Today's Pre-Market Stock Movers: WWE, BBBY, TSLA, SI and More

Movers and Shakers wrote a column · Jan 6, 2023 07:30

Gapping up

$World Wrestling Entertainment(WWE.US)$ +9.7% (Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal.)

$Lululemon Athletica(LULU.US)$ +1.8% (The company received an upgrade to overweight from equal weight by Wells Fargo, which cited its momentum and attractive share price.

$Sunrun(RUN.US)$ +1.71%, $Sunnova Energy International(NOVA.US)$ +4%, $First Solar(FSLR.US)$ +1.34%(Shares of the solar companies were upgraded by Wells Fargo to overweight from equal weight. Analysts cited an improved regulatory backdrop in 2023 and long-term tailwinds, including ESG mandates and government and corporate de-carbonization goals.)

Gapping down

$Bed Bath & Beyond Inc(BBBY.US)$ -12.4% (Its management said the company is low on cash and considering bankruptcy. KeyBanc dropped its price target to the stock from $2 to 10 cents, citing the concern of bankruptcy and weak fundamentals.)

$Tesla(TSLA.US)$ -6.4% (The electric-vehicle maker lowered prices for its Model 3 and Model Y vehicles in China.)

$Silvergate Capital(SI.US)$ -14% (The crypto-focused bank added to its Thursday losses following a downgrade from JPMorgan to neutral from overweight. The firm cited Silvergate's worse-than-expected deposit outflows and called into question the company's long-term profitability. )

$Costco(COST.US)$ -1% (The company reported solid sales number for December. Costco reported net sales of $23.8 billion in December 2022, an increase of 7% year over year.)

$Discover Financial Services(DFS.US)$ -1.5% (The consumer finance stocks were under pressure after being downgraded by Barclays to equal weight from overweight. Barclays analyst Mark Devries said in a note that these stocks are likely to fall if the economy enters a recession. )

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

Translate

Report

70K Views

Comment

Movers and Shakers

Moomoo Official Account

Chasing hot stocks

41KFollowers

15Following

34KVisitors