HP, Robinhood, Biogen Fall Premarket; Kroger, JetBlue Rise
2022.04.08 15:27
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Friday, April 8th. Please refresh for updates.
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HP (NYSE:HPQ) stock fell 1.5% after UBS downgraded its stance on the personal computer retailer to ‘neutral’ from ‘buy’ on valuation, citing the hefty bounce after Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) took a large stake in the company.
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Robinhood (NASDAQ:HOOD) stock fell 4.6% after Goldman Sachs downgraded its stance in the online brokerage to ‘sell’ from ‘neutral’, citing fading retail engagement, especially among its lower end customers.
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Kroger (NYSE:KR) stock rose 1.9% after Bank of America upgraded its stance on the food retailer to ‘buy’ from ‘neutral’, saying the stock has a 25% upside as higher food prices will drive its earnings.
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Tesla (NASDAQ:TSLA) stock rose 0.2% after the electric car manufacturer opened its $1.1 billion factory in Texas, home to its new headquarters.
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JetBlue Airways (NASDAQ:JBLU) stock rose 1.4% after Spirit Airlines (NYSE:SAVE), up 1.4%, said late Thursday it would start talks with the budget carrier on its $3.6-billion offer, as it could likely lead to a “superior proposal” to the one from Frontier Group.
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Boeing (NYSE:BA) stock fell 0.4% after one of the aircraft manufacturer’s 757 cargo jet, operated by DHL, broke in two after an emergency landing at an airport in Costa Rica.
- Biogen (NASDAQ:BIIB) stock fell 1.2% after the U.S. government announced that its Medicare program will limit coverage for Aduhelm, the drugmaker’s Alzheimer’s disease treatment.
