Market Insider

In this article

Check out the companies making headlines in premarket trading.

Bed Bath & Beyond — The beleaguered home goods retailer dropped another 14.1%, adding to several straight days of losses. The latest move comes after CFO Gustavo Arnal committed suicide Friday. Bed Bath & Beyond said in a statement Sunday that Arnal was “instrumental” in guiding the company through the pandemic.

Norwegian Cruise Line Holdings — Shares jumped 1.8% premarket after Stifel called the cruise line a “long-term buying opportunity.”

FedEx — The transportation stock dipped 1.5% after Citi downgraded it to neutral from buy and lowered its price target, citing pressures to earnings per share growth this year.

Transocean — Shares jumped 3.4% after BTIG upgraded the oil services stock to buy from neutral, saying the offshore drilling contractor should improve its balance sheet thanks to better day rates.

Dropbox — Shares advanced 1.7% after Bank of America initiated coverage of the file storing and sharing service with a buy rating, saying strong free cash flow generation should be attractive to shareholders.

CVS Health — CVS is acquiring in-home health-care company Signify Health in an $8 billion transaction, the two companies said. Shares of CVS rose 0.6% in premarket trading; Signify dipped 0.2%.

Volkswagen — Volkswagen is intending to list sports car brand Porsche in an initial public offering later this year, which could be one of the world’s largest listings this year.

Anheuser-Busch InBev — The Budweiser maker rose 2.4% after HSBC upgraded the Belgian beer maker to buy from hold, saying the stock could surge 30% from here.

Articles You May Like

Small Caps: Unexpected Outperformance Could Drive Gains in a Hurry
Want Unsurpassed Results in 2025? Follow Elon Musk’s Lead
Data centers powering artificial intelligence could use more electricity than entire cities
These economists say artificial intelligence can narrow U.S. deficits by improving health care
Video platform Rumble plans to buy up to $20 million in bitcoin in new treasury strategy