By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, March 28th. Please refresh for updates.
Tesla (NASDAQ:TSLA) stock rose 6.3% after the U.S. electric car manufacturer said on Monday it would ask shareholders to vote at its annual meeting to increase the number of additional shares in order to enable a stock split.
Apple (NASDAQ:AAPL) stock fell 1.3% following reports the tech giant could cut the output of its iPhone and AirPods devices as the Ukraine crisis and looming inflation weigh on demand for consumer electronics.
HP (NYSE:HPQ) stock fell 1.4% after the information technology company said it would acquire communications technology company Poly in an all-cash deal valued at $3.3 billion.
Walmart (NYSE:WMT) stock fell 0.1% after the Wall Street Journal report that the retail giant was set to stop cigarette sales in certain U.S. stores.
Barclays (NYSE:BCS) ADRs fell 3.1% after the U.K. bank reported an estimated 450 million pound ($590 million) loss on mishandled structured product sales, adding this could now delay a share buyback.
Citigroup (NYSE:C) stock fell 0.6% after Morgan Stanley downgraded its stance on the U.S. bank to ‘sell’ from ‘equal-weight’, saying the stock is unlikely to rise much from these levels.
Beyond Meat (NASDAQ:BYND) stock fell 5.8% after Piper Sandler downgraded its stance on the faux meat producer to ‘underweight’ from ‘neutral’, seeing a 40% downside ahead.
TPG (NASDAQ:TPG) stock rose 1.7% after the private equity giant reported a 34% jump in fourth quarter after-tax distributable earnings, helped by strong asset sales across its portfolio of private equity.