Stocks making the biggest moves premarket: Biogen, Spirit, Robinhood and more

Biogen (BIIB)

Biogen (BIIB)

Biogen fell 1% in premarket trading after the government announced that Medicare will limit coverage for Aduhelm, Biogen’s Alzheimer’s disease treatment.

Spirit Airlines (SAVE)

Spirit Airlines (SAVE)

Spirit said it will begin talks with JetBlue (JBLU) about its rival’s $3.6 billion takeover bid. Spirit had agreed earlier this year to be taken over by Frontier Airlines parent Frontier Group (ULCC) but said the JetBlue offer could lead to a “superior proposal.”

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Robinhood Markets (HOOD)

Robinhood Markets (HOOD)

he financial services and stock trading platform operator’s stock slid 4.1% premarket after Goldman Sachs downgraded it to “sell” from “neutral.”

WD-40 (WDFC)

WD-40 (WDFC)

WD-40 surged 9.5% in the premarket following better-than-expected quarterly earnings and revenue.

Designer Brands (DBI)

Designer Brands (DBI)

The footwear and accessories retailer raised its full-year earnings outlook and reinstated its quarterly dividend after a two-year pause. 

Kroger (KR)

Kroger (KR)

The supermarket operator’s stock added 2.6% in premarket action after Bank of America Securities upgraded it to “buy” from “neutral.”

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CrowdStrike (CRWD)

CrowdStrike (CRWD)

CrowdStrike rallied 3.7% in premarket action after the cloud computing company received authorization to protect critical assets of the U.S. Department of Defense.

Workday (WDAY)

Workday (WDAY)

The finance and human resources software company struck a new $1 billion credit agreement with lenders, replacing a prior credit pact.

Workday (WDAY)

Workday (WDAY)

PriceSmart beat estimates by 3 cents with a quarterly profit of $1.03 per share and the discount retailer’s revenue was slightly above Wall Street forecasts.