Investing.com - Financial Markets Worldwide

Bed Bath & Beyond, Triton rise premarket; American Airlines falls

AuthorPeter Nurse
Published 04/12/2023, 07:27 AM
Updated 04/12/2023, 08:18 AM
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By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 12th. Please refresh for updates.

  • Bed Bath & Beyond (NASDAQ:BBBY) stock rose 1.3% ahead of its quarterly earnings with the struggling retailer having announced late Tuesday plans to sell 112 million shares to shore up its battered finances.

  • American Airlines (NASDAQ:AAL) stock fell 2.4% after the carrier issued a disappointing first-quarter profit update.

  • Apple (NASDAQ:AAPL) stock rose 0.1% with the iPhone maker set to open its first physical stores in India next week, emphasizing the importance this market will have on future cash flows.

  • Ford (NYSE:F) stock rose 0.5% after the auto giant announced plans to invest $1.3 billion in a Canadian assembly plant to start producing electric vehicles.

  • National Instruments (NASDAQ:NATI) stock rose 8.5% after Bloomberg reported that Emerson (NYSE:EMR), down 1.7%, was in advanced talks to acquire the measurement equipment maker, in a deal valued at about $8B.

  • MongoDB (NASDAQ:MDB) stock rose 3.1% after Morgan Stanley upgraded its stance on the software company to ‘overweight’ from ‘equal weight’.

  • National CineMedia (NASDAQ:NCMI) stock rose 11% after the movie-theater advertising business said it has filed for bankruptcy protection and entered into a restructuring agreement with its lenders.

  • Triton International (NYSE:TRTN) stock rose 31% following an announcement that the leasing company is to be acquired by Brookfield Infrastructure (NYSE:BIPC) in a deal valued at $4.7B.

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