Check out the companies making headlines ahead of time:
Tesla ( TSLA ) — Tesla rose 1.6% in a volatile premarket session, continuing Seven-day losing streak and declines in ten of the past eleven sessions. Baird cut its price target on Tesla from $316 to $252, but continues to outperform the stock.
AMC Entertainment (AMC) – AMC Entertainment rose 1.2% in premarket trading after CEO Adam Aaron told the movie theater chain’s board to freeze his pay. He urged other top AMC executives to do the same.
Southwest Airlines (LUV) – Southwest Airlines fell 1.3% in premarket action Flight cancellations continue In its struggle to return to a regular schedule. Southwest has canceled thousands of flights over the past week following a severe winter storm, and is restricting bookings for the next few days.
Nvidia (NVDA), Micron technology (MU) – These and other semiconductor stocks continue to be watched as investors focus on the oversupply of chips. This is in stark contrast to global shortages during pandemics, when demand surged.
Apple (AAPL) – Apple is slightly higher in the premarket following Tuesday’s close, its lowest since June 2021. Apple has fallen in the past three days and in eight of the past nine trading sessions.
Lift (LYFT) — The ride-hailing company’s stock is on watch after it closed below $10 a share for the first time since going public in 2019. It was up 1.1% in premarket trading.
Generic (GNRC) – Shares of the power equipment maker were rated Buy in new coverage at Janney Montgomery Scott with a price target of $160, indicating a 76% upside from current levels. Generac is the worst performer in the S&P 500 for 2022, with a 74.1% decline.
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