Stocks Making the Greatest Movements Premarket 01/12

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Last Updated on January 12, 2023 by Bitfinsider

Disney — Disney shares rose more than 1% in early morning trade following the company’s election of independent director Mark Parker as Chairman of the board. As the two sides prepare for a proxy struggle, it also blocked activist investor Nelson Peltz’s effort to join the board.

Bed, Bath, and Beyond — The retailer gained 16% in premarket trading, continuing its bounce after a number of meme stocks jumped on Wednesday. The stock increased by about 69% on Wednesday.

American Airlines — rose 5% after raising its fourth-quarter forecast, citing robust demand and high pricing. American’s revenue prediction for 2019 increased by up to 17%, up from a prior 11% to 13% growth. Other airlines gained sympathy, with United, Delta, and Southwest all increasing by 1.5% to 2%.

Logitech, Inc. — The producer of mice and keyboards fell 16% after missing profits estimates for the most recent quarter and lowering its sales forecast.

Netflix — The streaming behemoth climbed 1.4% after Jeffries upgraded it to buy from hold. The Wall Street company also raised its price objective to $385 from $310, citing the debut of its advertising-based business and a crackdown on password hijacking as reasons for revenue and EBTIDA exceeding expectations.

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