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Apple, Mobileye and Exxon Mobil fall premarket; Thor Industries rises
Author
Published Jun 06, 2023 08:09AM ET
© Reuters
Investing.com -- Stocks in focus in premarket trade on Tuesday, June 6th. Please refresh for updates.
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Apple (NASDAQ:AAPL) stock fell 0.4% the day after the tech giant unveiled the Vision Pro, a high-priced headset that potentially represents its riskiest move since the iPhone's debut. DA Davidson has downgraded its stance on the company to ‘neutral’ from ‘buy’.
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Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) both saw their stock slip about 1% as crude prices dropped about 2% each on concerns about the global economic backdrop.
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Thor Industries (NYSE:THO) stock soared 7.4% after the manufacturer of recreational vehicles beat third-quarter earnings expectations, even while taking a more cautious stance for the rest of the year.
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Palantir Technologies (NYSE:PLTR) stock rose 1.6%, continuing the previous session’s sharp gains after the data analytics firm was awarded a multi-year contract worth $463 million from the U.S. Special Operations Command.
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Coinbase (NASDAQ:COIN) Global stock rose 0.2% after the SEC sued rival Binance, claiming among other things that the world’s biggest cryptocurrency exchange had diverted customer funds into a trading entity controlled by CEO Changpeng Zhao. Bitcoin, the most commonly used digital currency, fell to a two-and-a-half month low as a result.
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Mobileye Global (NASDAQ:MBLY) stock fell 5.1% after chipmaker Intel (NASDAQ:INTC) announced that it is planning to sell a $1.5B stake in the Israel-based autonomous driving firm.
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Ryman (NYSE:RHP) stock fell 1.1% after the entertainment company announced it was buying a resort in Texas from Blackstone (NYSE:BX) for $800M, adding it would issue stock as a result.
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McCormick (NYSE:MKC) stock rose 1.8% after Bank of America upgraded its stance on the spice maker all the way to ‘buy' from 'underperform', citing the company’s growth characteristics.
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