Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Apple, Beyond Meat Rise Premarket; Weibo, GameStop, AMC Entertainment Fall

Published 12/14/2021, 07:54 AM
Updated 12/14/2021, 07:55 AM
© Reuters.

© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, December 14th. Please refresh for updates.

    • Apple (NASDAQ:AAPL) stock rose 0.7%, set to continue gains after the iPhone maker recorded an all-time high on Monday, equating to a market cap of $2.98 trillion. Already the most valuable company in the world, Apple could become the first to have a $3 trillion market cap. Morgan Stanley (NYSE:MS) and Evercore have both raised their target prices on the stock this week, as has JPMorgan (NYSE:JPM).

    • GameStop (NYSE:GME) stock fell 3.4% and AMC Entertainment (NYSE:AMC) stock dropped 6.2%, meme stocks in general continuing Monday’s selloff as retail investors free up some cash ahead of the expensive festive period.

    • Terminix (NYSE:TMX) stock rose 24% after the pest control company agreed to be bought by U.K.-based Rentokil for $6.7 billion in a cash and stock transaction.

    • Merck (NYSE:MRK) stock fell 1.2% after the U.S. Food and Drug Administration has placed clinical holds on trials testing the company's HIV drug islatravir.

    • Pfizer (NYSE:PFE) stock fell 0.7% despite final analysis of the drugmaker’s antiviral Covid-19 pill that still showed near 90% efficacy in preventing hospitalizations and deaths in high-risk patients. 

    • MGM Resorts (NYSE:MGM) stock fell 0.5% after the casino operator agreed to sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash.

    • Beyond Meat (NASDAQ:BYND) stock rose 5.6% after Piper Sandler upgraded its investment stance to ‘neutral’ from ‘underweight’, saying a nationwide launch at McDonald’s (NYSE:MCD) could happen in the first quarter of next year.

    • Weibo (NASDAQ:WB) stock fell 4.6% after the Chinese social media platform received a 3 million yuan ($470,000) fine from China's internet regulator for repeatedly publishing illegal information.

    • Ralph Lauren (NYSE:RL) stock fell 4.3% after Goldman Sachs (NYSE:GS) downgraded its investment stance on the fashion company all the way to ‘sell’ from ‘buy’, saying  brand momentum indicators are fading.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.