Lordstown Motors, Canopy Growth, Shake Shack et plus –

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Lordstown Motors, Canopy Growth, Shake Shack et plus – fr


Take a look at some of the biggest players in the pre-market:
Lordstown Motors (RIDE) – Lordstown fell 13.7% in pre-market trading after the electric vehicle startup said it needed to raise capital to finance its operations and its production this year would represent, at best, 50% of previous projections.

Canopy Growth (CGC) – Shares of the cannabis producer rose 2.4% in the pre-market after MKM Partners upgraded the stock to “buy” to “neutral”. MKM said the sentiment surrounding the stock is so low that the current risk / reward profile is very favorable.

Shake Shack (SHAK) – The restaurant chain’s shares rose 5.2% in pre-market trading after Goldman Sachs upgraded them to “buy” from “neutral.” Goldman believes that a recent pullback presents a buying opportunity, given Shake Shack’s strong balance sheet and favorable long-term growth prospects. In addition, Wedbush improved the title to “outperform” from “neutral,” citing similar reasons.

AutoZone (AZO) – The auto parts retailer reported quarterly profit of $ 26.48 per share, beating the consensus estimate of $ 20.14 per share. Income also came in the above estimates. Comparable store sales jumped 28.9%, well above the FactSet consensus estimate of 17.1%. AutoZone’s gross margins declined, however, in part due to an acceleration in the company’s business operations. AutoZone added 1.1% in pre-market trading.

Amazon (AMZN) – Amazon could announce an agreement to buy MGM Studios as early as this week, according to a person familiar with the matter who spoke to CNBC. The projected price of up to $ 9 billion would make this Amazon’s largest acquisition since it bought Whole Foods in 2017 for $ 13.7 billion.

AstraZeneca (AZN) – AstraZeneca’s $ 39 billion takeover of US drug maker Alexion Pharmaceuticals (ALXN) is under investigation by UK competition regulators, who want to determine whether the deal will reduce competition in the UK and elsewhere.

United Airlines (UAL) – United said in a Securities and Exchange Commission filing that note returns accelerated in the second quarter ahead of its previous projections. It now sees the key metric of revenue per available seat-mile drop by about 12% this quarter from its earlier estimate of a 20% decline.

Live Nation Entertainment (LYV) – Live Nation president Joe Berchtold told CNBC “Closing Bell” that concert hall bookings are rebounding and that he expects a better year in 2022 than in 2019. The shares added 1% to the pre-market shares.

IAC / Interactive (IAC) – Shares of IAC jumped 5.3% in pre-market trading ahead of today’s Vimeo split to IAC shareholders. Vimeo will begin trading on the Nasdaq today, with the producer of video tools valued at around $ 10 billion.

Petco (WOOF) – The pet retailer announced a secondary stock offering of 22 million shares, with the selling shareholder granting the underwriters the option to purchase an additional 3.3 million shares within 30 days. Petco will not receive any proceeds from the Offering. The title fell 1.1% in pre-marketing.

Alaska Air (ALK) – Alaska Air has improved its cash flow outlook for the current quarter, saying it now expects positive cash flow of $ 550 million to $ 650 million, up from an earlier projection of $ 450 to $ 550 million. The airline cites improved travel demand as well as better-than-expected affinity card entries. Alaska Air shares fell 2.8% in pre-market operations.

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