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DoorDash, Uber, VMware Fall Premarket; Altria, Rocket Companies Rise

Tesla, T-Mobile Fall Premarket; Sonos Rises

Stock Markets Aug 16, 2021 07:54AM ET
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© Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Monday, August 16th. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock fell 1.9% after U.S. auto safety regulators announced they have opened a formal safety probe into the electric car manufacturer's driver assistance system Autopilot after identifying 11 crashes since January 2018.
  • Sonos (NASDAQ:SONO) stock rose 9% after the wireless audio company won the first step of a legal battle with Alphabet’s Google (NASDAQ:GOOGL) when a U.S. trade judge found the search giant infringes five Sonos patents.
  • T-Mobile US (NASDAQ:TMUS) stock fell 0.4% following claims of an alleged massive data breach at the telecoms giant that may have compromised more than 100 million users.

  • Honest Company (NASDAQ:HNST) stock fell 2% after Morgan Stanley (NYSE:MS) downgraded its investment stance on Jessica Alba’s consumer goods company to ‘equal weight’ from ‘overweight’, citing the disappointing second quarter. Its stock fell over 28% on Friday.

  • Hyatt Hotels (NYSE:H) stock fell 0.1% after the hotel operator announced a  deal to buy resort company Apple (NASDAQ:AAPL) Leisure Group from private-equity firms KKR and KSL Capital Partners for $2.7 billion in cash.

  • Chipotle (NYSE:CMG) stock fell 0.6% after Raymond James downgraded its stance on the Mexican food chain to ‘overweight’ from ‘strong buy’, saying its strong run means its valuation is getting full.

  • BHP Billiton (NYSE:BBL) ADR fell 2.4% after the miner announced it is in talks over a potential merger of its petroleum business with Woodside (OTC:WOPEY) Petroleum. The possibility of getting Woodside shares in return disappointed shareholders whose investment mandates won't let them hold fossil fuel companies.

  • Seagate (NASDAQ:STX) stock rose 0.8% after UBS upgraded its stance on the technology stock to ‘buy’ from ‘neutral’, saying it is emerging as a potential winner in the struggling semiconductor sector.

  • Coinbase Global (NASDAQ:COIN) stock rose 1.7% with the cryptocurrency exchange operator benefiting from the recent rise in value of the digital currencies. MicroStrategy (NASDAQ:MSTR) stock also climbed 2.2% as the business analytics company has invested heavily in bitcoin.


Tesla, T-Mobile Fall Premarket; Sonos Rises

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