A worker unveils a floor mat bearing the logo of Twitter and the symbol on which Twitter’s stock will traded (TWTR) on the floor of the New York Stock Exchange (NYSE) on November 7, 2013 in New York City.
Check out the companies making headlines before the bell:
Twitter (TWTR) – Twitter fell 1.5% in premarket trading, potentially breaking a three-day win streak that has seen it gain nearly 32%. Elon Musk – now Twitter's largest shareholder – changed the type of SEC filing regarding his share purchase to show it was not "passive."
Spirit Airlines (SAVE) – Spirit said its board will consider a new $3.6 billion cash takeover offer from JetBlue (JBLU). Spirit had agreed in February to be bought by Frontier Airlines parent Frontier Group (ULCC) for $2.9 billion in cash and stock. Spirit slid 2.8% in the premarket, with JetBlue dropping 3.7% and Frontier falling 3.9%.
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Tilray (TLRY) – Tilray rose 2.1% in the premarket after reporting an unexpected profit for its latest quarter, even as revenue fell below analyst estimates. The cannabis producer also announced a deal with supermarket chain Whole Foods, which will sell the hemp powders produced by Tilray's Manitoba Harvest subsidiary.
Rivian (RIVN) – Rivian shares gained 1.7% in the premarket after the company said it was on pace to achieve its previously stated production target of 25,000 electric vehicles this year.
Occidental Petroleum (OXY) – The energy producer's shares added 1.7% in premarket action after Stifel Financial began coverage with a "buy" rating. Stifel said Occidental remains attractively priced even after it nearly doubled so far this year, noting a largely underappreciated low carbon business.
Money Report
Intel (INTC) – Intel announced it suspended business operations in Russia, following last month's suspension of semiconductor shipments to customers in Russia and Belarus. Intel fell 1.1% in premarket trading.
Gogo (GOGO) – Gogo surged 10.4% in premarket trading after the aviation industry broadband provider announced its stock would join the S&P SmallCap 600 index prior to Friday's open.
Array Technologies (ARRY) – Array Technologies rallied 14.5% in the premarket after the renewal energy equipment maker reported better-than-expected quarterly revenue and issued an upbeat revenue outlook. It also named Kevin Hostetler as its new CEO, effective April 18, replacing the retiring Jim Fusaro.
Simply Good Foods (SMPL) – The maker of nutritional foods and snacks reported better-than-expected profit and revenue for its latest quarter and raised its sales forecast for the current year.
