Tesla, AMC, Southwest and others

Funviralpark 1 year ago 0 2

Check out the companies making headlines before the bell.

Tesla (TSLA) – Tesla is up 1.6% in the premarket in a volatile session, following a seven-day losing streak and declines in 10 of its last 11 sessions. Baird has lowered his Tesla price target to $252 a share from his $316, but the stock continues to outperform.

AMC Entertainment (AMC) – AMC Entertainment rose 1.2% in pre-market trading after CEO Adam Aron asked the cinema chain’s board to freeze salaries. He also urged other AMC executives to do the same.

Southwest Airlines (LUV) – Southwest Airlines fell 1.3% in pre-market action as it continues to cancel flights as it struggles to get back to its normal schedule. Southwest Airlines has canceled thousands of flights over the past week and limited bookings for the next few days after severe winter storms.

NVIDIA (NVDA), micron technology (MU) – These and other semiconductor stocks remain on the radar as investors focus on chip glut. This contrasts with global shortages during the pandemic, when demand surged.

apple (AAPL) – Apple is up slightly in the pre-market after Tuesday’s close, its lowest since June 2021. Apple has fallen in the last three days and eight of the last nine trading sessions.

lift (LYFT) – The ride-hailing company’s share price remains in the spotlight after closing below $10 a share for the first time since its 2019 listing. It rebounded 1.1% in pre-market trading.

Generak (GNRC) – Stocks of the power equipment maker were rated buy at a price target of $160 in new coverage at Jannie Montgomery-Scott, meaning they were up 76% from current levels. Generac was the worst performer in the S&P 500 in 2022, down 74.1%.

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