By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, January 5th. Please refresh for updates.
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Amazon (NASDAQ:AMZN) stock rose 1.3% after the online retail giant’s CEO Andy Jassy stated that its layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed.
- Walgreens Boots Alliance (NASDAQ:WBA) stock fell 1.9% after the drugstore chain reported a net quarterly loss as it took a $6.5 billion opioid litigation charge.
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T-Mobile US (NASDAQ:TMUS) stock rose 0.7% after the telecoms giant delivered record customer growth, adding 6.4 million postpaid customers and 2 million broadband customers in 2022.
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Coinbase (NASDAQ:COIN) stock fell 6.3% after Cowen downgraded its stance on the cryptocurrency exchange to ‘market perform’ from ‘outperform’, citing the lack of clarity on trading volumes.
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Silvergate Capital (NYSE:SI) stock slumped over 40% after the Wall Street Journal reported the crypto-related bank sold assets at a loss to cover at least $8B in withdrawals in the wake of the FTX debacle late last year.
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Luminar Technologies (NASDAQ:LAZR) stock rose 4.7% after the lidar manufacturer announced new technology and said it met 2022 performance goals at a trade show in Las Vegas.
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Danaher (NYSE:DHR) stock fell 2.4% after Credit Suisse downgraded its stance on the medical company to ‘neutral’ from ‘outperform’, as demand for COVID vaccines dwindles.