Twitter (TWTR) – Twitter fell 1.5% in preliminary trades, possibly breaking a three-day series with gains of almost 32%. Elon Musk – now Twitter’s largest shareholder – changed the form of the SEC deposit on its stock market to show that it was not “passive”. Spirit Airlines (SAVE) – Spirit said its board will consider a new $ 3.6 billion cash takeover bid from JetBlue (JBLU). Spirit had agreed in February to buy from parent company Frontier Airlines, Frontier Group (ULCC) for $ 2.9 billion in cash and shares. Spirit fell 2.8% in the premarket, with JetBlue falling 3.7% and Frontier falling 3.9%. Tilray (TLRY) – Tilray rose 2.1% in premarket after reporting unexpected gains for the last quarter, although revenue fell below analysts’ estimates. The cannabis producer also announced an agreement with the supermarket chain Whole Foods, which will sell the cannabis powders produced by Tilray’s Manitoba Harvest subsidiary. Rivian (RIVN) – Rivian shares rose 1.7% in the preliminary market after the company said it was on track to meet its aforementioned production target of 25,000 electric vehicles this year. Occidental Petroleum (OXY) – Shares of the energy producer added 1.7% to pre-market action after the start of Stifel Financial coverage with a “buy” rating. Stifel said Occidental remains attractive even as it has almost doubled so far this year, marking a highly undervalued low-carbon business. Intel (INTC) – Intel has announced that it has suspended business operations in Russia following last month’s suspension of semiconductor shipments to customers in Russia and Belarus. Intel fell 1.1% in preliminary trading. Gogo (GOGO) – Gogo rose 10.4% in pre-market trading after the broadcaster of the aviation industry announced that its share will be included in the S&P SmallCap 600 index before the opening on Friday. Array Technologies (ARRY) – Array Technologies rose 14.5% in the premarket after the energy renewal equipment manufacturer reported better-than-expected quarterly revenue and issued optimistic revenue outlook. It also named Kevin Hostetler as its new CEO, effective April 18, replacing retired Jim Fusaro. Simply Good Foods (SMPL) – The nutritious food and snack maker reported better-than-expected earnings and revenue for the last quarter and increased its sales forecast for the current year.
