Frontier Group Holdings (ULCC) – A play on M&A news in the airline space. Shares of Spirit Air (SAVE) closed Tuesday’s session up 22% following news JetBlue (JBLU) offered to buy Spirit at $33 per share. Frontier and Spirit previously announced a deal to merge. Spirit said it would consider JetBlue’s proposal. Sources within the airline industry questioned whether the Frontier/Spirit deal would go through now given another proposal for Spirit.
Tilray (TLRY) – A play in the cannabis space.
Arrival (ARVL) -Company President, Avinash Rugoobur, will interview on Benzinga’s “Benzinga Live.”
Mobiquity Technologies (MOBQ) – Wednesday morning’s biggest winner. The company announced a partnership with A-Nation to provide data and programmatic advertising. Traders are likely using the news as a way to target this low-float play.
BigBear.ai (BBAI) – The second most-searched ticker on Benzinga Pro Wednesday. BigBear.ai is a former special purpose acquisition corporation (SPAC) name and may be seeing interest Wednesday on recent trader attention on “the SPAC redemption trade.”