Check out the companies making headlines before the market close:
tesla (TSLA) – Tesla rose 1.6% in premarket trading after falling for seven straight days and 10 of the past 11 sessions. Baird lowered his price target on Tesla to $252 a share from $316 a share, but continued to rate the stock an outperform.
AMCEntertainment (AMC) – Shares of AMC Entertainment rose 1.2% in premarket trading after Chief Executive Officer Adam Aron asked the movie theater chain’s board to freeze his salary. He also urged other AMC executives to do the same.
Southwest Airlines (LUV) – Southwest Airlines fell 1.3% in premarket action as it continued to cancel flights in an effort to return to a normal schedule. Southwest has canceled thousands of flights over the past week and limited bookings for days ahead following a severe winter storm.
Nvidia (Nvidia), Micron Technology (MU) – These and other semiconductor stocks remain in focus as investors focus on a chip oversupply. That’s in stark contrast to global shortages when demand surged during the pandemic.
apple (AAPL) – Apple Inc was slightly higher in premarket trading after Tuesday’s close, its lowest point since June 2021. Apple has fallen in the past three days and eight of the past nine sessions.
Lyft (LYFT) – The ride-hailing company remains in the spotlight after it closed below $10 a share for the first time since it went public in 2019. The company rebounded 1.1% in premarket trading.
General Electric (GNRC) – The power equipment maker has a Buy rating from Janney Montgomery Scott’s new coverage with a $160 price target, representing a 76% upside from current levels. Generac is the worst performing stock on the S&P 500 in 2022, down 74.1%.