Jun. 16 at 1:07 PM
$DOMO $PLAY $HUN $ERIC
PRE-MARKET MOVERS:
Currently Higher:
- Rackspace (RXT) up 18.5% after disclosing a 15% workforce reduction plan intended to realign its workforce around how production AI is deployed and announcing an agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Rackspace's global data centers
- SpaceX (SPCX) up another 0.7% after its IPO on Friday, noting that it has finalized its agreement to acquire Cursor
- Valmont (VMI) up 1.6% after providing FY29 guidance ahead of its investor day
- Olin (OLN) up 5.8% after the company and Huntsman announced that they have entered into a definitive agreement to combine in an all-stock merger of equals
- Robinhood (HOOD) up 2.1% after announcing a reduction in force that involves approximately 10% of the company's full-time employees
Currently Lower After Earnings:
- Domo (DOMO) down 20.6%
- Dave & Buster's (PLAY) down 19.9%
Currently Also Lower:
- Huntsman (HUN) down 6.9% after Olin and Huntsman announced that they have entered into a definitive agreement to combine in an all-stock merger of equals
- Ericsson (ERIC) down 2.5% after appointing Per Narvinger as CEO as Borje Ekholm has decided to step down.
