US Premarket: Twitter, GameStop and other stocks making biggest moves

Twitter (TWTR)

Twitter shares fell 4% in premarket trading, following a Washington Post report that Elon Musk’s deal to buy Twitter may be in jeopardy. According to the report, Musk’s team doesn’t think Twitter’s figures on spam accounts are reliable, although officials defended their numbers.

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GameStop (GME)

GameStop slipped 5.6% in the premarket after the video game retailer fired Chief Financial Officer Mike Recupero and told employees in an internal notice that it’s cutting staff, as it tries to turn its business around.

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Levi Strauss (LEVI)

Levi Strauss surged 3.9% in premarket trading after posting better-than-expected sales and profit for its latest quarter on the back of higher prices and strong demand for its denim offerings. The company also raised its quarterly dividend by 20%.

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Upstart Holdings (UPST)

Shares of the lender slumped 16.3% in the premarket after it said it would not meet already-reduced financial targets for its latest quarter. Upstart cited a constrained lending marketplace and moves during the quarter to convert loans into cash.

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Spirit Airlines (SAVE)

Spirit added 3.2% in the premarket after the company once again delayed a special shareholder meeting to vote on its planned merger with Frontier Group (ULCC), this time until July 15. The postponement comes as Spirit continues talks with both frontier and rival suitor JetBlue (JBLU).

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Occidental Petroleum (OXY)

Occidental jumped 2% in premarket trading after Berkshire Hathaway (BRKb) acquired another 12 million Occidental Petroleum shares, increasing its stake in the energy producer to 18.7%.

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WD-40 (WDFC)

Shares of the lubricant maker plunged 100.6% in the premarket after reporting a quarterly profit and sales that fell short of analyst forecasts, impacted by inflationary pressures and a number of global disruptions.