First Republic, United Airlines, GitLab, Uber, AMC, and More Stock Market Movers
(FRC) gained 21.7% in premarket trading after closing nearly 62% lower on Monday. The bank led shares of regional lenders down even after U.S. authorities stepped in to backstop depositors following the collapses of Silicon Valley Bank and Signature Bank.
(KEY) gained 13.2% after tumbling 27.3% in the previous session.
(UAL) was falling 6.1% after issuing a profit warning for the first quarter. The airline said it expected a loss in the period of between 60 cents to $1 a share. Analysts had forecast an adjusted profit of 64 cents. United said demand in January and February was lower than expected and that oil prices and fuel spreads “have remained elevated.”
(GTLB), the DevOps software company, sank 33.2% in premarket trading after its revenue forecast for the fiscal first quarter and year missed analysts’ expectations.
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(
) rose 4.2% and
(LYFT) gained 4.9% after a California appeals court said workers at the ride-hailing companies should continue to be treated as independent contractors.
(AMC) was up 0.2%. The movie-theater chain is holding a special meeting Tuesday at which shareholders will vote on whether to increase the company’s stock authorization and convert AMC Preferred Equity Units (ticker: APE) into AMC common shares . There also will be a vote on a 10-for-1 reverse stock split that only would take place if the APE measure passes.
(MNTV) jumped 17.9% in premarket trading to $9.10 after the parent of Survey Monkey agreed to be acquired by a group led by private-equity firm Symphony Technology Group for $9.46 a share, or about $1.5 billion.
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Write to Joe Woelfel at joseph.woelfel@barrons.com
