Stock Groups

PepsiCo, Facebook And J&J Rise Premarket; Lordstown Motors Slumps By


© Reuters.

Peter Nurse — Premarket Trade on Tuesday October 5th: Stocks In Focus For the latest updates, please refresh.

  • Facebook (NASDAQ:) stock rose 1.2%, rebounding after losses of nearly 5% during the previous session on the back of a six-hour outage, the longest in the social media giant’s history. Frances Haugen, a whistleblower from Frances Haugen will testify against the company before Congress on Tuesday.

  • PepsiCoThe stock of (NASDAQ:) rose by 1% following the increase in revenue for full-year forecasts. As Covid-19’s social distancing measures were eased, the public opening of venues such as theaters or restaurants was a boost.

  • TeslaStock rose 0.7% on Monday after sharp losses in technology sector. An award for more than $130,000,000 in damages is due to the electric car company in a case involving racial harassment.

  • Johnson & Johnson(NYSE) Stock rose 0.5% after the drugmaker filed for an emergency use authorization to give a booster shot of Covid-19 in patients aged 18 or older.

  • Columbia Sportswear (NASDAQ:) stock fell 1.7% after Bank of America (NYSE:) downgraded its investment stance to ‘neutral’ from ‘buy’, citing supply chain issues in Asia, including factory closures in Vietnam.

  • SunPowerThe stock price of (NASDAQ) rose 1.7% after the company announced plans to restructure to concentrate on residential markets. It also intends to purchase rival Blue Raven (NASDAQ) and sell its industrial and commercial businesses.  

  • Lordstown Motors (NASDAQ:) stock slumped 9.4% after Morgan Stanley (NYSE:) downgraded its investment stance to ‘underweight’ from ‘equal weight’, cutting its price target to just $2 from $8. Concerns about Ohio’s electric vehicle maker’s sale price were raised by the bank.


Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.