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Twitter, Coca-Cola, Penn National Gaming Rise Premarket; Philips Slumps

Published 04/25/2022, 07:55 AM
Updated 04/25/2022, 07:56 AM
© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, April 25th. Please refresh for updates.

  • Coca-Cola (NYSE:KO) stock rose 1.3% after the soft drinks giant reported stronger than expected quarterly earnings, with net sales jumping 16%, helped by higher prices and a rebound in demand for its sodas at theaters and restaurants.

  • Twitter (NYSE:TWTR) stock rose 5% after Reuters reported that the social media company is nearing a deal to sell itself to Elon Musk for $54.20 per share in cash, the price the Tesla (NASDAQ:TSLA) CEO called his 'best and final' offer.

  • Alibaba (NYSE:BABA) ADRs fell 3.6%, JD.com (NASDAQ:JD) ADRs dropped 1.% and Baidu (NASDAQ:BIDU) stock fell 3.6% on fears that the wave of COVID-19 cases now hitting Beijing will impact these China-based companies.

  • Activision Blizzard (NASDAQ:ATVI) stock fell 0.1% after the videogame publisher missed estimates for first quarter adjusted sales, hurt by low demand for its latest "Call of Duty” title.

  • Philips (NYSE:PHG) ADRs fell over 12% after the Dutch-based medical technology group warned multiple risks to its growth outlook for the year while expanding a recall of ventilators.

  • KKR (NYSE:KKR) stock fell 0.7% after the investment company announced it has raised $19 billion from investors for its latest flagship North America private equity fund, its biggest fund ever.

  • Penn National Gaming (NASDAQ:PENN) stock rose 2.2% after Morgan Stanley lifted its recommendation to ‘overweight’ from ‘equal weight’, saying the company offers value after recent underperformance.

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