Stocks - FitBit, Beyond Meat Fall Premarket; Verizon, General Motors Rise
Investing.com - Stocks in focus in premarket trading on Thursday:
• Verizon Communications (NYSE:VZ) stock gained 1.1% in premarket trade by 8:20 AM ET (12:20 GMT) after its earnings came in higher than expected, as the mobile carrier added more new monthly phone subscribers than forecast.
• Fitbit (NYSE:FIT) stock plummeted 17.1% after the health and fitness device company cut its guidance for the next quarter.
• Qualcomm (NASDAQ:QCOM) stock fell 7.4% after its revenue came in below expectations.
• Amazon.com (NASDAQ:AMZN) stock inched up 0.4% after reports that it is in early-stage talks to buy a 26% stake in India’s Reliance Industries, one of the country’s largest brick-and-mortar retailers.
•Beyond Meat (NASDAQ:BYND) stock slumped 11.5% after it priced its secondary offering of 3.25 million new shares at $160 per share, 18.6% below Wednesday’s closing price.
• General Motors (NYSE:GM) stock rose 2.9% after it beat on the top and bottom line, as strong profit in North America offset a sharp drop in Chinese income.
• DuPont (NYSE:DD) stock gained 2.2% after its profit beat estimates, although revenue fell and it said it expects organic sales to fall this year.
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