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Tesla, Uber, Plug Power Fall Premarket; Crowdstrike Rises

Stock Markets Mar 17, 2021 08:14AM ET
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By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Wednesday, March 17th. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock fell 3.2% amid growing worries about rising competition, higher interest rates and its valuation. Volkswagen (DE:VOWG_p) said Tuesday it expects to make 1 million electric vehicles this year, while Honda has launched a sedan with level-3 autonomous driving capability in Japan, suggesting that the first-mover advantage of Elon Musk's company is narrowing.

  • Uber (NYSE:UBER) stock fell 2.8% after the ride-hailing firm said that more than 70,000 British drivers will be paid the minimum wage while picking up and driving passengers after the company lost a groundbreaking Supreme Court case last month.

  • Plug Power (NASDAQ:PLUG) stock fell 15% after the alternative energy company said it would restate previously issued financial statements due to accounting errors.

  • Crowdstrike (NASDAQ:CRWD) stock rose 2.3% after the cyber security company posted better-than-expected results for the fourth quarter, benefiting from recent high-profile hacks.

  • Coherent (NASDAQ:COHR) stock rose 2.1% after optical fiber firm Lumentum (NASDAQ:LITE), down 2.4%, raised its offer for the company to $6.9 billion following a three-way takeover battle for the laser firm.

  • Eastman Kodak (NYSE:KODK) stock fell 6.7% after the photography company - which was the subject of a massive speculative spike last year - reported a net loss of $541 million for 2020, on revenue of $1.24 billion. 

  • Coupa Software (NASDAQ:COUP) stock fell 1.1% after warning of a difficult macroeconomic environment, even as it posted an unexpected profit in the fourth quarter.

  • Lands’ End (NASDAQ:LE) stock climbed 6.5% after the retailer reported better than expected results, and forecast a smaller-than-expected loss for the current quarter.

  • Baidu (NASDAQ:BIDU) stock fell 2.4% after Reuters reported the Chinese internet search company is set to raise $3.08 billion in a Hong Kong secondary listing, at a discount of some 2.7% to the ADRs' closing price on Tuesday.

  • Catalent (NYSE:CTLT) stock rose 0.4% after the Wall Street Journal reported that it plans to expand its Covid-19 vaccine production in Europe by starting a new production line at an Italian plant. This will enable it to make more doses of Johnson & Johnson (NYSE:JNJ)'s shot.

 

Tesla, Uber, Plug Power Fall Premarket; Crowdstrike Rises
 

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Comments (2)
Ali Elmoussa
Ali Elmoussa Mar 17, 2021 5:04PM ET
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I literally sold all my tsla shares because of this arupid article. What a bunch of ****
Mitchel Pioneer
Mitchel Pioneer Mar 17, 2021 8:50AM ET
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The futures miraculously rise from the abyss, as Wall Street twists the financial knife in the back of the US working class.  Only in the US Ponzi Scheme, the greatest investment fraud in history.
 
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