By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, September 29th. Please refresh for updates.
Microsoft (NASDAQ:MSFT) stock fell 0.1% after the tech giant acknowledging that a recent change it introduced likely caused a major outage Monday, affecting users' access to multiple Microsoft 365 services, including Outlook and Teams.
Walmart (NYSE:WMT) stock rose 0.2% following a report that the U.S. retail giant is in talks with Tata Group for an investment of up to $25 billion in the Indian conglomerate.
Tiffany (NYSE:TIF) stock rose 0.1% despite French luxury goods giant LVMH (PA:LVMH) counter-suing the U.S. jeweler on Monday, arguing Tiffany's financial mismanagement in the global crisis permits them to walk away from its proposed $16 billion acquisition.
Fiat Chrysler (NYSE:FCAU) stock fell 0.3% after the auto giant agreed to pay $9.5 million to settle charges from U.S. securities regulators that it misled investors about emissions control problems.
Sorrento Therapeutics (NASDAQ:SRNE) stock rose 6.1% after the drugmaker said both of its Covid-19 antibody candidates had a positive impact on the novel coronavirus in a study in hamsters.
Nikola (NASDAQ:NKLA) stock fell 4.2%, continuing its volatile trading, after two women came forward with formal sexual assault allegations against founder Trevor Milton.
Uber (NYSE:UBER) stock fell 0.2% following a report from Bloomberg that the company is considering buying the ride-hailing app Free Now, a joint venture between Daimler (OTC:DDAIF) and BMW, to boost its presence in Europe and Latin America.
McCormick (NYSE:MKC) stock fell 3.4% after the food manufacturer posted strong fiscal third quarter earnings, helped by enhanced dining at home during the pandemic. The company also announced a 2-for-1 stock split.
Papa John's (NASDAQ:PZZA) stock rose 0.7% after North American comparable sales rose 18.4% in September, the sixth consecutive month in which the pizza delivery company reached double-digit comparable sales growth.
Big Lots (NYSE:BIG) stock rose 6.9% after the discount retailer said it expects third-quarter same-store sales to impress and guided for earnings well above consensus expectations.