Stocks making the biggest moves premarket: Nvidia, Unilever, Coinbase and more
March 19, 2024 at 8:30 am - by Editor Prism MarketView
Catch the latest buzz from Wall Street before the market opens.
- The semiconductor’s shares contracted by 1.7% as the market reacted to the recent unveiling of their new AI chips. An optimistic outlook by several Wall Street analysts lifted their price target following the event.
- The rival chipmaker’s shares nosedived over 3% pre-market, following Nvidia’s announcement of a new generation of AI chips at their developers convention in San Jose, California.
- Gaining 2.7%, the consumer products behemoth announced its plan to divest its ice cream division, including brands like Ben & Jerry’s and Magnum. This strategic decision is expected to affect approximately 7,500 jobs.
- Crypto stocks took a hit on Tuesday, with shares of Coinbase and Riot Platforms plunging around 5% each as bitcoin values stumbled in overnight trading.
- The entertainment giant’s shares dipped slightly under 1% after news broke that George Lucas, the most significant individual investor in Disney, is supporting Disney’s CEO, Bob Iger, in a dispute with activist investor Nelson Peltz.
- The tech company’s shares plummeted over 10% after an announcement regarding a new stock offering of 2 million shares. Goldman Sachs has been appointed as the underwriter for the deal.
- The Chinese internet company’s shares saw a minor increase of less than 1% following its Q4 earnings report. While the paying user base surged over 20% YoY, the overall revenue showed a downward trend.
- The software firm’s shares tumbled 13% after missing earnings expectations. The Q4 earnings per share stood at 10 cents, falling short of the 15 cents forecast by StreetAccount analysts. The full-year revenue guidance also leaned towards the lower end of Wall Street forecasts.
