February 21, 2024


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Check out the companies making the biggest moves in pre-market trading:

shake shack – Shares of the fast-food chain rose nearly 4% after the IPO wall street journal Activist investor Engaged Capital is reportedly planning a proxy fight for three of the company’s board seats. Engaged Capital acquired a 6.6% stake, including swaps.

Charles Schwab — Shares of the brokerage firm rose 2.4 percent in premarket trading. Charles Schwab’s core banking business remains strong, which could help the stock rise as much as 30%, Raymond James said in a note Monday.On Friday, the company said 1% increase in total client assets It increased to $7.63 billion from March to April.

Magellan Midstream Partners, Onok — In announcing that pipeline operator Oneok will become Acquired the company for approximately $18.8 billion. Oneok shares fell 5.5 percent.

HR block, intuition — Tax filing companies fell 9.3 percent and 4.3 percent after wall street journal Report on the potential creation of a government-run online tax filing program by a Biden administration. The IRS will release its report this week, the newspaper said.the institution been investigating as part of the Inflation Reduction Act.

Sophie Technology — The stock fell nearly 6% in premarket trading after Wedbush downgraded its rating to underperform from neutral. The Wall Street firm said SoFi may be reaching a tipping point in its fee income and may need to raise capital this year to support growth.

Albemarle — Shares rose 2.7 percent after Baird upgraded its rating to outperform. The lithium company can be a leader in both the short and long term, the company said.

dupont— The chemical company rose 2.7% in premarket trading after Deutsche Bank upgraded the chemical company to buy from hold. The Wall Street firm said the stock was trading at a 50% discount to its peers.

— CNBC’s Yun Li, Alex Harring and Brian Evans contributed reporting.