Stocks making the biggest moves premarket: Bed Bath & Beyond, Nikola, Virgin Orbit and more
Publishing timestamp: 2023-03-31 08:05:22
Summary
Several companies made headlines before the bell, including Bed Bath & Beyond, which saw a 2% dip in shares after warning of potential bankruptcy if its proposed stock offering fails. Electric truck maker Nikola fell 5% after announcing plans to raise $100 million, while Virgin Orbit shed nearly 43% and announced it would halt operations and eliminate 90% of its workforce. Digital World Acquisition, a SPAC linked to former President Donald Trump, surged as much as 19%. BlackBerry shares fell about 2% after posting revenue slightly below consensus estimates, and Generac Holdings fell 3.7% following a downgrade. Some regional bank stocks rose, with First Republic gaining 1.7% and the SPDR S&P Regional Banking ETF inching 0.4% higher.
Sentiment: MIXED
Tickers: GNRC, KRE, BB, DWAC, FRC, PACW, BBBY, NKLA, KEY, VORB, ZION,
Keywords: keycorp, pacwest bancorp, zions bancorporation na, economy, breaking news, digital world acquisition corp, nikola corp, markets, blackberry, business, stock markets, virgin orbit, bed bath & beyond inc, generac holdings inc, first republic bank, spdr s&p regional banking etf, market insider, breaking news: markets, business news,
Source: https://www.cnbc.com/2023/03/31/stocks-making-the-biggest-moves-premarket-bbby-nklavorb.html