Spirit Airlines, Didi Global and more
Here are some top movers of the premarket.
Spirit Airlines (SAVE) – Spirit jumped 6.1% in the premarket after JetBlueSpirit (JBLU – JetBlue has increased its bid. JetBlue will pay $350 million as breakup fees and part of this amount to Spirit if the deal goes through. The deal’s value would rise to $31.50 per share. JetBlue shares did not change.
Didi Global (DIDI) – Didi shares skyrocketed in the premarket after The Wall Street Journal reported that China regulators have concluded a year-long probe and it is set to lift an order banning the company from adding new users.
Keurig Dr Pepper (KDP) – The beverage maker’s stock will be added to the S&P 500 index prior to the opening of trading on June 21, along with ON Semiconductor(ON), and trust for real estate investments VICI Properties (VICI). Premarket action saw Keurig rise 7.9%, while ON Semiconductor surged 7.2% and VICI jumped 8.4%.
Eli Lilly (LLY) – The drugmaker’s stock rose 1.2% in premarket trading, after announcing successful results in studies involving diabetes drugs Trulicity and Jardiance.
Under Armour (UAA) – Under Armour stock is among those being replaced in the S&P 500 on June 21. Under Armour will move to the S&P MidCap 400, along with laser maker IPG Photonics (IPGP). Under Armour fell 1.2% on the premarket
Revlon (REV) – Revlon is in talks with lenders on pushing back debt payment deadlines as the cosmetics maker tries to avoid a bankruptcy filing, according to people familiar with the matter who spoke to The Wall Street Journal. Talks are underway to extend the maturity date for debts amounting to $1.7 billion that due in 2024. Revlon gained 1.6% through premarket trading.
Starbucks (SBUX) – Starbucks is considering only external candidates to be its next CEO, according to interim Chief Executive Officer Howard Schultz. The Wall Street Journal reported that Schultz stated that Starbucks needs new leadership talent. Starbucks rose 1.8% in the premarket
Apple (AAPL) – Apple shares are on watch as the company’s annual Worldwide Developers Conference begins. Apple shares have lost 16.9% this year due to concerns over a slowdown of demand. Apple’s premarket trading gains were 1.4%
Solar companies – Shares of solar equipment providers rose in premarket trading, following a Reuters report saying the White House would declare a 24-month exemption from solar panel tariffs as well as other moves to spur U.S. solar panel production. SolarEdge Technologies(SEDG) – 4.3% Sunrun (RUN) jumped 11.1%, First Solar(FSLR), 2.3% increase JinkoSolarJKS rose 5.9% SunPower(SPWR), rallied 7.2%.