Stock Groups

Tesla, Beyond Meat, Coinbase and more


Check out these premarket movers:

Tesla (TSLA) – Tesla will ask shareholders to authorize the issuance of additional sharesAccording to company tweets, the shares will be distributed at the annual meeting. The company could split its stock with the additional shares. Premarket, Tesla rose 5.4%.

Beyond Meat (BYND) – Beyond Meat slid 5.1% in the premarket after Piper Sandler downgraded the stock to “neutral” from “underweight.” Piper stresses the increased competition in plant-based substitutes for meat and lower expectations of the national impact. McDonald’s (MCD) launch.

Coinbase (COIN) – The cryptocurrency exchange operator is reportedly near a deal to buy 2TM, the parent of Brazilian cryptocurrency brokerage Mercado Bitcoin, according to a local newspaper. A local newspaper reported that a deal was close to being completed by the end April. Coinbase rose 4.2% during the premarket

Apple (AAPL) – Apple will reportedly cut planned iPhone SE output by 20% next quarter, according to a report by Japan’s Nikkei news service citing weaker-than-expected demand. Apple declined 1.2% during premarket trading.

Poly (POLY) – The communications technology company agreed to be acquired by HP Inc.(HPQ), for $40 per share. This is compared with Poly’s Friday close at $26.20 per shares. They expect that the deal closes before the end this year.

Foot Locker (FL) – The athletic footwear and apparel retailer’s stock fell 1.7% in premarket trading after Cowen downgraded it to “market perform” from “outperform.” Cowen suggested that, even though the stock is valued at a low price, investors could underestimate the possible impact of inflation.

Barclays (BCS) – Barclays lost 3.1% in premarket action after the British bank disclosed a loss of nearly $592 million stemming from mishandled bond trades. As a consequence, it said that it will delay its planned share buyback.

AMC Entertainment (AMC) – AMC CEO Adam Aron told Reuters the company would strike more “transformational” deals, following its $27.9 million investment in gold and silver mine operator Hycroft Mining(HYMC) was earlier this month. AMC added 2.2% in the premarket, while Hycroft – a microcap stock with a market value of $77.3 million as of Friday’s close – surged 32.8%.

Uber Technologies (UBER) – Uber won a new 30-month licenseLondon. The company had been in dispute with the regulators for five years regarding safety concerns. It had also lost its licence to operate twice during that time.

Hasbro (HAS) – Hasbro turned down a settlement offer with activist investor Alta Fox Capital over board nominees, according to people familiar with the matter who spoke to Reuters. Alta Fox has a 2.5% interest in the toysmaker. Both sides are currently negotiating for a way to avoid a proxy battle.