On this episode of Stock Movers:
- Kraft Heinz (KHC) shares are moving after the company said it will separate into two publicly traded companies in a tax-free spinoff, aiming to simplify operations and boost shareholder value. The transaction is expected to close in the second half of 2026.
- Nvidia (NVDA) shares are down in the premarket. While there's no clear catalyst for the dip, fears over AI development in China and geopolitical and trade uncertainty could all weigh on the stock.
- Air Lease Corp (AL) is moving on news the aviation finance firm built by industry pioneer Steven Udvar-Hazy, agreed to a $7.4 billion sale to a group led by Sumitomo Corp. and rival SMBC Aviation Capital. SShareholders of Los Angeles-based Air Lease will receive $65 a share in cash from the buyers, backed by entities affiliated with Apollo managed funds and Brookfield, according to a statement Tuesday.
- Frontier Group (ULCC) jumped in the premarket after Deutsche Bank raised the recommendation on low-cost carrier to buy from hold saying the firm is best-positioned to benefit from rival Spirit’s bankruptcy.
- Tesla (TSLA) shares are also lower as world leaders in Asia meet in Beijing amid concern over US tariffs. President Vladimir Putin appears to have secured a diplomatic win with a massive pipeline deal that would tie Russia and China together for decades and could redefine the global gas trade.
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