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Stocks - Lululemon, Accenture Jump in Pre-market; Fiat Chrysler Falls

Published 03/28/2019, 08:14 AM
Updated 03/28/2019, 08:14 AM
© Reuters.

Investing.com - Stocks in focus in premarket trade Thursday:

  • Lululemon (NASDAQ:LULU) stock skyrocketed 12.8% by 8:15 AM ET (12:15 GMT) after its fiscal fourth-quarter earnings and sales were better than expected due to strong holiday sales.

  • Pacific Gas & Electric (NYSE:PCG) stock rose 5.2% after some of its creditors proposed a $35 billion plan for the utility company to exit bankruptcy in a year, Bloomberg reported.

  • Accenture (NYSE:ACN) stock jumped 5.1% after its fiscal second-quarter earnings beat estimates and it increased its full-year financial guidance on the back of buoyant digital and cloud service investment bookings.

  • Canopy Growth (NYSE:CGC) stock was down 1.1% on news that it took a minority stake in a cannabis venture founded by actor Seth Rogen.

  • British American Tobacco (NYSE:BTI) stock gained 0.6% after Citi upgraded the company to buy from neutral, according to CNBC.

  • Fiat Chrysler (NYSE:FCAU) stock fell 1.1% on news that Volkswagen (DE:VOWG_p) CEO Herbert Diess is not interested in acquiring it, just a day after reports that Renault (PA:RENA) is planning to pursue Fiat should it conclude merger talks with Nissan. France's Peugeot has also approached Fiat Chrysler in the recent past, according to reports.

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