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Friday, February 3, 2023

Tesla, Apple and Southwest rise premarket; Cal-Maine Foods falls

Tesla, Apple and Southwest rise premarket; Cal-Maine Foods falls
© Reuters

 

AAPL
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LUV
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TSLA
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CALM
-12.53%

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IMGN
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TSM
+3.48%

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By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Thursday, December 29th. Please refresh for updates.

Southwest Airlines (NYSE:LUV) stock rose 0.1%, rebounding after sharp losses although the low-cost carrier continues to scrap flights, drawing the wrath of U.S. Transportation Secretary Pete Buttigieg who stated the thousands of canceled flights indicated a system failure at the company.

Tesla (NASDAQ:TSLA) stock rose 4.5% after falls of nearly 70% this year, with CEO Elon Musk telling employees that they should not be “bothered by stock market craziness.”

Apple (NASDAQ:AAPL) stock rose 1%, bouncing after falling to its lowest since June 2021 as U.S. Treasury yields fall.
Cal-Maine Foods (NASDAQ:CALM) stock fell 4.5% after the nation’s largest egg producer reported a sharp rise in egg prices following a rise in feed costs.
Taiwan Semiconductor Manufacturing (NYSE:TSM) stock rose 1.1% after the chipmaker began mass production of its most advanced chips in southern Taiwan.
ImmunoGen (NASDAQ:IMGN) stock fell 2.7% after the biotech announced Chief Financial Officer Susan Altschuller would not be returning to the company after taking a leave of absence.

Source: Investing.com

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