Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Spirit Airlines, Sofi, Carvana Rise Premarket; Twitter, McDonald's Fall

Stock Markets May 16, 2022 13:28
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Monday, May 16th. Please refresh for updates.

  • Spirit Airlines (NYSE:SAVE) stock rose 15% after JetBlue Airways (NASDAQ:JBLU), down 1.3%, launched a hostile all-cash takeover bid for its smaller rival days after Spirit turned down an offer from the discount carrier. Frontier Group (NASDAQ:ULCC) stock rose 4.7% with Spirit’s board still recommending its offer.

  • McDonald’s (NYSE:MCD) stock fell 0.3% after the burger giant announced it will sell its business in Russia after 30 years of operations, saying continued ownership is “no longer tenable, nor is it consistent with McDonald’s values.”

  • Twitter (NYSE:TWTR) stock fell 2.2% after billionaire Elon Musk tweeted over the weekend that the social messaging platform's legal team accused him of violating a nondisclosure agreement by revealing that the sample size for its checks on automated users.

  • SoFi Technologies (NASDAQ:SOFI) stock rose 5% after Piper Sandler upgraded its stance on the personal finance company to ‘overweight’ from ‘neutral’, saying the shares can rise sharply as the student loan moratorium clears.

  • Carvana (NYSE:CVNA) stock rose 12% after the used-car retailer forecast significant core earnings for 2023 while outlining plans to rein in costs.

  • Rivian Automotive (NASDAQ:RIVN) stock fell 0.7% after auto giant Ford (NYSE:F), up 0.4%, sold 7 million shares of the electric carmaker, according to a filing on Friday.

  • Ryanair (LON:RYA) (NASDAQ:RYAAY) ADRs fell 2.4% after the Irish airline reported a 355 million euro ($370 million) annual loss and warned of a “fragile” recovery on airline passenger numbers.

  • Netflix (NASDAQ:NFLX) stock rose 2.8% after Wedbush upgraded its stance on the streaming giant to ‘outperform’ from ‘neutral’, with the investment firm, a long-time bear of the stock, saying new content will reduce churn.

  • Barclays (NYSE:BCS) ADRs rose 1% after the British bank said it expects to refile financial statements with U.S. regulators by the end of May, paving the way to resume a 1 billion pound ($1.23 billion) buyback program it halted following a trading blunder earlier this year.

Spirit Airlines, Sofi, Carvana Rise Premarket; Twitter, McDonald's Fall

Related Articles

MFE is long-term investor in ProSieben, CEO says
MFE is long-term investor in ProSieben, CEO says By Reuters - Jun 29, 2022

COLOGNO MONZESE, Italy (Reuters) - Italian broadcaster MFE is "a long-term investor" in German rival ProSiebensat, CEO Pier Silvio Berlusconi said, reiterating MFE's long-held...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
Sign up with Email