Nike, Blue Apron, Bumble shares jump premarket

September 29, 2023 8:36 AM EDT -- 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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