Check out the companies making the biggest moves in pre-market trading.
shake shack – The fast food chain saw its stock price rise nearly 4%. wall street journal Activist investor Engaged Capital is planning a proxy contest for three seats on the company’s board, it has reported. Engaged Capital acquired a 6.6% stake, including swaps.
Charles Schwab * The stock of the brokerage rose 2.4% in pre-market trading. Raymond James said in a note Monday that Schwab’s core banking business is still doing well, which could help the stock rise by as much as 30%. On Friday, the company announced: 1% increase in customer total assets From March to April, it was $7.63 billion.
Magellan Midstream Partners, onok — Magellan Midstream Partners shares soared 15.5% after the announcement of the acquisition of pipeline operator Oneok. buy the company for about $18.8 billion. One Ok shares fell 5.5%.
H&R Block, Intuition — Tax authorities fell 9.3% and 4.3% respectively in the wake of the financial crisis. wall street journal A report on the potential for the Biden administration to create a government-run online tax filing program. The IRS is expected to release a report this week, the paper said.agency i’ve been looking into it As part of the Control Inflation Act.
SoFi technology * Shares fell nearly 6% in the open session after Wedbush downgraded the company from neutral to underperforming. The Wall Street firm said SoFi’s fee income may be reaching a tipping point and may need to raise capital this year to support growth.
Albemarle — Shares rose 2.7% after Baird’s upgrade to Outperform. The company said lithium companies can be leaders in both the short and long term.
dupont de nemours* Shares rose 2.7% in pre-market trading after Deutsche Bank upgraded the chemical company from hold to buy. The Wall Street firm said its stock was trading at a 50% discount to its peers.
— CNBC’s Yun Li, Alex Harring, and Brian Evans contributed to the report.
