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peter fdpfpgpdp
Aug 22, 2022 8:51AM ET
Green later this week
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💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
Tesla, AMC Entertainment, Bed Bath & Beyond Fall Premarket; Signify Health Rises
© Reuters.
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, August 22nd. Please refresh for updates.
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Tesla (NASDAQ:TSLA) stock fell 2.1% after CEO Elon Musk tweeted that the electric car manufacturer is set to increase the price of its top-level driver assistance program by 25% to $15,000 from $12,000 in September.
- Signify Health (NYSE:SGFY) stock rose 38% after the Wall Street Journal reported that retail giant Amazon (NASDAQ:AMZN), down 2.1%, has entered the bidding war for the home health care services provider.
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Netflix (NASDAQ:NFLX) stock fell 2.8% after CFRA downgraded its stance on the streaming giant to ‘sell’ from ‘hold’ with the investment research firm citing the near 40% runup in its share price from the mid-July low.
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DocuSign (NASDAQ:DOCU) stock fell 4% after RBC downgraded its stance on the online cloud-based document management company to ‘sector perform’ from ‘outperform’, with the company having to deal with the abrupt departure of its CEO in June.
- Bed Bath & Beyond (NASDAQ:BBBY) stock fell 13.6%, extending the recent falls after billionaire investor Ryan Cohen announced he had disposed of his large stake in the troubled retailer.
- AMC Entertainment (NYSE:AMC) stock slumped 33% ahead of the start of trading of its new class of preferred equity, which will dilute earnings in the existing stock. Separately, its main rival Cineworld (LON:CINE), the world's second largest cinema operator, said it was exploring a bankruptcy.
- Credit Suisse (NYSE:CS) stock fell 1.3% after the Swiss lender hired Deutsche Bank's (ETR:DBKGn) Dixit Joshi as chief financial officer and promoted Francesca McDonagh to chief operating officer as part of the bank's overhaul.
- United Parcel Service (NYSE:UPS) stock fell 2.1% after Evercore ISI downgraded its stance on the delivery firm to 'in line' from 'outperform', seeing limited upside given the uncertain economic climate.
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Comments (2)
Buy And Sell
Aug 22, 2022 8:30AM ET
Looks bad today it can be a real slump, a huge drop today. It is ugly. The big downward trend in stocks will be in the authumn, it can fall until summer 2025. Warning do not buy stocks now, it will be a big loss!
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MK MK
Aug 22, 2022 8:30AM ET
You are so funny 🤣
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