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STT, HTZ, CIT...
10/16/2020 08:10am
Fly Intel: Pre-market Movers

Check out this morning's top movers from around Wall Street, compiled by The Fly. 

HIGHER -
  • Hertz (HTZ) up 113% after securing commitments for debtor-in-possession financing totaling $1.65B and filing a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware
  • CIT Group (CIT) up 21% after First Citizens (FCNCA) and the company jointly announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals
  • Navistar (NAV) up 21% after CNBC's David Faber reported that Volkswagen's (VWAGY) Traton and Navistar are very close to a deal for Traton to acquire what it does not own of Navistar for $44.50 per share
  • Boeing (BA) up 5% after Bloomberg reported Patrick Ky, executive director of the European Union Aviation Safety Agency, said he's satisfied that changes that Boeing has made to the 737 Max have the plane safe enough to return to the air before the end of the year in the region
UP AFTER EARNINGS -
  • VF Corp. (VFC) up 1% 
  • Ally Financial (ALLY) up 1%
DOWN AFTER EARNINGS - 
  • J.B. Hunt (JBHT) down 6%
  • Citizens Financial (CFG) down 4%
  • Schlumberger (SLB) down 1%
  • State Street (STT) down 1%
LOWER -
  • Maxeon Solar (MAXN) down 4% after Goldman Sachs analyst Brian Lee downgraded shares to Sell from Neutral with a price target of $15, down from $18

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