By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, September 24th. Please refresh for updates.
Nikola (NASDAQ:) stock slumped 10%, following on from Wednesday’s 25% drop after the Wall Street Journal reported that the electric-truck maker’s discussions with major energy firms over hydrogen refueling stations have stalled. The Securities and Exchanges Commission is investigating fraud allegations made in a recent short seller’s report, which led to the resignation of its founder and chairman Trevor Milton.
Jefferies (NYSE:) stock rose 9.6% after the financial services firm posted strong third-quarter earnings results late Wednesday, and increased its stock buyback program to $250 million.
Tesla (NASDAQ:) stock fell 3.2%, extending Wednesday’s fall after the company’s “Battery Day” announcements failed to impress the investment community.
- BlackBerry (NYSE:) stock rose 7.9% after posting strong results, helped by strong demand for its security and car software
Walt Disney (NYSE:) stock rose 0.1% after the entertainment giant postponed almost all of its films scheduled for release in 2020, including Marvel’s Black Widow, due to the coronavirus crisis.
JPMorgan Chase (NYSE:) stock rose 0.3% after Bloomberg reported that the banking giant is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities.
- Goldman Sachs (NYSE:) stock rose 1.3% after UBS upgraded its investment stance to “buy”, saying Goldman could benefit further from election-related volatility.
Rite Aid (NYSE:) stock rose 1.1% after the drugstore chain said its loss narrowed for the August quarter as sales rose amid the Covid-19 pandemic.
- FedEx (NYSE:) stock rose 1.2% after the financial information and services provider beat expectations amid strong demand during these volatile conditions.
Goodrx (NASDAQ:) stock will be in the spotlight after soaring more than 50% in the trading debut after a successful IPO.
Accenture (NYSE:) stock fell 5.5% after its revenue figures for the quarter disappointed, hurt by a drop in reimbursable travel revenue it earned from clients.
Penn National Gaming (NASDAQ:) stock fell 7.5% after the online gaming company launched a public offering of 14 million shares, representing just over 10% of the shares outstanding.
EW Scripps (NASDAQ:) stock rose 67% after the broadcasting company announced it will buy entertainment firm ION Media in a $2.65 billion deal.
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