In this picture example, the Disney+ logo is displayed on a smartphone screen.
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Check out the companies making headlines in premarket trading.
disney – Disney shares rose more than 1% in morning trading after the company elected independent director Mark Parker as chairman of the board, It also resisted an effort to have activist investor Nelson Peltz join the board as the two sides prepared for a proxy battle.
bed Bath and Beyond — retailer grew premarket 16%, A handful of meme stocks continued to rally after gains on Wednesday, The stock soared nearly 69% in Wednesday’s session.
American Airlines After this the airline got a profit of 5% Raising fourth quarter guidance, citing strong demand and high rents. American’s revenue forecast rose to 17% in 2019, up from 11% previously at 13%. Other airlines were sympathetic, with United, Delta and Southwest posting increases of between 1.5% and 2%.
logitech — The maker of mice and keyboards plunged 16% after missing earnings expectations for the most recent quarter and downgrading its sales outlook.
netflix – The streaming giant gained 1.4% after this Upgraded by Jefferies from Hold to Buy, The Wall Street firm, which raised its price target from $310 to $385, said the introduction of its advertising-based offering and crackdown on password theft will drive revenue and EBTIDA above estimates.
stop — The streaming stock slipped 3.8% after Jefferies downgraded an underperform rating, saying consensus estimates are failing for a slowing advertising market.
cleveland-cliffs — The steel maker rose 2.6% after Morgan Stanley upgraded it to an overweight from an equal-weight rating, saying shares could rally 35%.
KB Home — Shares declined 3.4% after the homebuilder beat estimates on the top and bottom lines for the most recent quarter. KB Home’s fourth-quarter earnings of $2.47 per share on $1.94 billion in revenue trailed analysts’ estimates of $2.86 per share on revenue of $1.98 billion.
Spotify — Shares of the audio streaming company declined nearly 2% premarket after a downgrade from buy to hold at Jefferies, which said Spotify’s growth margin over the next two years is expected to fall below Wall Street’s expectations.
Cinemark — Shares rose 1.9% after JPMorgan posted an overweight rating from analysts. The bank said the film chain looks attractive after the recent fall.
— CNBC’s Carmen Renicke, Michelle Fox, Jesse Pound, Tanaya Machel and Alex Haring contributed reporting