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Friday, January 27, 2023

Amazon, T-Mobile rise premarket; Walgreens, Coinbase fall

Amazon, T-Mobile rise premarket; Walgreens, Coinbase fall
© Reuters.

 

AMZN
-1.02%

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STZ
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WBA
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DHR
-2.89%

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TMUS
+0.55%

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LAZR
-4.94%

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SI
-43.87%

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COIN
-11.98%

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By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Thursday, January 5th. Please refresh for updates.

Amazon (NASDAQ:AMZN) stock rose 1.3% after the online retail giant’s CEO Andy Jassy stated that its layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed.

Walgreens Boots Alliance (NASDAQ:WBA) stock fell 1.9% after the drugstore chain reported a net quarterly loss as it took a $6.5 billion opioid litigation charge.

T-Mobile US (NASDAQ:TMUS) stock rose 0.7% after the telecoms giant delivered record customer growth, adding 6.4 million postpaid customers and 2 million broadband customers in 2022.

Coinbase (NASDAQ:COIN) stock fell 6.3% after Cowen downgraded its stance on the cryptocurrency exchange to ‘market perform’ from ‘outperform’, citing the lack of clarity on trading volumes.

Silvergate Capital (NYSE:SI) stock slumped over 40% after the Wall Street Journal reported the crypto-related bank sold assets at a loss to cover at least $8B in withdrawals in the wake of the FTX debacle late last year.

Luminar Technologies (NASDAQ:LAZR) stock rose 4.7% after the lidar manufacturer announced new technology and said it met 2022 performance goals at a trade show in Las Vegas.

Danaher (NYSE:DHR) stock fell 2.4% after Credit Suisse downgraded its stance on the medical company to ‘neutral’ from ‘outperform’, as demand for COVID vaccines dwindles.

Source: Investing.com

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