August 8, 2022

Coinbase, Spirit Airlines, Robinhood, and more

Coinbase, Spirit Airlines, Robinhood, and more

Check out which companies are making the headlines in midday trading.

Spirit Airlines – Shares of the budget airline fell more than 7% on news of this The Founding Shareholder Services Advisory Company has asked Spirit shareholders to vote in favor of the proposed merger with Frontier Airlines. come next Frontier Airlines raised the cash portion of its offer by $2 per share and increase the reverse dissociation fee.

Robinhood Robinhood stock rose more than 3% after Goldman Sachs raised the stock-trading company’s shares to neutral from sell. This upgrade came despite the release of a file A report to Congress detailing the difficulties encountered Dealing with the meme stock frenzy in January 2021.

Queen Bees Crypto Exchange Shares Drop 9% After Goldman Sachs downgraded for sale From neutral, he highlights the pressure crypto prices are putting on Coinbase’s exchange business and says the company needs to cut costs to slow the cash burn.

Digital World Acquisition Corporation. – The blank check company linked to former President Donald Trump’s social media project saw its shares drop more than 9% after that And it revealed in a file that its board of directors received subpoenas from a federal grand jury. The DWAC, which is already under investigation by the Securities and Exchange Commission, said the investigations and subpoenas could affect its merger with Trump Media Company.

Biotechnology The biotech company’s stock jumped nearly 6%. After the news that Covid-19 boosted shots with Pfizer to combat omicronImproving the immune response to the variant. Pfizer shares rose about 1% on the news.

AutoZone – AutoZone shares are up about 1% after that Goldman Sachs upgraded the stock to a buy from a neutral rating He said the company is “on the defensive” to face the current environment.

Etsy – Involved Down over 4% after a rating downgrade from Needham. Analyst Anna Andreeva lowered the rating to prevent buying, saying that Etsy’s business will suffer from rising inflationary pressures.

CNBC’s Tanaya Machel and Sarah Main contributed reporting.