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Fly Intel: Pre-market Movers

The Fly

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The Fly
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Ford (F) trending lower after credit rating cut to junk status by S&P . Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER – 

  • Alaska Air (ALK) up 7% after announcing plans plans to reduce its flight schedule for April and May by approximately 70% and that it drew down $400M on its line of credit while closing an additional secured loan for $425M

UP AFTER EARNINGS –  

  • Signet Jewelers (SIG) up 18% 
  • Canadian Solar (CSIQ) up 12% 
  • Viomi Technology (VIOT) up 12% 
  • Unum Therapeutics (UMRX) up 10% 
  • Micron (MU) up 6% 

DOWN AFTER EARNINGS –

  • Movado (MOV) down 1%

LOWER –

  • Ford (F) down 2% after Bloomberg reported that the company’s credit rating was cut to junk status by S&P
  • McDonald’s (MCD) down 2% after Reuters reported the company will temporarily trim its U.S. menu as it focuses on simplifying operations amid the coronavirus outbreak 
  • Expedia (EXPE) down 4% after Goldman Sachs analyst Heath Terry downgraded the stock to Sell from Neutral with a price target of $50, down from $126
  • Cheesecake Factory (CAKE) down 16% after Eater reported that the company said it will not make upcoming rent payments for any of its locations on April 1 due to significant loss of income stemming from the COVID-19 pandemic
  • Beyond Meat (BYND) down 5% after Goldman Sachs analyst Adam Samuelson downgraded shares to Sell from Neutral with a price target of $39, down from $129
  • Groupon (GRPN) down 5% after announcing that Rich Williams is no longer serving as CEO and COO Steve Krenzer is also no longer serving in his role

Originally Posted on March 26, 2020 – Fly Intel: Pre-market Movers

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