© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Wednesday, April 6th. Please refresh for updates.
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JetBlue Airways (NASDAQ:) stock fell 3.5% after the made an unsolicited $3.6 billion bid for fellow low-cost airline Spirit Airlines (NYSE:), down 3%, potentially disrupting merger plans between Spirit and Frontier Group (NASDAQ:), down 3.8%.
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Twitter (NYSE:) stock fell 2.6%, handing back some of the sharp recent gains on the announcement that billionaire Elon Musk has become the largest shareholder, gaining a seat at the board of the social media giant.
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Tesla (NASDAQ:) stock fell 2.4% with the lockdown at China’s financial hub of Shanghai, following a COVID outbreak, meaning the electric car manufacturer’s factory shutdown will have stretched out to at least 12 days.
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Uber (NYSE:) stock fell 2.4% after the ride-hailing firm announced it was adding trains, buses, planes, and car rentals to its U.K. app this year.
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Occidental Petroleum (NYSE:) stock rose 1.5% after Stifel initiated coverage of the oil company with a ‘buy’ rating, saying the shares could rise a further 45% from current levels.
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Tilray (NASDAQ:) stock rose 7.5% after the cannabis producer recorded an unexpected profit for the latest quarter, while also announcing a deal with supermarket chain Whole Foods.
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Intel (NASDAQ:) stock fell 1.4% after the chipmaker announced it has suspended business operations in Russia, joining the long list of tech companies to exit the country, following its invasion of Ukraine.
- Rivian (NASDAQ:) stock rose 2.3% after the electric vehicle maker said it was on pace to achieve its production target of 25,000 units this year.
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