See which businesses are grabbing the most attention in premarket trading.
The Delta Air Lines— On the strength of better-than-expected fourth-quarter earnings, the airline’s stock surged 6%.
Walgreens Boots Alliance — The pharmacy’s stock jumped 11% after the fiscal first quarter’s better-than-expected performance.
Constellation Energy— After announcing that it will buy Calpine in a cash and equity agreement, shares of the company surged 9%.
Edison International: As devastating wildfires raged in Los Angeles, the utility provider in Southern California saw a 2.7% decline.
Travellers, Chubb, and Allstate — As estimates of insured losses from the Los Angeles wildfires skyrocketed, property and casualty insurers saw a decline.
On Semiconductor— Following Truist’s downgrading to hold from buy, shares fell 2.7%. Truist stated that unless the estimates are reset lower, it is wary about the stock.
Following two downgrades by JPMorgan, the eVTOL stocks of Archer Aviation and Joby Aviation dropped more than 3% and 6%, respectively.
Sunrun – A UBS upgrade to buy from neutral caused the solar stock to rise 4%. As the home solar market stabilises, Sunrun is emerging as the obvious market leader.
Hiss & Hers Health — Following a Citi downgrade to sell from neutral, shares of the digital health care platform fell 3.2%.
Roku – Following Moffett Nathanson’s downgrade to sell from neutral, the streaming video platform’s shares dropped 3.6%.
Sweetgreen – The salad company saw a 3.5% increase as Citi upgraded to acquire Neutral. The California-based business’s robotic kitchen can increase revenue.
Wayfair — The company said that it was leaving the German market and laying off about 3% of its global workers, which caused shares to jump 5%.
Holdings Capri — After two Wall Street upgrades, the parent company of Michael Kors and Jimmy Choo had a 4.9% increase.
Source (CNBC)
