Bed Bath, Dropbox, Transocean and more

Find out which companies are making headlines in pre-market commerce.

Bed bath and beyond — The beleaguered home goods retailer fell another 14.1%, adding to several straight days of losses. The latest move comes after chief financial officer Gustavo Arnal took his own life on Friday. Bed Bath & Beyond said in a statement on Sunday that Arnal was “instrumental” to guide the company through the pandemic.

Norwegian Cruise Line Holdings – Shares jumped 1.8% before market after Stifel called the cruise line a “long-term buying opportunity”.

fedex – The transportation stock fell 1.5% after Citi downgraded it to buy neutral and lowered its price target, citing pressures on earnings per share growth this year.

Transocean – Shares jumped 3.4% after BTIG upgraded oil services stock to buy from neutral, saying the offshore drilling contractor should improve its balance sheet thanks to better daily rates.

drop box – Shares rose 1.7% after Bank of America launched coverage of the file storage and sharing service with a buy rating, saying strong free cash flow generation should be attractive for shareholders.

SVC Health — CVS is acquisition of home healthcare company Signify Health in an $8 billion transaction, the two companies said. CVS shares rose 0.6% in premarket trading; Signify fell 0.2%.

volkswagen — Volkswagen is the intention to introduce the Porsche sports car brand in an initial public offering later this year, which could be one of the biggest quotes in the world this year.

Anheuser-Busch InBev — The maker of Budweiser rose 2.4% after HSBC has upgraded the Belgian beer maker to buy on holdclaiming the stock could jump 30% from here.

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