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Stocks - Twitter, American Airlines Fall Premarket; Tesla Skyrockets

Published 10/24/2019, 08:22 AM
Updated 10/24/2019, 08:23 AM
© Reuters.

Investing.com - Stocks in focus in premarket trading on Thursday:

• Twitter (NYSE:TWTR) stock slumped 17.9% in premarket trade by 8:20 AM ET (12:20 GMT) after its revenue was hit by weaker advertising and issues with product bugs, as well as low demand over the summer.

• 3M Company (NYSE:MMM) stock declined 1.6% after it cut its profit forecast due to slowing demand in Asia.

• American Airlines (NASDAQ:AAL) stock dipped 0.5% as its revenue missed estimates in the third quarter, which the company attributed to the grounding of Boeing’s 737 MAX models, as well as labor contract negotiations.

• PayPal (NASDAQ:PYPL) stock jumped 8.6% after its raised its full-year outlook, with payment volume coming in above forecasts.

• eBay (NASDAQ:EBAY) stock lost 7.8% as it lowered its forecast for current-quarter revenue due to competition from other online marketplaces.

• Tesla (NASDAQ:TSLA) stock jumped 17.6% after it posted a surprising profit and moved up its schedule for bringing the Model Y crossover to market.

Latest comments

Stock market.....so boring !
Will fall so strong as well. It's all hope.
American Airlines is up 3.5% and only down a little bit from today's high.  This trash news reporting has got to stop.
John. Take a look at the timestamp of the article before you start screaming "trash news". It was posted about 2 hours before yours. Stock prices do actually move over time. lol.
What are you even talking about?  American airlines is up 3.5%.  Such trash news that tries to push the market around.
Altra giornata di ribassi a wall street ?
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