Stocks making the biggest moves premarket: Spirit Airlines, BioNTech, Robinhood and more

The companies are making news before the bell rings.

After saying it would accept the latest improved takeover bid from Frontier Group, Spirit Airlines lost 4.7% in the pre market. Based on Friday's closing prices, the most recent Frontier cash-and-stock bid is worth over $2 billion, while the most recent JetBlue all-cash offer is worth over $3 billion. It's thought that regulators wouldn't approve a combination of the two companies. There was no change in Frontier and JetBlue.

Pfizer and BioNTech said their Covid-19 booster shots resulted in an improved immune response against the variant.

After Goldman upgraded the trading platform operator's stock to "neutral" from "sell", it cut the price target to $9 per share from $11. Despite the release of a Congressional report detailing the trading platform's difficulties in handling the meme stock frenzy of January 2021, the rise came.

Digital World Acquisition (DWAC) said in an SEC filing that it had received more subpoenas in the investigation of its registration statement. Digital World said the investigation could cause delays or even prevent the combination from being completed. The stock fell in the pre market.

Goldman lowered its rating on the stock to "sell" from "neutral" due to the continued fall in the price of cryptocurrencies and slower industry activity levels.

Juul won a temporary stay of the FDA ban on its e-cigarettes. The company has a stake in the company.

The New York Post reported on increasing talk of a possible merger between Newmark and another real estate company.

Reliance is in talks with global banks to raise $8 billion to finance the acquisition of Walgreens. There was a 1% increase in Walgreens pre market trading.

The price increases for the pet products retailer are sticking and that supply chain issues are improving, which led to the upgrade of the company to "BUY" from "HOLD" before the market opened.

The majority of auto parts sales are non-discretionary and demand is relatively inelastic, which makes it a good defensive play. The stock was up in the pre market.