Stocks Making The Biggest Premarket Moves: JetBlue Airways, Meta, Sweetgreen and More

Here are the notable companies making headlines before the market opens:

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JetBlue Airways: JetBlue Airways experienced a 1.3% decline in premarket trading following the announcement that it would end its partnership with American Airlines in the northeastern U.S. Instead, JetBlue will focus on Spirit Airlines. Shares of American Airlines saw a decrease of approximately 0.9%, while Spirit Airlines' shares rose by 2.3%.

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Meta Platforms: The social media giant, Meta Platforms, saw a 2% increase in premarket trading following the launch of Threads, a direct competitor to Twitter. Meta CEO Mark Zuckerberg shared on his Threads account that within seven hours of the platform's launch, 10 million people had signed up.

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Sweetgreen: Sweetgreen saw a surge of over 4% after Bank of America upgraded the stock from neutral to buy. The firm cited Sweetgreen's growing foot traffic and plans to automate operations as reasons for the upgrade.

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Keurig Dr Pepper: Shares of Keurig Dr Pepper rose nearly 2% after receiving an upgrade from Morgan Stanley. The Wall Street firm deemed the stock undervalued, considering the highly visible trends in refreshment beverages.

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Bank of America: Bank of America's shares remained relatively unchanged in premarket trading after the bank announced a 9% increase in its quarterly dividend to 24 cents per share from 22 cents. This puts the bank's dividend yield at approximately 3.3%. The dividend hike follows discussions with the Federal Reserve regarding differences between the central bank's stress test and Bank of America's internal version.

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Microsoft: Microsoft experienced a 0.8% increase in premarket trading after Morgan Stanley raised its price target on the tech giant. The firm believes that the market valuation of Microsoft could exceed $3 trillion due to the potential of artificial intelligence.

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Plug Power: Plug Power's shares rose by 1.8% after receiving a buy rating from Citi, which stated that the company has the potential to become one of the largest green hydrogen suppliers globally.

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Textron: Citi initiated coverage of aircraft maker Textron with a buy rating, suggesting that the stock is poised for a comeback this year. Textron's shares rose nearly 0.9% in premarket trading.

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