Pre-Open Stock Movers 06/15: Hertz Gains on Buyback, Snowflake on Upgrade; Bitcoin Names Weaker Again (more...)
Pre-Open Stock Movers:
IronNet (NYSE: IRNT) 14% LOWER; reported Q1 EPS of ($0.33), $0.16 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $6.69 million versus the consensus estimate of $7.02 million.
Wheels Up Experience (NYSE: UP) 12% HIGHER; Goldman Sachs initiates coverage with a Buy rating and a price target of $5.00.
Revlon, Inc. (NYSE: REV) 11% HIGHER; continues to recover following recent bankruptcy reports.
Hertz Global Holdings, Inc. (NASDAQ: HTZ) 6% HIGHER; announced that its Board of Directors approved a new $2.0 billion share repurchase program.
Snowflake Inc. (NYSE: SNOW) 5% HIGHER; Canaccord Genuity upgraded from Hold to Buy with a price target of $185.00.
Southwestern Energy (NYSE: SWN) 4% HIGHER; Benchmark upgraded from Hold to Buy with a price target of $14.00.
Spotify (NYSE: SPOT) 4% HIGHER; Wells Fargo upgraded from Underweight to Equal Weight with a price target of $124.00 (from $101.00).
Tapestry Inc. (NYSE: TPR) 3% HIGHER; Jefferies upgraded from Hold to Buy with a price target of $45.00 (from $30.00).
Robinhood Markets (NASDAQ: HOOD) 3% LOWER; Atlantic Equities downgraded from Neutral to Underweight with a price target of $5.00 (from $15.00).
Marathon Digital Holdings, Inc. (NASDAQ: MARA) 2% LOWER; Bitcoin falls another 4% to ~$21K
Microstrategy, Inc. (NASDAQ: MSTR) 2% LOWER; Bitcoin falls another 4% to ~$21K
Coinbase (NASDAQ: COIN) 2% LOWER; Bitcoin falls another 4% to ~$21K
Roblox (NYSE: RBLX) 2% LOWER; May data showed a slowing of all major metrics, including Daily active users and bookings.
Moderna (NASDAQ: MRNA) 1% HIGHER; Covid Vaccine Receives Backing From FDA Panel for Ages 6-11