Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Johnson & Johnson, Blink, Farfetch Rise Premarket; Tesla Falls

Stock MarketsNov 12, 2021 08:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Peter Nurse 

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

  • Johnson & Johnson (NYSE:JNJ) stock rose 2.8% after the company said it will break into two separate companies, splitting off its consumer health division from its large pharmaceuticals unit. 

  • Blink Charging (NASDAQ:BLNK) stock rose 5.7% after the provider of charging stations reported its third-quarter revenue jumped more than seven-fold, well ahead of expectations.

  • Alibaba (NYSE:BABA) ADRs fell 1.2% after China’s largest ecommerce platform reported that its sales grew 8.5% during the Singles Day shopping festival, the first time in history that its growth has slowed below 10%. Smaller rival JD.com (NASDAQ:JD) stock fell 0.4% in sympathy even though it reported that its sales rose around 29% from the previous year. 

  • Tesla (NASDAQ:TSLA) stock fell 0.5% after regulatory filings showed Friday that Chief Executive Officer Elon Musk sold more shares of the electric car maker, days after he sold $5 billion of the stock, or 3% of his total holdings, the first such move since 2016.

  • Farfetch (NYSE:FTCH) stock rose 3.6% after Swiss luxury goods firm Richemont (OTC:CFRUY) revealed it was in advanced talks to expand its partnership with the online luxury fashion retail platform, including through the sale of a stake in its underperforming e-commerce unit Yoox Net-a-Porter (MI:YNAP).

  • AstraZeneca (NASDAQ:AZN) ADRs fell 4.2% as the Anglo-Swedish drugmaker reported third-quarter profit short of estimates, citing high integration costs for newly-acquired Alexion (NASDAQ:ALXN) and disappointing sales of its cancer drug Tagrisso in China.

  • Biogen (NASDAQ:BIIB) stock rose 2.6% after late stage studies reported positive results for the biotech company’s Alzheimer's drug Aduhelm.

  • Nvidia (NASDAQ:NVDA) stock fell 1.5% after Wedbush downgraded its investment stance on the tech company to ‘neutral’ from ‘outperform’, citing its elevated valuation having gained over 45% this month.

  • Hewlett Packard Enterprise (NYSE:HPE) stock fell 4.6% after Goldman Sachs (NYSE:GS) downgraded its stance on the company to ‘sell’ from ‘neutral’, citing the risk of corporate spending on information technology slowing. 

  • Lordstown Motors (NASDAQ:RIDE) stock fell 9.6% after the auto startup delayed the commercial production and deliveries of its first product, an all-electric pickup called the Endurance, once more.
Johnson & Johnson, Blink, Farfetch Rise Premarket; Tesla Falls
 

Related Articles

Asian shares slump as Powell warns on inflation
Asian shares slump as Powell warns on inflation By Reuters - Jan 26, 2022 2

By Andrew Galbraith SHANGHAI (Reuters) - Asian shares fell to their lowest in more than 14 months, short-term U.S. yields rose to 23-month highs and the dollar strengthened on...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Mitchel Pioneer
Mitchel Pioneer Nov 12, 2021 9:01AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The Friday FRAUD unfolds in living color.  The pre-market hijinks are already underway to set up another Friday "rally."  Can't have a loss on a Friday in the US Ponzi Scheme, greatest financial fraud in history, and biggest investment JOKE in the world.  Wall Street will send America into another weekend with a financial knife in their back.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email