Stocks - Citigroup, Facebook, Visa, Mastercard Fall in Premarket, PG&E Crashes
Investing.com - Stocks in focus in premarket trade Monday:
• Citigroup (NYSE:C) stock fell 0.65% by 8:15 AM ET (13:15 GMT) after the bank reported weaker-than-expected revenue for the fourth quarter.
• PG&E (NYSE:PCG) stock crashed 41.10% after the company announced plans to file for Chapter 11 bankruptcy on or about Jan. 29. The company’s chief executive officer stepped down over the weekend.
• Gannett (NYSE:GCI) stock jumped 19.38% as The Wall Street Journal reported that its shareholder Digital First Media was planning to push the company to put itself up for sale and would also make an offer at $12 per share.
• Goldcorp (NYSE:GG) stock soared 9.08% as Newmont Mining (NYSE:NEM) announced that it would acquire the company in a deal valued at $10 billion.
• Sears Holdings (OTC:SHLDQ) stock could see movement in the regular session as the company starts analyzing bids for its assets and weighing the benefits against the $5 billion offer from chairman Eddie Lampert.
• Visa (NYSE:V) stock and Mastercard (NYSE:MA) stock lost 1.09% and 0.97%, respectively, as China’s central bank refused to acknowledge applications that would permit the companies to process renminbi payments.
• Stage Stores Inc (NYSE:SSI) stock may see downside in the regular session after the company suspended its quarterly dividend as part of its strategy to convert approximately 220 additional department stores to Gordmans off-price stores by the middle of 2020.
• Facebook (NASDAQ:FB) stock declined 1.00% as Germany’s antitrust regulator planned to order the company to stop gathering some user data, according to Bild am Sonntag newspaper.
• Aurora Cannabis Inc (TO:ACB) gained 2.98% after the company announced its intentions to acquire Whistler Medical Marijuana.
• Crocs Inc (NASDAQ:CROX) stock rose 3.36% after it lifted its fourth-quarter revenue guidance above consensus expectations.
Related Articles
Stock futures down on Morgan Stanley results, trade worries
Stocks - Morgan Stanley, CSX, Aurora Cannabis Slump in Premarket, PG&E Jumps
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.49%
