Magical Trade
Tuesday, January 31, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Stocks making the biggest moves premarket: Lowe’s, Target, GlaxoSmithKline and others

by
November 17, 2021
in Trade News
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Check out the companies making headlines before the bell:

Lowe’s (LOW) – Lowe’s rose 2.5% in the premarket after beating estimates on the top and bottom lines and raising its annual revenue forecast. The home improvement retailer earned an adjusted $2.73 per share for the third quarter, 37 cents above estimates, with comparable store sales up 2.2%. Analysts had expected comp sales to decline by 1.5%.

RELATED POSTS

Biden administration plans to end Covid public health emergency on May 11

If you want to be really rich, use these 3 Warren Buffett investing techniques that no one talks about

Target (TGT) – Target reported an adjusted quarterly profit of $3.03 per share, beating consensus estimates by 20 cents, with revenue also above Street projections. Comparable store sales rose 12.7% compared with forecasts of an 8.2% increase. Despite the beats, the retailer’s shares slid 2% in premarket action.

GlaxoSmithKline (GSK), Vir Biotechnology (VIR) – The drug makers signed contracts to sell about $1 billion worth of their Covid-19 treatment to the U.S. government. The government also has an option to buy additional doses that last through March 2022. Glaxo was down 0.4% in premarket trading, but Vir’s stock soared 8.6%.

Tesla (TSLA) – Tesla CEO Elon Musk sold another $973 million in Tesla stock to cover a tax bill generated by the exercise of options covering 2.1 million shares. Tesla rose 2.1% in premarket action.

Rivian (RIVN) – Rivian added 1.6% in the premarket and has yet to experience a losing session since the electric vehicle maker went public last Wednesday. Rivian has been up about 15% in each of the past two trading days and closed Tuesday at $172.01 compared with its IPO price of $78.

Lucid Group (LCID) – The electric vehicle maker rose another 10.3% in the premarket following a nearly 24% surge Tuesday. Yesterday’s rally came amid Lucid’s statement that it was seeing “significant demand” for its Lucid Air model.

La-Z-Boy (LZB) – La-Z-Boy jumped 5.6% in premarket trading after the furniture maker beat estimates by 8 cents with a quarterly profit of 85 cents per share. Revenue also beat forecasts, and the company said it continues to see strong consumer demand although it has been impacted by supply chain disruptions.

Baidu (BIDU) – Baidu beat estimates on the top and bottom lines for its latest quarter, with the China-based e-commerce company benefiting from stronger ad sales as well as strength in cloud and artificial intelligence products. Baidu added 1.2% in the premarket.

Deere (DE) – Deere workers will vote on a tentative contract offer today, after rejecting two previous tentative pacts. Those workers have been on strike since October 14.

Pfizer (PFE), BioNTech (BNTX) – The FDA has promised a quick review of the application to approve the Pfizer/BioNTech Covid-19 booster dose for all adults. The New York Times reports that a decision could come as soon as Thursday. BioNTech rose 1.3% in the premarket, while Pfizer gained 0.7%.

Roku (ROKU) – The stock was downgraded to “sell” from “neutral” at Moffett Nathanson, which said signs of slowing revenue growth for the video streaming device maker have become more obvious and forced the firm to rethink its long-term assumptions. Roku shares fell 3.1% in premarket trading.

ShareTweetPin

Related Posts

Biden administration plans to end Covid public health emergency on May 11

by
January 31, 2023
0

U.S. President Joe Biden delivers remarks on the coronavirus disease (COVID-19) before receiving a second COVID-19 booster vaccination in the...

If you want to be really rich, use these 3 Warren Buffett investing techniques that no one talks about

by
January 31, 2023
0

S&P 500 4,017.77 -52.79(-1.30%)   Dow 30 33,717.09 -260.99(-0.77%)   Nasdaq 11,393.81 -227.90(-1.96%)   Russell 2000 1,885.72 -25.74(-1.35%)   Crude...

Jim Chanos says he’s still shorting Tesla as EV competition increases, profit margin peaks

by
January 31, 2023
0

Famed short seller Jim Chanos said Monday he's still betting against Tesla as competition in the electric vehicle market ramps...

Everyone’s watching Meta’s earnings report for a hint at how online ads are doing

by
January 31, 2023
0

In this article AMZNGOOGLSNAPMETA Follow your favorite stocksCREATE FREE ACCOUNT Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in...

Carvana stock briefly halted for volatility amid reports of ‘meme-style’ options frenzy

by
January 31, 2023
0

Post Content

Next Post

Most Housing Units Under Construction Since 1974

Housing Starts Decreased to 1.520 Million Annual Rate in October

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • Josh Brown says Nvidia’s potential is ‘scary’ ahead of a potential AI boom

    0 shares
    Share 0 Tweet 0
  • Cut Your Retirement Spending Now, Says Creator of the 4% Rule

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net