As markets shift towards a down day early on, investors have their eyes focused on shares of Twitter ( NYSE: TWTR ). Elon Musk has decided to terminate his takeover of the social media firm which has sent the stock into the red.
At the same time Dutch Bros Inc. ( NYSE: BROS ) has also declined after being downgraded. On the other side of the fence shares of Camtek Ltd. ( NASDAQ: CAMT ) have gained along with shares of AZZ Inc. ( NYSE: AZZ ).
Gainers
Camtek Ltd. ( CAMT ) rose 9.9% in premarket trading as the firm announced preliminary 2Q22 revenues higher than expected . Preliminary revenues for 2Q22 are $80M, which are greater than the consensus of $78.06M.
AZZ Inc. ( AZZ ) gained 4.5% early on after delivering strong Q1 Non-GAAP EPS and revenue figures. Q1 Non-GAAP EPS of $1.40 surpassed expectations by $0.39. Moreover, AZZ also topped revenues by $27.48M, with $314.4M.
Decliners
Shares of Twitter ( TWTR ) declined 6.4% after Elon Musk decided to pull the plug on his $44B acquisition of the social media giant. Musk's advisers said he was terminating the deal due to allegations that TWTR "appears to have made false and misleading representations upon which Mr. Musk relied when entering into the merger agreement."
Dutch Bros Inc. ( BROS ) slid 2.7% in early market trading as Baird moved to temper its outlook for the Oregon-based coffee chain. Baird outlined in a client note that it cut the stocks rating from Outperform to Neutral .
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Hot Stocks: TWTR falls as Musk pulls the plug, BROS declines on downgrade, while CAMT and AZZ gain