Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more
Discover the latest buzz from the corporate world following the release of Q3 figures.
Tesla – Soaring high, Tesla observed a nearly 13% share uptick following an impressive third-quarter profit report. The Electric Vehicle giant, steered by CEO Elon Musk, also forecasts a 20% to 30% jump in vehicle sales in the upcoming year.
United Parcel Service – UPS has added a 7% increase to its share value following the release of its Q3 earnings and revenue report, outperforming LSEG consensus estimates with earnings of $1.76 per share on revenue of $22.25 billion.
Lam Research – The semiconductor equipment producer noted a 6% surge in its share value after its Q1 results surpassed Wall Street’s anticipations. Earnings came in at 86 cents per share on $4.16 billion in revenue.
Seadrill – The company’s shares experienced a boost of over 9% on the back of merger discussions with rival Transocean, reported by Bloomberg News. However, no deals have been finalized yet.
Newmont – The company’s shares saw a drop of over 4% after its Q3 earnings report fell short of expectations.
QuantumScape – The lithium battery manufacturer’s shares jumped over 17% as Q3 results met predictions.
T-Mobile – The telecom giant’s stock rose over 2% following a better-than-expected Q3 result.
Boeing – The company’s share decreased by 3.7% after machinists refused a new labor pact, prolonging the strike into its fifth week.
Mattel – The toymaker’s stock increased by 2.1% even after mixed Q3 results.
Honeywell fell about 2% after Q3 revenue missed expectations.
Northrop Grumman – The defense firm saw a 1% share hike after Q3 earnings exceeded estimates.
Southwest Airlines – The company’s shares climbed 1% following a strong Q3 earnings report.
Molina Healthcare – The shares of the managed care company jumped 10% as it posted Q3 figures exceeding analyst estimates.
IBM – The company’s shares fell more than 3% after disappointing Q3 revenue figures.
Whirlpool – The home appliance company’s shares rose 4% as it outperformed expectations with its Q3 results.
American Airlines – Despite beating Street estimates for Q3, the company’s shares dropped by 3%.
