DAL, FSLR, SHOO and more


Los Angeles, CA – March 29: Delta Air Lines unveils new $1.9 billion Terminal 3 at Los Angeles International Airport on Tuesday March 29, 2022 in Los Angeles, CA.

Irfan Khan | Los Angeles Times | Getty Images

Check out the companies making the biggest leaps in pre-market commerce:

Delta Airlines – Shares jumped 2% in pre-market after the airline predicted “record early bookings for the summer”. It expects current quarter sales to rise 15% to 17% from a year ago, beating Refinitiv’s estimate of 14.7%. Delta expected adjusted earnings per share of between $2 and $2.25, compared to $1.66 expected by analysts.

United Airlines, American airlines — Shares of other airlines also rose after Delta reported strong travel demand. United Airlines gained more than 2% and American Airlines gained 1.9%.

First Solar —Solar stock slid 1.4% following a downgrade to hold its buy by Deutsche Bank. The company said the stock was expensive after its recent rally.

Merck – The pharmaceutical giant gained 1% in premarket after being upgraded by Citi to buy from neutral, saying its drug pipeline is undervalued. The Wall Street firm raised the price target for the stock to $130, implying a 14% upside from Wednesday’s closing price.

steven madden – Shares rose about 2.7% after being upgraded to buy from neutral by Citi. The Wall Street firm said it expects Steve Madden to start seeing stronger wholesale orders in the second quarter.

Novo Nordisk – Diabetes and weight loss drug maker Ozempic or Wegovy rose about 2% in the pre-market after being upgraded by Credit Suisse to outperform from neutral. The Wall Street firm said the drug’s growth has “significantly exceeded” its expectations.

– CNBC’s Alex Harring contributed reporting.

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