Prism PreMarket Stock moves : Albemarle, Deckers Outdoor, GoodRx, Nvidia and more
Dive into the companies that are stealing the limelight in premarket trading.
— The stock of the chip manufacturer saw a slight dip of less than 1% prior to the market opening. However, the AI powerhouse and leader of the “Magnificent Seven” officially crossed into correction zone on Tuesday. The shares have seen a 10% drop from their record closing high of $950 per share on March 25.
— The stock of this China-based e-commerce giant surged close to 3% following media reports of an internal memo from co-founder Jack Ma praising the company’s management. Ma’s message also highlighted the AI potential.
— A Bank of America upgrade to ‘buy’, backed by increasing lithium prices, saw the chemical manufacturing firm’s shares rise by roughly 2% and bringing along a revised price target.
— The telemedicine stock witnessed an almost 4% jump after KeyBanc upgraded it to ‘overweight’, prompted by a promising subscriber growth prediction.
— The shoe company’s shares suffered a dip of over 2% following a downgrade to ‘hold’ by Truist due to mounting concerns over decreasing demand for core products including Hoka.
— The airline’s stock saw a 4% upswing in the premarket after reporting an adjusted earnings per share of 45 cents for Q1, exceeding expectations by 9 cents, as reported by LSEG. CEO Ed Bastian spoke to CNBC, indicating strength in both leisure and business travel ahead of the peak travel season.
Taiwan Semiconductor Manufacturing
— The chip manufacturer’s shares witnessed a 2% rise on account of heightened demand for AI-operated chips contributing to a substantial 34.3% year-on-year growth in the company’s monthly revenue for March.
