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Zoom, Facebook and Delta Air Lines Fall Premarket

Stock MarketsJul 19, 2021 08:12AM ET
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By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Monday, July 19th. Please refresh for updates.

  • Zoom Video Communications (NASDAQ:ZM) stock fell 2.2% after the video conferencing company announced plans to buy Cloud-based call center operator Five9 (NASDAQ:FIVN), up 9%, in a $14.7 billion all-stock deal, its largest-ever acquisition.

  • Facebook (NASDAQ:FB) stock fell 1% after U.S. President Joe Biden accused the social media giant of "killing people" by allowing the spread of misinformation about Covid-19 vaccines on its network. Facebook pushed back against the charactterization.

  • Alcoa (NYSE:AA) stock fell 2.2% despite Goldman Sachs (NYSE:GS) adding the aluminum producer to its ‘conviction buy’ list, saying strong aluminum prices could push the stock up over 50%.

  • AutoNation (NYSE:AN) stock fell 0.7% despite the auto retailer posting a three-fold jump in quarterly profit, adding $1 billion to its buyback program and saying that it expects the strong demand for new vehicles to continue into next year.

  • Delta Air Lines (NYSE:DAL) stock fell 4.3%, United Airlines (NASDAQ:UAL) stock dropped 5.5%, Southwest Airlines (NYSE:LUV) stock fell 3.2% and JetBlue Airways (NASDAQ:JBLU) stock dropped 4.4% following concerns the delta variant of the Covid-19 virus could stall the recovery in the sector.

  • Johnson & Johnson (NYSE:JNJ) stock fell 0.9% after Reuters reported that the drugmaker is exploring a plan to offload liabilities from widespread baby powder litigation into a newly created business that would then seek bankruptcy protection.

  • Exxon Mobil (NYSE:XOM) stock fell 3.2%, Chevron (NYSE:CVX) stock fell 2.6% and Marathon Petroleum (NYSE:MPC) stock fell 3.1% after oil prices slumped upon major oil producers coming to an agreement to lift supply to the wider market.

  • Pershing Square Tontine Holdings (NYSE:PSTH) stock fell 0.3% after investor Bill Ackman’s SPAC pulled out of a deal to buy 10% of Vivendi’s Universal Music Group.

  • Cal-Maine Foods (NASDAQ:CALM) stock fell 0.5% after the country’s largest egg producer posted an unexpected quarterly loss, with revenues hit by lower egg prices.

  • BioNTech (NASDAQ:BNTX)stock fell 2.2% after the drug maker announced it was acquiring a production site and a research and development platform from a subsidiary of U.S. biotech company Gilead (NASDAQ:GILD).
Zoom, Facebook and Delta Air Lines Fall Premarket
 

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Comments (4)
Wasiq Ali
Wasiq Ali Jul 19, 2021 9:48AM ET
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its okay
Md Lazim Khan
Md Lazim Khan Jul 19, 2021 9:29AM ET
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Thank's ok
Atena Kakhki
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that's ok
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Vishal Khajuria Jul 19, 2021 9:13AM ET
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hlo atena
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Vishal Khajuria Jul 19, 2021 9:13AM ET
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Mahir Magtaie Jul 19, 2021 9:08AM ET
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hi okay
 
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