Stocks - Tesla, AT&T, Amazon, Facebook Rise in Premarket
Published Mar 04, 2019 08:30AM ET
Investing.com - Stocks in focus in premarket trade Monday:
• Tesla (NASDAQ:TSLA) stock traded up 1.39% by 8:23 AM ET (13:23 GMT) as Chief Executive Elon Musk said the company will reveal a new SUV, dubbed the Model Y, on March 14. Separately, the company was also under scrutiny after news that U.S. authorities were investigating a fatal Model S crash in Florida last Sunday.
• AT&T (NYSE:T) stock rose 0.94% amid reports that the man it has installed at the head of WarnerMedia is planning to revamp CNN’s digital operations, likely to involve heavier investment in apps and in tailoring content distribution more precisely to individual users' tastes.
• Nightstar Therapeutics (NASDAQ:NITE) stock surged 66.95% after Biogen (NASDAQ:BIIB) agreed to acquire the company for $25.50 a share for a total transaction value of around $877 million.
• Vale (NYSE:VALE) stock slumped 4.52% after the company’s chief executive Fabio Schvartmans and several other senior executives resigned over the fatal collapse of a tailings dam. The company could face a nearly $7 billion fine if convicted of colluding with safety auditors to hide the dangerous conditions at the collapsed damn.
• Amazon.com (NASDAQ:AMZN) stock rose 0.91% after a Wall Street Journal report on Friday that the company plans to expand its food business by opening grocery stores across the U.S. Rivals Walmart (NYSE:WMT) and Kroger Company (NYSE:KR) were up 0.1% and 0.2%, respectively
• Lockheed Martin (NYSE:LMT) stock rose 0.49% despite reports that the Pentagon cut its plans to request F-35 jets by six to 78.
Get The News You Want
Written By: Investing.com
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.