Stock Groups

GE, Roblox Rise Premarket; Robinhood, TripAdvisor Fall -Breaking

by Mike Robinson

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© Reuters.

Peter Nurse 

Investing.com — Focus on stocks in premarket trading Tuesday, November 9th. For the latest updates, please refresh.

  • General Electric Stock in (NYSE: ) increased 6.9% upon the announcement of an industrial conglomerate dividing into three units that will focus on healthcare, energy and aviation. The company plans to split the healthcare and energy units by the end of 2023.

  • Robinhood (NASDAQ:) stock fell 3.6% after the trading app revealed a data security breach which saw “a limited amount of personal information” being compromised.

  • AMC EntertainmentStock fell 4.8% on the NYSE after the chain of movie theatres posted a narrower profit and higher than expected revenue, however its third-quarter results indicated that it was still far below pre-pandemic levels. 

  • MerckStock in (NYSE: ) rose 0.9% on the news that Covid-19 has been purchased by the U.S. Government.

  • TripAdvisorStock fell 7.7% in NASDAQ after travel-booking giant TripAdvisor missed its third-quarter forecasts. Stephen Kaufer (co-founder) is set to step down following two decades.

  • DR HortonStock rose 0.8% on the NYSE after the homebuilder reported a 65% increase in its quarterly profit Tuesday. This was due to record-high property values.

  • PayPalThe stock of (NASDAQ.) fell 5.1% following a poor revenue forecast from the financial services firm for 2022. It also announced it was partnering up with Amazon (NASDAQ.) in order to offer customers Venmo.

  • Palantir TechnologiesStock fell by 3% in the NYSE. This was despite the fact that data analytics company reported a strong rise in third-quarter revenues due to securing more contracts with government agencies and commercial agreements. Over the past 12 months, the stock has risen more than 90%.

  • RobloxStock in (NYSE: ) surged 25% as the online platform for gaming reported strong results from the third quarter. This was despite increased user activity and the removal of restrictions due to pandemics. 

  • Zynga(NASDAQ) Stock rose 6.1% in the wake of strong performance by mobile games developer Mobile Games Developer, thanks to demand for “FarmVille”.

  • CoinbaseStock rose 2.2% due to cryptocurrency exchange bitcoin benefitting from the rise of digital currency, which is now at an all time high.     

 

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