Stocks - Ford, Uber, Coty Rise Premarket; Qudian, HP Slump
Investing.com - Stocks in focus in premarket trading on Monday:
Ford Motor Company (NYSE:F) stock gained 1.2% in premarket trade by 8:30 AM ET (11:30 GMT) after the United Auto Workers union struck a four-year labor deal with the car company. The deal largely mirrors the one secured with General Motors (NYSE:GM) last month.
Uber (NYSE:UBER) stock was up 0.5% on reports that Chairman Ronald Sugar is buying up shares in the ride-sharing company.
Coty (NYSE:COTY) stock rose 6.3% after announcing it will pay $600 million for a 51% stake in Kylie Jenner's Cosmetics and Skin businesses, creating a strategic partnership whose creative and communications activities will still be steered by Jenner and her team.
Coty (NYSE:COTY) stock rose 6.3% after announcing it will pay $600 million for a 51% stake in Kylie Jenner's Cosmetics and Skin businesses, creating a strategic partnership whose creative and communications activities will still be steered by Jenner and her team.
Qudian (NYSE:QD) stock slumped 10% after the Chinese lender cut its full-year outlook and its earnings for the last quarter missed forecasts.
HP Inc (NYSE:HPQ) stock slipped 0.8% on reports that it rejected Xerox's takeover bid of $22 a share.
FedEx (NYSE:FDX) stock was flat as it pushed back against a New York Times article from Sunday saying that the company doesn’t pay any tax. FedEx CEO Federick Smith challenged the paper’s leadership to a public debate in Washington over the issue.
Barrick Gold (NYSE:GOLD) stock inched up 0.1% after it said it agreed to sell its 50% stake in Kalgoorlie Consolidated Gold Mines to Saracen Mineral Holdings for $750M.
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