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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.
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