SAVE - Hot Stocks: SAVE bid from JBLU; TLRY earnings; CAR downgrade; ARRY new CEO
A potential merger deal in the airline space generated a lot of chatter in Wednesday's pre-market action. Spirit Airlines (NYSE:SAVE) gave up some of Tuesday's sharp advance amid potential questions about a takeover offer from JetBlue (JBLU). In other news, Avis Budget Group (CAR) also edged lower in pre-market trading, weighed down by an analyst's downgrade. At the same time, cannabis firm Tilray (TLRY) experienced buying interest after it posted a surprise profit for the latest quarter. The company also announced a partnership with Whole Foods. Array Technologies (ARRY) was another pre-market winner, climbing on earnings news and the announcement of a new CEO. Decliners Spirit Airlines (SAVE) ticked lower in pre-market trading after a massive surge the day before, as investors continue to digest a takeover offer from JetBlue (JBLU). SAVE spiked just before the close of trading on Tuesday, finishing the session higher by more than 22%. The
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Hot Stocks: SAVE bid from JBLU; TLRY earnings; CAR downgrade; ARRY new CEO