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Check out the companies making the biggest moves in premarket trading:
Shake Shack – The fast food chain saw its stock increase by nearly 4% Wall Street Journal Activist investor Engaged Capital is reportedly planning a proxy fight for three board seats at the company. Engaged Capital bought a 6.6% stake, including swaps.
Charles Schwab — Shares at the brokerage added 2.4% in premarket trading. Raymond James said in a note on Monday that Schwab’s core banking business is strong, which could help the stock gain as much as 30%. Friday, the company said Total customer assets increased by 1% $7.63 billion from March to April.
Magellan Midstream Partners, Onok — Shares of Magellan Midstream Partners rose 15.5% following the announcement that pipeline operator Onok. acquires the company for about $18.8 billion. Oneok shares fell 5.5%.
H&R Black, Intuit — tax preparers fell 9.3% and 4.3%, respectively. Wall Street Journal A report on the Biden administration’s possible creation of a government-run online tax filing program. The IRS is expected to release the report this week, the newspaper said. Company It is being investigated As part of the Anti-Inflation Act.
SoFi Technologies — The stock fell nearly 6% in pre-market trading after Wedbush cut it from neutral. The Wall Street firm said SoFi’s fee income may reach a tipping point and may need to raise capital this year to support growth.
Albemarle — Shares rose 2.7% following an improvement over Baird. The company said lithium could be a leader in the near and long term.
Dupont De Nemours– Shares added 2.7% in pre-market trading after Deutsche Bank upgraded the chemical company from hold to buy. The Wall Street firm said the stock was trading at a 50% discount to its peers.
— CNBC’s Yun Li, Alex Haring and Brian Evans contributed reporting.
