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Twitter, GameStop and Upstart Fall Premarket; Spirit, Levi Strauss Rise By
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Introduction© Reuters By Peter Nurse-- Stocks in focus in premarket trade on Friday, July 8th. Please refre ...

By Peter Nurse
-- Stocks in focus in premarket trade on Friday, July 8th. Please refresh for updates.
Twitter(NYSE:TWTR) stock fell 4.1% after the Washington Post reported that Elon Musk is closer to pulling his $44 billion offer for the social media giant, on the grounds that his team couldn’t verify the data sent by Twitter regarding spam and fake accounts.
GameStop(NYSE:GME) stock fell 5.2% after the troubled video-game retailer fired CFO Michael Recupero and laid off an undisclosed number of employees as part of a recovery plan.
Levi Strauss(NYSE:LEVI) stock rose 4.6% after the jeans retailer reported strong quarterly results, reaffirmed its full-year guidance, and raised its quarterly dividend by 20% as its comfortable clothing remained in demand.
Spirit Airlines (NYSE:SAVE) stock rose 2.1% after the low-cost carrier postponed a shareholder vote scheduled for later Friday on its $2.4 billion sale to Frontier Group(NASDAQ:ULCC), down 1.8%, so its board can continue discussions with both Frontier and JetBlue Airways(NASDAQ:JBLU), up 1.1%.
Tesla(NASDAQ:TSLA) stock fell 0.3% despite the electric car manufacturer selling just short of 79,000 China-made vehicles in June, its highest monthly sales since opening its Shanghai plant in 2019.
Upstart(NASDAQ:UPST) stock slumped 16% after the artificial intelligence lending platform disclosed that it would miss already downgraded guidance, and now expects a second-quarter net loss in the range of $27million to$31 million.
WD-40(NASDAQ:WDFC) stock fell 9% after the lubricant maker reported disappointing third-quarter results and lowered its full-year guidance, citing a challenging inflationary environment.
XPO Logistics (NYSE:XPO) stock rose 4.8% after Morgan Stanley upgraded its stance on the freight company to ‘overweight’ from ‘equal weight’, saying it is now “too cheap to ignore”.
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