Stocks making the biggest moves premarket (2)
$Spirit Airlines (SAVE.US)$ – Spirit Airlines once again delayed a special shareholder meeting to vote on its planned merger with Frontier Group (ULCC), this time until July 15. The postponement comes as Spirit continues talks with both Frontier and rival suitor JetBlue (JBLU). Spirit jumped 3.2% in the premarket.
$Occidental Petroleum (OXY.US)$ – Berkshire Hathaway (BRKb) bought another 12 million Occidental Petroleum shares, raising its stake in the energy producer to 18.7%. Occidental gained 2% in premarket action.
$WD-40 (WDFC.US)$ – The lubricant maker reported a quarterly profit and sales that fell short of analyst forecasts, impacted by inflationary pressures and a number of global disruptions. Shares slumped 10.6% in the premarket.
$Nu Skin Enterprises (NUS.US)$ – Shares of the health products company skid 4% in premarket trading after it gave lighter-than-expected guidance for the current quarter. Nu Skin cited several negative factors, including the Russia/Ukraine conflict, Covid-related factors in China and the general global economic downturn.
$Kura Sushi USA (KRUS.US)$ – The Japanese restaurant chain operator's stock surged 13% in the premarket after it reported an unexpected quarterly profit and raised its sales guidance for the full year.
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