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Today, we’re taking a closer look at some of the companies making waves in premarket trading. CarMax has seen a 9% dip in shares after reporting an earnings and revenue miss for its fourth quarter. On the other hand, Nike’s shares have surged 2% following an upgrade to buy from neutral by Bank of America. Analysts are optimistic about Nike’s revenue growth and margin expansion prospects.
Robinhood, a popular brokerage firm, has faced a 3% drop in stock price after being downgraded to sell by Citi. Meanwhile, Constellation Brands has seen a 1% increase in shares after beating fourth-quarter expectations. The company behind Modelo has highlighted the strong performance of its beer business.
In a surprising move, Alpine Immune Sciences has soared nearly 37% after Vertex Pharmaceuticals announced its acquisition of the company for about $4.9 billion in cash. This deal has also positively impacted Vera Therapeutics, whose stock has jumped more than 10%.
Albemarle, a chemicals company, has seen a 1% increase in stock price after an upgrade by Berenberg to buy from hold. Analysts are optimistic about the company’s future volumes and prices.
Atlassian, a work collaboration software maker, has experienced a 4% surge in shares after an upgrade by Barclays to overweight from equal weight. The firm believes that Atlassian will attract a larger pool of enterprise customers moving to the cloud.
DoorDash, the popular food delivery platform, has added 2% following an upgrade by MoffettNathanson back to buy from neutral. Despite near-term headwinds, analysts are confident in DoorDash’s ability to capture growing demand for grocery delivery.
Stay tuned to Extreme Investor Network for more updates and exclusive insights into the world of finance and investments. Our expert analysis and unique perspective will help you navigate the complex world of finance with confidence. Don’t miss out on the latest trends and opportunities – join Extreme Investor Network today!
