Check out the businesses making headlines in premarket buying and selling.
Bed Bath & Beyond — The beleaguered residence items retailer dropped one other 14.1%, including to a number of straight days of losses. The newest transfer comes after CFO Gustavo Arnal dedicated suicide Friday. Bed Bath & Beyond mentioned in a press release Sunday that Arnal was “instrumental” in guiding the corporate via the pandemic.
Norwegian Cruise Line Holdings — Shares jumped 1.8% premarket after Stifel referred to as the cruise line a “long-term buying opportunity.”
FedEx — The transportation inventory dipped 1.5% after Citi downgraded it to impartial from purchase and lowered its worth goal, citing pressures to earnings per share development this yr.
Transocean — Shares jumped 3.4% after BTIG upgraded the oil companies inventory to purchase from impartial, saying the offshore drilling contractor ought to enhance its steadiness sheet thanks to raised day charges.
Dropbox — Shares superior 1.7% after Bank of America initiated protection of the file storing and sharing service with a purchase ranking, saying robust free money movement era needs to be enticing to shareholders.
CVS Health — CVS is buying in-home health-care firm Signify Health in an $8 billion transaction, the 2 corporations mentioned. Shares of CVS rose 0.6% in premarket buying and selling; Signify dipped 0.2%.
Volkswagen — Volkswagen is aspiring to listing sports activities automobile model Porsche in an preliminary public providing later this yr, which could possibly be one of many world’s largest listings this yr.
Anheuser-Busch InBev — The Budweiser maker rose 2.4% after HSBC upgraded the Belgian beer maker to purchase from maintain, saying the inventory may surge 30% from right here.
Source: www.cnbc.com”