue and issuing a bullish revenue outlook. It replaces retired Jim Fussaro with Kevin Hosteller as its new CEO, effective April 18.
Simply Good Foods (SMPL) – The maker of nutritious food and snacks has reported expected-for-profit and revenue for its most recent quarter and boosted its sales forecast for the current year.