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Tesla, Voya, CarMax and Kellogg Rise Premarket

·2 min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, December 22nd. Please refresh for updates.

Kellogg (NYSE:K) stock rose 0.6% after the cereal-maker ended a damaging 11-week strike, with employees ratifying an agreement that translates into higher wages and better benefits.

Tesla (NASDAQ:TSLA) stock rose 3.8% after CEO Elon Musk indicated he had sold "enough stock" to reach his plan to sell 10% of his shares in the electric car maker. This has overshadowed the news that the U.S auto safety regulators have opened a formal safety investigation into 580,000 vehicles over the automaker's decision to allow games to be played on the front center touchscreen.

Voya Financial (NYSE:VOYA) stock rose 7.7% after the company, which helps with retirement planning, was included in the S&P MidCap 400 Index.

Caterpillar (NYSE:CAT) stock rose 1.7% after Bernstein upgraded its investment stance on the heavy machinery manufacturer to ‘outperform’ from ‘market perform’, saying the market is underestimating its long-term potential.

Apple (NASDAQ:AAPL) stock fell 0.2% despite Citigroup lifting its price target and ratings agency Moody's upgrading the iPhone maker's long-term credit rating to 'AAA', citing its "exceptional liquidity" and robust earnings.

Williams-Sonoma (NYSE:WSM) stock rose 1.4% after Loop Capital lifted its stance on the kitchen retailer to ‘buy’ from ‘hold’, saying the company is a stay-at-home play.

CarMax (NYSE:KMX) stock rose 3.1% after the used-car retailer posted another quarter of record revenue as a long waiting period for new cars, fueled by shortage of chips, kept driving consumers to its showroom and - increasingly - its website.

Darden Restaurants (NYSE:DRI) stock rose 1.7% after Stifel Financial upgraded its stance on the Olive Garden parent to ‘buy’ from ‘hold’, pointing to last week’s upbeat quarterly earnings.

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