Nike, Blue Apron, Bumble shares jump premarket
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Investing.com -- Stocks in focus in premarket trade on Friday, September 29th. Please refresh for updates.
- Nike (NYSE: NKE) stock surged after the athletic apparel group reported much better than expected fiscal first-quarter earnings that overshadowed a miss on revenue, pressured by weakness in North America and an economic slowdown in its key China market.
- Shares in Under Armour (NYSE: UAA) (NYSE: UA) rose, buoyed by the better-than-anticipated quarterly profit figures from peer Nike.
- Ball Corp . (NYSE: BALL) shares were slightly higher after analysts at Jefferies raised their rating of the soda-can maker to buy, citing in part a re-acceleration in free cash flow.
- Brinker International (NYSE: EAT) stock jumped on light volume after analysts at Stifel upgraded their rating of the Chili's parent to buy from hold.
- Bumble (NASDAQ: BMBL) stock gained after analysts at Loop Capital Markets improved their rating to buy, saying the dating application's cash balance is strong.
- Blue Apron (NASDAQ: APRN) shares soared by more than 130% after the meal kit firm announced that it had agreed to be acquired by food delivery business Wonder Group in an all-stock deal worth $103 million.
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