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Starbucks, Turquoise Hill, Vroom Fall Premarket; PlayAGS Rises

Stock Markets Aug 15, 2022 07:56AM ET
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TRQ
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By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, August 15th. Please refresh for updates.

  • Turquoise Hill (NYSE:TRQ) stock fell 24% after the Canadian miner rejected an offer by majority shareholder Rio Tinto (NYSE:RIO) to buy the 49% stake it doesn't already own for $2.7 billion. Rio’s ADRs fell 3.9%.

  • Starbucks (NASDAQ:SBUX) stock fell 0.9% after the coffee chain asked the labor board to suspend mail-in ballot union elections, alleging misconduct in the voting process.
  • PlayAGS (NYSE:AGS) stock rose 9.9% after Reuters reported that gaming equipment provider Inspired Entertainment (NASDAQ:INSE), down 4.1%, has made a $370 million offer to acquire the slot machine maker.

  • California Resources (NYSE:CRC) stock fell 2.3% after Reuters reported that Kimmeridge Energy has amassed a stake in the oil and gas producer and is pushing it to make changes that include selling some acreage to real estate developers.

  • Dollar General (NYSE:DG) stock fell 1.2% after BMO downgraded its investment view of the discount chain to ‘market perform’ from ‘outperform’, saying recession fears are fully priced in.

  • Vroom (NASDAQ:VRM) stock fell 4.7% after JPMorgan downgraded its stance on the used car retailer to ‘underweight’ from ‘neutral’, saying there’s no quick fix for the troubled company in an economic slowdown.

Starbucks, Turquoise Hill, Vroom Fall Premarket; PlayAGS Rises
 

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Comments (2)
Darshpreet Singh
Darshpreet Singh Aug 15, 2022 9:13AM ET
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don't worry S&P 500 is breaking out over 4300 this week
Mitchel Pioneer
Mitchel Pioneer Aug 15, 2022 8:58AM ET
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All those savvy "investors" that rushed the gates "in late trade" to "buy" through the close are going to lose their derriere's.  Or are they?  When you're criminally inflating the laughingstock of the investing world with Monopoly money, the risk is zero.  Fraudulent JOKE.
 
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