🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Stocks - Lyft, GM Rise Premarket; Slack, Mallinckrodt Tumbles

Published 09/05/2019, 08:27 AM
Updated 09/05/2019, 08:49 AM
© Reuters.
GM
-
DBKGn
-
IBM
-
AET
-
CVS
-
MNKKQ
-
CLDR
-
LYFT
-
WORK
-

Investing.com - Stocks in focus in premarket trading on Thursday:

• Slack (NYSE:WORK) stock slumped 14.2% in premarket trade by 8:25 AM ET (12:25 GMT) after it forecast a slightly larger-than-expected loss per share for the fiscal third-quarter in its first earnings report since the company went public. The shares have fallen nearly 20% since the initial public offering.

Mallinckrodt (NYSE:MNK) stock slumped 45% after Bloomberg reported late on Wednesday that the group is considering filing for bankruptcy protection as it prepares to face a wave of opioid-related lawsuits.

• Enterprise software group Cloudera (NYSE:CLDR) stock surged 12.5% after its earnings came in better than expected, helped by a record contribution from its partnership with IBM (NYSE:IBM).

• LYFT (NASDAQ:LYFT) stock gained 3.3% after Deutsche Bank (DE:DBKGn) initiated coverage to buy, pointing to “robust” second-quarter results, CNBC reported.

• CVS Health (NYSE:CVS) stock rose 2.2% after a district judge approved a settlement with the Justice Department allowing it to complete its acquisition of insurer Aetna (NYSE:AET).

• General Motors (NYSE:GM) stock inched up 0.7% ahead of CEO Mary Barra’s meeting with President Donald Trump to discuss trade, contracts, and fuel efficiency standards. Trump criticised GM last week for its operations in China.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.