Twitter, Carnival and General Motors Rise Premarket; Carvana, First Solar Fall
2022.04.05 15:10
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Tuesday, April 5th. Please refresh for updates.
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Twitter (NYSE:TWTR) stock rose 0.9% after new investor Elon Musk immediately carried out a poll of his 80 million followers on whether to introduce an edit button, a measure that social media giant’s own management has resisted.
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Carnival (NYSE:CCL) stock rose 4.7% after the cruise operator reported its highest booking week in its history, helping peers Norwegian Cruise Line (NYSE:NCLH) and Royal Caribbean (NYSE:RCL) stock both gain well over 3%.
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Exxon Mobil (NYSE:XOM) stock rose 0.1% and Chevron (NYSE:CVX) stock gained 0.1% after crude prices extended their rally on fears of tighter global supply.
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General Motors (NYSE:GM) stock rose 1.5% after the U.S. auto giant announced a plan to partner with Honda to develop a series of affordable electric vehicles.
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Nio (NYSE:NIO) ADRs rose 2% after the Financial Times reported that the Chinese electric car maker is speaking with peers about licensing its battery swapping technology.
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Carvana (NYSE:CVNA)stock fell 3.7% after RBC downgraded its investment stance on the online used car retailer to ‘sector perform’ from ‘outperform’, citing the potential difficulty in integrating its recent purchase of car auction company Adesa.
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First Solar (NASDAQ:FSLR) stock fell 5% after Bank of America downgraded its stance on the manufacturer of solar panels to ‘underperform’ from ‘neutral’, saying growth estimates may be too optimistic.
- Farfetch (NYSE:FTCH) stock rose 1.8% after the luxury retailer said it will make an investment of up to $200 million in Neiman Marcus Group to support online growth at the high-end department store chain.
