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Stocks - Tilray Rockets in Pre-market; Tesla, Amazon Dip

Published 09/19/2018, 08:29 AM
Updated 09/19/2018, 08:29 AM
© Reuters.  Stocks in focus in pre-market trade on Wednesday.

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

• Tilray (NASDAQ:TLRY) stock soared 40.99% by 8:14 AM ET (12:14 GMT) as its chief executive, Brendan Kennedy, told CNBC that partnerships between cannabis, alcohol and pharmaceutical companies could be forthcoming.

• Tesla (NASDAQ:TSLA) stock slipped 0.65% after the company said Tuesday that the U.S. Department of Justice was investigating Chief Executive Elon Musk's public statements in August that he was considering taking the electric car maker private. Separately, Morgan Stanley (NYSE:MS) analysts said that the company could raise $2.5 billion in equity this year as it increases production and prepares to pay off maturing debt.

• McDonald’s (NYSE:MCD stock was down slightly after the European Union ended its state aid probe over the company’s controversial tax affairs with Luxembourg, according to three people familiar with the matter consulted by Bloomberg.

• Amazon (NASDAQ:AMZN) stock dipped 0.17% as company announced that it had launched activities in Turkey, offering products across 15 categories to customers across the country.

• Command Security (NYSE:MOC) stock skyrocketed 45.79% after the company announced that it would be acquired by Prosegur for $2.85 per share.

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