Tesla, Abbott, McDonald’s Fall Premarket; Twitter Gains
2022.06.16 15:16
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, June 16. Please refresh for updates.
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Tesla (NASDAQ:TSLA) stock fell 4.5% after the electric car manufacturer raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues.
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Twitter (NYSE:TWTR) stock rose 1.6% after the Wall Street Journal reported that billionaire Elon Musk is expected to reiterate his desire to own the social media giant when he speaks to its employees later Thursday.
- Abbott Laboratories (NYSE:ABT) stock fell 2% after the company was forced to halt production of the EleCare specialty baby formula at its plant in southwestern Michigan after thunderstorms and heavy rains flooded parts of the facility.
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McDonald’s (NYSE:MCD) stock fell 1.5% after the burger chain agreed to pay around $1.3 billion in fines and back taxes to settle a tax dispute in France.
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Ferrari (NYSE:RACE) stock fell 2.6% after the sports-car maker announced new long-term plans to electrify its fleet, trying to shift the focus of the business away from traditional combustion engines.
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Revlon (NYSE:REV) stock fell 4.4% after the debt-laden cosmetics company filed for Chapter 11 bankruptcy protection late on Wednesday.
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Boeing (NYSE:BA) stock fell 1.2% but Citigroup has upgraded its stance on the aircraft manufacturer to ‘buy’ from ‘neutral’, saying it’s a “valuable investment opportunity” should the company’s commercial aircraft programs maintain the projected levels.
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Dollar General (NYSE:DG) stock fell 1.1%, weighed by the weak overall market despite Morgan Stanley upgrading its stance on the discount chain to ‘overweight’ from ‘equal weight’, saying the company could prosper in a recession.
