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Monday, January 30, 2023

Tesla, Carnival, AMC Entertainment rise premarket; Southwest falls

Tesla, Carnival, AMC Entertainment rise premarket; Southwest falls
© Reuters.

 

WYNN
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LUV
-2.64%

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TSLA
+2.50%

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ABB
-0.16%

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CCL
+0.39%

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AMC
-1.99%

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By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Wednesday, December 28th. Please refresh for updates.

Tesla (NASDAQ:TSLA) stock rose 3.1%, rebounding after dropping 11% Tuesday on reports the electric car manufacturer was planning to run a reduced production schedule in January at its Shanghai plant. The stock has still lost more than half its value since the start of October.

Southwest Airlines (NYSE:LUV) stock fell 1% after the carrier warned of further cancellations, drawing the wrath of the U.S. government, following the scrapping of nearly two-thirds of its flights Tuesday.

ABB (NYSE:ABB) stock rose 0.2% after the Swiss engineering and technology group completed the sale of its remaining 19.9% stake in the power grids business it sold to Hitachi (TYO:6501), netting $1.4 billion.
Carnival (NYSE:CCL) stock rose 1.4%, continuing last week’s positive tone after the cruise operator posted a smaller-than-expected quarterly loss.
Wynn Resorts (NASDAQ:WYNN) stock rose 0.9%, helped by Hong Kong following China in removing COVID restrictions, potentially boosting the casino operator’s visitors to Macau.
AMC Entertainment (NYSE:AMC) stock rose 1% after the movie theater chain’s CEO Adam Aron asked the board to freeze his compensation next year because of a sharp drop in the company’s shares.

Source: Investing.com

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