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Humana , Cigna – Shares of both companies moved in opposite directions after Bloomberg, citing people familiar with the matter, reported that Cigna resumed merger talks with Humana. Humana gained more than 4% while Cigna fell a similar amount. UPS – Shares fell nearly 2% after a downgrade to underweight from equal weight at Barclays. Southwest Airlines – Shares dipped more than 1% before the market open. ASML – Shares fell more than 1% after Bernstein lowered its price target on the Dutch semiconductor equipment stock.
Persons: Johnson, Warby Parker, Goldman Sachs, Goldman, Cigna, Humana, Bernstein, , Alex Harring, Samantha Subin, Jesse Pound, Hakyung Kim, Michelle Fox Theobald Organizations: Wall Street Journal, Johnson, Boeing, Bloomberg, Humana, , Barclays, Amazon, Southwest Airlines, Elliott Investment Management, CNBC Locations:
The company posted earnings of $1.80 a share, versus the $1.39 expected by analysts polled by Refinitiv. Tesla – The electric vehicle stock lost more than 2% premarket on news that it cut prices on existing Model S and Model X inventories in China. H&R Block – The tax preparer's stock jumped more than 4% after topping fiscal fourth-quarter earnings expectations and hiking its dividend by 10%. Agilent topped its third-quarter revenue and EPS expectations, posting adjusted earnings of $1.43 a share on $1.67 billion in revenue. Otherwise, it beat analysts' expectations in its most recent quarter.
Persons: Cava –, Cava, TJX, JD.com, Dr Pepper, Refinitiv, Agilent, Jack Henry, Jack Henry &, FactSet, FactSet's StreetAccount, , Sarah Min, Jesse Pound, Tanaya Macheel Organizations: Refinitiv . Revenue, Revenue, National Futures Association, CFTC, Nasdaq, UBS, Associates, Jack Henry & Associates, Mercury Systems, Mercury Locations: China, Cava, JD.com –
PacWest — Shares plunged 20% after the regional bank stock said deposits fell 9.5% for the week ended May 5. Other regional banks stocks moved lower on the news, with Western Alliance and First Horizon down 7.3% and 3.2%, respectively. The company also reported revenue and profit that was roughly in line with Wall Street's expectations. AppLovin — Shares soared more than 16% in premarket trading following the company's first-quarter revenue and-second quarter guidance beat after the bell Wednesday. Analysts had anticipated a loss of $1.01 per share on revenue of $90.8 million, according to Refinitiv.
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