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Tuesday, August 9, 2022

GE, Roblox Rise Premarket; Robinhood, TripAdvisor Fall By Investing.com

© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Tuesday, November 9th. Please refresh for updates.

  • General Electric (NYSE:) stock climbed 6.9% after the industrial conglomerate announced that it would split into three separate units focused on aviation, healthcare and energy. It plans to spin off the healthcare unit by early 2023 and the energy unit by early 2024.

  • 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 Entertainment (NYSE:) stock fell 4.8% after the movie theater chain posted a narrower loss and higher revenue than expected, but its third-quarter results showed its results were still well below pre-pandemic levels. 

  • Merck (NYSE:) stock rose 0.9% after the drugmaker revealed the U.S. government has contracted to buy an additional 1.4 million courses of its Covid-19 pill.

  • TripAdvisor (NASDAQ:) stock fell 7.7% after the travel-booking company missed third-quarter expectations, with its co-founder and long-time chief executive, Stephen Kaufer, set to step down after two decades.

  • DR Horton (NYSE:) stock rose 0.8% after the homebuilder posted a 65% rise in quarterly profit on Tuesday, benefiting from record-high property prices.

  • PayPal (NASDAQ:) stock fell 5.1% after the financial services company issued a disappointing revenue forecast for 2022 at the same time as announcing it is teaming up with Amazon (NASDAQ:) to allow customers to use Venmo.

  • Palantir Technologies (NYSE:) stock fell 3% despite the data analytics company reporting a sharp rise in third-quarter revenue as it landed more government contracts and commercial deals. The stock is up over 90% over the last 12 months.

  • Roblox (NYSE:) stock surged 25% after the online game platform reported strong third-quarter results as user activity increased despite the easing of pandemic restrictions and back-to-school seasonality. 

  • Zynga (NASDAQ:) stock rose 6.1% after the mobile games developer produced strong results, helped by demand for its “FarmVille” franchise.

  • Coinbase (NASDAQ:) stock rose 2.2% with the cryptocurrency exchange benefiting from bitcoin, the most popular of the digital currencies, climbing to a new all-time high.     

 

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