Check out the companies making headlines in premarket trading. Chipotle — Shares rose 6.6% in premarket trading after the fast-casual Mexican chain announced a 50-to-1 stock split. The change, which was shared with the public on Tuesday, is expected to go into effect in June if approved by shareholders in a vote scheduled for earlier that month. Elsewhere, Deutsche Bank raised its price target on the stock, citing strong growth prospects. CarMax — Shares of the used car dealer climbed 3% after an upgrade to buy from hold by Needham. The investment firm said the used vehicle market could be on the verge of a multiyear recovery. Riot Platforms — The stock rose 5% after JPMorgan upgraded the bitcoin mining company to overweight from neutral. Analyst Reginald Smith cited Riot’s “unique combination of industry-leading power contracts, scale and liquidity” as catalysts, and added that he thinks the name offers the best relative upside amongst the biggest U.S.-listed crypto miners. General Mills — Shares climbed more than 3% after the firm beat Wall Street expectations on the top and bottom lines. The firm reported $1.17 per share excluding items on revenue of $5.1 billion, while analysts polled by LSEG had forecast $1.05 per share and $4.97 billion. General Mills also reaffirmed its full-year outlook Signet Jewelers — Shares pulled back more than 7% after fi …
Article Attribution | Read More at Article Source
[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Chipotle — Shares rose 6.6% in premarket trading after the fast-casual Mexican chain announced a 50-to-1 stock split. The change, which was shared with the public on Tuesday, is expected to go into effect in June if approved by shareholders in a vote scheduled for earlier that month. Elsewhere, Deutsche Bank raised its price target on the stock, citing strong growth prospects. CarMax — Shares of the used car dealer climbed 3% after an upgrade to buy from hold by Needham. The investment firm said the used vehicle market could be on the verge of a multiyear recovery. Riot Platforms — The stock rose 5% after JPMorgan upgraded the bitcoin mining company to overweight from neutral. Analyst Reginald Smith cited Riot’s “unique combination of industry-leading power contracts, scale and liquidity” as catalysts, and added that he thinks the name offers the best relative upside amongst the biggest U.S.-listed crypto miners. General Mills — Shares climbed more than 3% after the firm beat Wall Street expectations on the top and bottom lines. The firm reported $1.17 per share excluding items on revenue of $5.1 billion, while analysts polled by LSEG had forecast $1.05 per share and $4.97 billion. General Mills also reaffirmed its full-year outlook Signet Jewelers — Shares pulled back more than 7% after fi …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
