Stocks - Wells Fargo, Gilead and Blackberry Rise in Pre-market
Investing.com - Stocks in focus in premarket trade Friday:
Wells Fargo (NYSE:WFC) stock was up 2.2% by 8:15 AM ET (12:15 GMT) on news that CEO Tim Sloan is stepping down as it bank struggles to put its fake account scandal behind it. General counsel C. Allen Parker has been named as interim CEO while an external search for a permanent replacement goes on.
Gilead Sciences (NASDAQ:GILD) stock rose 2.2% after successful results from a clinical trial of rheumatoid arthritis drug filgotin. Galapagos (NASDAQ:GLPG), with whom it partnered for the drug, leaped 14%.
BlackBerry (NYSE:BB) stock jumped 8% after it reported a fourth-quarter net profit of $0.08 per share. Software and services revenue hit $248 million during the quarter.
Tesla (NASDAQ:TSLA) stock eked out a 0.1% gain despite a note from JPMorgan (NYSE:JPM) cutting its price target to $215 due to delays in shipments of the Model 3 to China and Europe.
Mondelez (NASDAQ:MDLZ) stock gained 0.9% on reports that it is in advanced talks to acquire brands being sold by Campbell Soup, Bloomberg reported.
New Age Beverages (NASDAQ:NBEV) stock rose 8.3% after it reported fourth-quarter revenue growth of 24%.
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