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Carvana, Walt Disney, Bristol-Myers Squibb Rise Premarket; Twitter Falls

Peter Nurse/Investing.comStock Markets
Published Sep 12, 2022 07:41AM ET
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By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, September 12th. Please refresh for updates.

  • Walt Disney (NYSE:DIS) stock rose 0.8% after activist investor Daniel Loeb swung behind the board's plans to keep ESPN, saying he has a "better understanding" of the sports television network's potential for growth.

  • Bristol-Myers Squibb (NYSE:BMY) stock rose 8.1% after the U.S. Food and Drug Administration approved the company's oral treatment for adults with plaque psoriasis.

  • General Electric (NYSE:GE) stock rose 0.6% after the conglomerate said it expects to complete the spin-off of its healthcare business by the first week of January 2023.

  • Bank of America (NYSE:BAC) stock rose 0.5% after Reuters reported that the lender has created a new group in its global wealth and investment management division to focus on lending to rich clients.

  • JPMorgan Chase (NYSE:JPM) stock rose 0.5% after CNBC reported that the lender has agreed to buy a payments startup called Renovite to fend off threats from fintech firms.

  • Twitter (NYSE:TWTR) stock fell 1% after the social media giant said payments made to a whistleblower did not breach any conditions of its $44 billion buyout by Elon Musk, after he cited the move as another reason to scrap the deal.

  • Carvana (NYSE:CVNA) stock rose 8.2% after Piper Sandler upgraded its stance on the online used car retailer to ‘overweight’ from ‘neutral’, saying it’s too cheap and can double from these levels.

  • Roblox (NYSE:RBLX) stock fell 1.6% after Cowen initiated coverage of the online game platform at ‘underperform’, saying it’s overvalued for a distant metaverse future.

Carvana, Walt Disney, Bristol-Myers Squibb Rise Premarket; Twitter Falls
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Comments (4)
Mitchel Pioneer
Mitchel Pioneer Sep 12, 2022 10:13AM ET
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Another round of criminally manufactured "gains," as the Wall Street criminals re-inflated the US Ponzi Scheme, and prepare to unload on retirement plans in just a few days.  BIGGEST INVESTMENT JOKE IN THE WORLD.
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Dave Jones
Dave Jones Sep 12, 2022 8:54AM ET
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That eye looks diseased. Is it dorkeys ?
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Joe Rizzuto
Joe Rizzuto Sep 12, 2022 8:17AM ET
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no one cares what cowen had to say anyway... by time they upgrade Roblox, it will be trading at $85!!
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Cody Hawkins
Cody Hawkins Sep 12, 2022 8:14AM ET
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Twitter is trash these days. It is overrun by bots. No solid business plan and no talks to address any of its major problems. Twitter is held up by large mutual funds and ETFs. Until the bot issue is addressed this will be a fake platform.
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