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PG&E, Las Vegas Sands, Planet Fitness Rise Premarket; Li Auto, Lyft Fall

AuthorPeter Nurse
Published 09/26/2022, 07:48 AM
Updated 09/26/2022, 07:50 AM
© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, September 26th. Please refresh for updates.

  • Amazon (NASDAQ:AMZN) stock fell 0.6% after the online retail giant announced plans to hold a sale for its loyalty-club shoppers, starting on Oct. 11, to boost holiday revenue and appeal to cost-conscious buyers facing economic turbulence.

  • Apple (NASDAQ:AAPL) stock fell 0.5%, falling in line with the general market, despite the tech giant saying it will manufacture its latest iPhone 14 in India, moving some of its production away from China.

  • PG&E (NYSE:PCG) stock rose 3.8% after S&P Dow Jones Indices announced on Friday that the utility will join the benchmark S&P 500 index on Oct. 3, replacing Citrix Systems (NASDAQ:CTXS), down 1.7%.

  • Las Vegas Sands (NYSE:LVS) stock rose 6.8%, Wynn Resorts (NASDAQ:WYNN) stock rose 5% and MGM Resorts (NYSE:MGM) stock rose 2.3% after Macau authorities said China would resume an e-visa scheme for mainland travelers and permit group tours, likely increasing footfall at the gambling resort.

  • Li Auto (NASDAQ:LI) stock fell 2.5% after the Chinese electric vehicle manufacturer cut its delivery outlook for the third quarter, citing “supply chain constraints”.

  • Lyft (NASDAQ:LYFT) stock fell 3.7% after UBS downgraded its investment stance on the ride-hailing company to ‘neutral’ from ‘buy’, saying its survey suggests drivers prefer main rival Uber (NYSE:UBER).

  • Planet Fitness (NYSE:PLNT) stock rose 4.3% after Raymond James upgraded its stance to ‘strong buy’ from ‘market perform’, citing a low valuation as well as a recession-resistant business.

Latest comments

Uber and Lyft take their forty percent and leave you with average between seventeen and twenty dollars per hour. You fill your gas ,invest your time,put milage on your car and maintenance of the car.How much left from twenty dollars and hour.People quitting driving for those companies.
people should quit. f uber and lyft leeches. they are useless third parties
They think people need those companies,what they need to realize they can't survive without drivers. Also drivers need to realize they are running these companies .All they need small strike to show them who is the boss.But most of them low educated low income people they can't get together as one.Uber and lyft knows that.
Uber and lyft keep dropping their wages for drivers .Gas and car prices so high to cover drivers costs. Uber And Lyft think they are smart take @ their devils cut and leave drivers stranded.
Massive rally today is a possibility.
AMZN, +1.4%, going higher
jes
Thank you for sharing the article 💯
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