Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Seagen, Union Pacific and Tesla rise premarket; Pfizer falls

Published 02/27/2023, 07:32 AM
Updated 02/27/2023, 08:13 AM
© Reuters

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, February 27th. Please refresh for updates.

  • Seagen (NASDAQ:SGEN) stock rose about 14% after the Wall Street Journal reported that drugs giant Pfizer (NYSE:PFE), down 1.1%, is in talks to buy the biogen company in a deal worth over $30 billion.

  • Tesla (NASDAQ:TSLA) stock rose 2.4% after the electric car company said its German plant is now producing 4,000 cars per week, three weeks ahead of schedule.

  • Union Pacific (NYSE:UNP) stock rose 9.4% after the transport company's CEO Lance Fritz said on Sunday he would step down this year, bowing to pressure for change from hedge fund Soroban Capital Partners.

  • Zillow (NASDAQ:ZG) stock rose 0.5% after JPMorgan started coverage of the real estate marketplace at 'overweight', saying its shares can rally nearly 20%.

  • Berkshire Hathaway B (NYSE:BRKb) stock rose 0.2% after Warren Buffett's holding company reported its highest ever annual operating profit, even as foreign currency losses and rising interest rates contributed to lower earnings in the fourth quarter.

  • Shell (NYSE:SHEL) ADRs rose 0.3% after Goldman Sachs upgraded its investment stance on the energy giant to 'buy' from 'neutral', saying it has the highest quality combination of assets in the sector.

  • Citigroup (NYSE:C) stock rose 0.2% after the U.S. bank announced it was expecting $190 million of costs tied to winding down its consumer and institutional banking business in Russia but will incur the charges through 2024.

Latest comments

hi
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.