Check out the companies making headlines before the bell:
Twitter (TWTR) – Twitter is down 1.5% in premarket trading, potentially breaking a three-day winning streak that has seen it rise nearly 32%. Elon Musk — now Twitter’s largest shareholder — changed the nature of the SEC filing regarding his stock purchase to show he wasn’t “passive.”
Spirit Airlines (SAVE) – Spirit said its board will consider a new $3.6 billion cash tender 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 slipped 2.8% in the premarket, JetBlue 3.7% and Frontier 3.9%.
Tilray (TLRY) – Tilray is up 2.1% premarket after it reported better-than-expected earnings for its most recent quarter, despite revenue falling below analyst estimates. The cannabis producer also announced a deal with supermarket chain Whole Foods, which will sell hemp powder made by Tilray’s subsidiary Manitoba Harvest.
Rivian (RIVN) – Rivian shares gained 1.7% in premarket trading after the company said it was on track to meet its previously stated production target of 25,000 electric vehicles this year.
Occidental Petroleum (OXY) – Shares of the energy producer rose 1.7% premarket after Stifel Financial began reporting with a “buy” rating. Stifel said Occidental remains attractively priced even after nearly doubling so far this year, noting a largely underappreciated low-carbon business.
Intel (INTC) – Intel announced that it has suspended operations in Russia after halting semiconductor shipments to customers in Russia and Belarus last month. Intel fell 1.1% in premarket trading.
Gogo (GOGO) – Gogo rose 10.4% in premarket trade after the broadband provider to the airline industry announced that its stock will be included in the S&P SmallCap 600 Index ahead of Friday’s open.
Array Technologies (ARRY) – Array Technologies gained 14.5% premarket after the renewable energy equipment maker reported better-than-expected quarterly sales and an upbeat revenue outlook. Also, effective April 18, Kevin Hostetler has been named the new CEO, replacing Jim Fusaro, who is retiring.
Simply Good Foods (SMPL) – The maker of nutritious foods and snacks reported better-than-expected earnings and sales for its most recent quarter and raised its sales guidance for the current year.