Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Stocks - Snap, PG&E, Canopy Growth Plunge in Pre-market; Pfizer Drops

Published 11/14/2018, 07:59 AM
Updated 11/14/2018, 08:15 AM
© Reuters.

© Reuters.

Investing.com - Stocks in focus in pre-market trade Wednesday:

• Snap (NYSE:SNAP) stock sank 4.32% by 7:47 AM ET (12:47 GMT) as the company said it had received subpoenas from the U.S. Department of Justice and the Securities and Exchange Commission regarding information about is 2017 initial public offering.

• PG&E (NYSE:PCG) stock tumbled 8.53% after the company warned in an SEC filing that if a malfunctioning of utility equipment turned out to be the cause of the Camp Fire in California, it could face liabilities that surpass its insurance coverage.

Canopy Growth (NYSE:CGC) stock plunged 9.56% as the company’s quarterly net loss widened from a year ago.

Pfizer (NYSE:PFE) stock fell 0.51% as the UK Supreme Court ruled against the company in a patent case to prohibit generic versions of its drug Lyrica.

• Macy’s (NYSE:M) stock lost 0.73% despite reporting better-than-expected third-quarter profit and lifting its forward guidance. The stock has risen nearly 30% this year as of yesterday’s close.

• Tilray (NASDAQ:TLRY) stock slumped 3.81% after the company reported a decline in average selling prices, placing pressure on margins.

Nike (NYSE:NKE) stock may see movement amid news that the company hired former Coca-Cola (NYSE:KO) executive Craig Williams as president of its sports shoes unit Jordan Brand.

• Starbucks (NASDAQ:SBUX) stock slipped 0.07% as the company planned to lay off about 350 global corporate employees, according to a memo to workers cited by Reuters.

• Ford Motor (NYSE:F) stock was little changed as its autonomous vehicle division announced it would team up with Walmart (NYSE:WMT) to explore self-driving goods delivery.

• Blue Apron (NYSE:APRN) stock gained 1.64% despite a decline in new clients and number of orders as the company announced it would cut its workforce by 4% as part of its strategy to reach profitability in 2019.

Latest comments

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.