Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023.
Mario Tama | Getty Images
Discover the companies grabbing attention prior to the market open.
AstraZeneca — Shares surged 1.4% following an upgrade from Jefferies to buy from hold. The upgrade is motivated by positive results in a late-stage trial of one of its breast cancer therapies, developed in collaboration with Daiichi Sankyo.
Urban Outfitters, Foot Locker — Urban Outfitters shares tumbled 4%, while Foot Locker declined 2.9% pre-market, as Jefferies downgraded them from buy to hold. Analysts suggest consumer spending pullbacks could impact the companies.
Dow — During premarket trading, shares of the petrochemicals company climbed 1.6% after JPMorgan upgraded the stock to overweight from neutral. The upgrade is based on the potential upside resulting from higher oil prices.
Nike — Jefferies downgraded the athletic retailer from buy to hold, causing a 1.6% decline in their shares. The downgrade is due to wholesale pressures and macro headwinds in China.
Opendoor Technologies — After Citi reduced its price target on Opendoor to $2.70 per share from $3.90, the real estate company’s shares dropped by more than 6%. The low inventory of preexisting homes on the market raises concerns about Opendoor. Despite the large percentage changes, the stock’s trading price below $3 per share contributes to the appearance of even greater volatility.
Chinese e-commerce stocks — U.S.-traded shares of JD.com and PDD HoldingsFollow Google News
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
