JPMorgan, PayPal, Bed Bath & Beyond Fall Premarket; Delta Rises
2022.04.13 15:26
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Wednesday, April 13th. Please refresh for updates.
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JPMorgan Chase (NYSE:JPM) stock fell 3% after the investment bank reported a fall in first quarter earnings, hurt by a slowdown in deal-making brought on by the Ukraine conflict and a decline in trading revenue.
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Delta Air Lines (NYSE:DAL) stock rose 6% after the carrier reported a quarterly loss, but forecast a return to profit in the current quarter as airline travel demand reaches record heights.
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Alphabet (NASDAQ:GOOGL) stock rose 0.5% after the tech giant’s Google unit said it plans to invest about $9.5 billion across its U.S. offices and data centers this year, up from $7 billion last year, a sign of confidence in its growth.
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Walmart (NYSE:WMT) stock rose 0.2% after the world’s largest retailer appointed John Rainey, the finance head at PayPal (NASDAQ:PYPL), down 3.5%, as its new chief financial officer.
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BlackRock (NYSE:BLK) stock rose 0.4% after the world’s largest asset manager posted a better-than-expected quarterly profit, benefiting from investors pouring more money into its various exchange-traded and active funds.
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Peloton (NASDAQ:PTON) stock rose 1.1% after activist investor Blackwells Capital reiterated its desire for a new CEO as well as for the connected fitness company to consider a sale.
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Bed Bath & Beyond (NASDAQ:BBBY) stock fell 8.5% after the home goods retailer posted a surprise loss in the fourth quarter after it ran low on inventory, meaning it missed out on about $175 million in sales.
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Antares Pharma (NASDAQ:ATRS) stock soared 48% after the pharmaceutical company agreed to be acquired by Halozyme (NASDAQ:HALO) for $960 million.
