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BAC
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JPM
+0.76%
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DBKGn
+0.79%
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BBBY
-18.05%
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LUV
+0.82%
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TSLA
-2.97%
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SHEL
+2.43%
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WWE
+18.18%
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SI
-9.23%
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TFMBMc1
-3.41%
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By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Friday, January 6th. Please refresh for updates.
Tesla (NASDAQ:TSLA) stock fell 6.2% after the electric car manufacturer cut its prices in China for the second time in less than three months, stoking expectations of a wider price war in the world’s largest auto market.
Bed Bath & Beyond (NASDAQ:BBBY) stock slumped 12% after the troubled retailer said Thursday it was running out of cash and was exploring options, including bankruptcy.
Silvergate Capital (NYSE:SI) stock fell over 11% after JPMorgan downgraded its stance on the crypto bank to ‘neutral’ from ‘overweight’, saying mounting withdrawals are a cause for concern.
World Wrestling Entertainment (NYSE:WWE) stock rose 10% after former chief Vince McMahon said he intends to return as executive chairman to involve himself in the company’s media rights negotiation process and review of strategic alternatives.
Shell (NYSE:SHEL) ADRs rose 0.4% after the energy giant said it had a strong fourth quarter for gas trading, despite the sharp fall in natural gas, and thus will pay an additional $2 billion in taxes in the fourth quarter.
Bank of America (NYSE:BAC) stock fell 0.7% and JPMorgan Chase (NYSE:JPM) stock fell 0.8% after Deutsche Bank downgraded its stance on both banking rivals, citing weakening fundamentals.
Southwest Airlines (NYSE:LUV) stock fell 2.5% after the carrier revised its fourth quarter forecast to net loss from “strong profit” after a technological meltdown forced it to cancel thousands of flights over the festive period.
Source: Investing.com
