Investing.com - Stocks in focus in premarket trading on Tuesday:
• Kraft Heinz (NASDAQ:KHC) stock fell 2.9% in premarket trade by 8:20 AM ET (12:20 GMT) after 3G Capital Partners sold 25.2 million shares at $28.44 - a 2% discount to Monday's close. Kraft director Jorge Lemann bought 3.5 million shares at $28.60 per share, according to an SEC filing.
• Anheuser Busch Inbev (NYSE:BUD) stock rose 1.4% as the company revived plans to list its Asia-Pacific business. It's planning to raise up to $6.6 billion through an initial public offering for the unit, valuing it at up to $50.7 billion, according to various reports.
• Corning (NYSE:GLW) stock slumped 8.8% after the glass and optical component maker cut its sales forecast for TV and cable parts, due to cutbacks at several major telecommunication companies.
• Shopify (NYSE:SHOP) declined 5% after the company announced a secondary stock offering of 1.9 million shares in an attempt to strengthen its balance sheet.
• SeaWorld Entertainment (NYSE:SEAS) stock fell 1.9% after its CEO Gustavo Antrocha resigned after only seven months on the job.
• Home Depot (NYSE:HD) stock slipped 1.1% after it was downgraded to ‘neutral’ from ‘buy’ by analysts at Guggenheim Securities, who noted an increase in the company’s spending and expenses next year as the reason for the downgrade.