Stock Groups

American Airlines, AutoZone, GlaxoSmithKline and others


Take a look at the top companies that made headlines long before the bell rang.

American Airlines (AAL) – Chief Executive Officer Doug Parker announced he would step down from that job on March 31 and remain as chairman. Robert Isom will succeed him as American Airlines’ CEO. American increased 3% in premarket.

AutoZone (AZO) – The auto parts retailer reported a quarterly profit of $25.69 per share, beating the consensus estimate of $20.87. Comparable store sales rose 13.6%, beating estimates. Revenue beat all expectations. StreetAccount analysts had forecasted a 5% increase in comp-store sales.

Designer Brands (DBI) – The footwear retailer beat estimates by 30 cents with adjusted quarterly earnings of 86 cents per share, but revenue fell short of Wall Street forecasts. Although comparable store sales increased by 40%, it was lower than what the analysts expected (44.5%). Premarket trading saw shares rise by 3.7%

GlaxoSmithKline (GSK) – Glaxo said early-stage studies showed its antibody therapy for Covid-19 – developed in partnership with U.S.-based Vir Biotechnology (VIR) – is effective against the omicron variant. Premarket trading saw Vir rise 7.4%, and Glaxo increase 0.6%

Tesla (TSLA) – Tesla is replacing faulty cameras on some of its models, according to internal documents seen by CNBC. CNBC has seen internal documents that reveal how the cameras may cause driver’s to notice a blurred or unfocused video display on the car’s main screen. UBS released separate reports that stated no competitor would be close to Tesla by 2022. It maintained its “neutral” rating on the stock. Premarket activity saw Tesla gain 3.5%.

Constellation Brands (STZ) – The brewer of Corona beer agreed to build a new brewery in southeastern Mexico, according to a Wall Street Journal report. The agreement – set to be announced as early as this week – comes two years after the government forced Constellation to close a nearly completed plant near the U.S.-Mexican border.

Coupa Software (COUP) – The business software company earned an adjusted 31 cents per share for its latest quarter, well above the 2-cent consensus estimate, with revenue also topping forecasts. Its loss was larger than a year ago due to an increase of operating expenses and shares fell 11% during premarket trading.

Mimecast (MIME) – The cybersecurity company agreed to be acquired by private equity firm Permira for $80 per share in cash, or about $5.8 billion. The premarket saw Mimecast rise by 6%

MongoDB (MDB) – MongoDB surged 20.3% in premarket action after the database platform company reported a smaller-than-expected quarterly loss and beat Street revenue forecasts. MongoDB raised its financial outlook in the wake of increased online connectivity demand by businesses.

Intel (INTC) – The chip maker’s shares surged 8.8% in premarket trading after it said it would take its Mobileye self-driving car unit public, planning a mid-2022 initial public offering. The Wall Street Journal reported earlier that Mobileye could be valued at over $50 billion through an initial public offering.

Acadia Pharmaceuticals (ACAD) – Acadia soared 15.5% in the premarket after announcing positive results in a late-stage trial of its experimental treatment for Rett Syndrome, a genetic disorder that primarily affects brain development in girls.

Jack In The Box (JACK) – Jack In The Box was upgraded to “buy” from “hold” at Deutsche Bank, which said the restaurant operator’s acquisition of Mexican food chain Del TacoIt makes sense to buy (TACO). Jack In The Box shares fell more than 4 percent Monday following the announcement. Jack In The Box saw a 1.6% gain in premarket trades.

Bumble (BMBL) – The dating service operator’s shares rallied 7.1% in the premarket after J.P. Morgan Securities upgraded the stock to “overweight” from “neutral” following a meeting with management. According to the firm, it is now confident about the Bumble app’s growth prospects and user engagement potential.