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Apple, ViacomCBS Rise Premarket; Nike, Alibaba Fall

Stock Markets Sep 13, 2021 08:08AM ET
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By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Monday, September 13th. Please refresh for updates.

  • Apple (NASDAQ:AAPL) stock rose 1%, rebounding to a degree after Friday’s sharp losses in the wake of an adverse ruling in the company's dispute against Epic Games. The iPhone maker is hosting a special event on Tuesday, where it’s expected to reveal several long-awaited products.

  • Alibaba (NYSE:BABA) ADRs fell 1.6% upon a Financial Times report that suggested Chinese authorities are looking to break up its Alipay associate to reduce its market power.

  • Live Nation (NYSE:LYV) stock fell 0.1% following the Wall Street Journal reporting that the entertainment group plans to acquire Mexican concert promoter OCESA in a move into Latin America.

  • Virgin Galactic (NYSE:SPCE) stock fell 3.1% after the space tourism company delayed its first commercial research flight to October after a supplier warned of a possible defect.  

  • Dell Technologies (NYSE:DELL) stock rose 2% following Goldman Sachs (NYSE:GS) adding the computer hardware maker to its ‘Conviction Buy’ list, with the influential bank citing strong cash flow generation and debt repayment plans.  

  • Nike (NYSE:NKE) stock fell 1.3% after investment firm BTIG downgraded its stance on the sports footwear retailer to ‘neutral’ from ‘buy’, saying the ongoing pandemic is causing problems in the company’s supply chain.

  • ViacomCBS (NASDAQ:VIAC) stock rose 0.9% with the Wall Street Journal reporting that the media giant is planning to shake up the operations of its Paramount Pictures movie and television production unit.

  • Walt Disney (NYSE:DIS) stock rose 0.6% after the entertainment giant announced it would release the rest of its 2021 films in movie theaters before streaming, a show of confidence that attendances will rebound.

  • MGM Resorts (NYSE:MGM) stock rose 2% on the back of Bernstein upgrading its investment stance on the resort operator to ‘outperform’ from ‘market perform’, citing its strong presence in the growing sports betting industry.
  • MiMedx (NASDAQ:MDXG) stock fell 52% after its key tissue regeneration therapy failed to meet primary endpoints in two separate clinical trials. The stock had rallied over 60% this year, on hopes that it had put an accounting fraud under its previous management behind it.
Apple, ViacomCBS Rise Premarket; Nike, Alibaba Fall
 

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Comments (1)
Vic Welly
Vic Welly Sep 13, 2021 9:16AM ET
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One apple a day! keep the doctor away ✊
David David
David9 Sep 13, 2021 9:16AM ET
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how do you know if that is a true statement? what if it is a poison apple?
 
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