An AMC Theatre on March 29, 2023 in New York Metropolis. AMC Leisure shares jumped as a lot as 13%, following a report that Amazon was seeking to purchase the theater chain.
Leonardo Munoz | Corbis Information | Getty Pictures
Take a look at the businesses making headlines in morning buying and selling.
AMC Leisure — Shares popped 37% after a decide on Friday denied a proposed settlement associated to AMC Leisure’s plan to transform most well-liked shares into frequent inventory. The corporate mentioned it has filed a revised inventory plan. Most well-liked shares misplaced about 2% earlier than the bell.
Domino’s Pizza — The inventory misplaced practically 4% in premarket buying and selling after Domino’s reported combined quarterly outcomes. The corporate reported earnings of $3.08 a share on $1.02 billion in income. Analysts surveyed by Refinitiv had regarded for EPS of $3.05 on revenues of $1.07 billion.
Mattel — The toymaker gained 1.5% after the film based mostly on one in all its dolls, Barbie, posted robust opening weekend field workplace numbers. Warner Bros. Discovery, the guardian of the studio that made the movie, rose 0.9%.
Tesla — The electrical car inventory misplaced greater than 1% after UBS downgraded shares to an underweight ranking, saying that the current uptick absolutely accounts for the demand increase prompted by current worth cuts.
American Specific — The monetary providers inventory misplaced practically 2% earlier than the bell after Piper Sandler downgraded shares to underweight and trimmed its worth goal. The agency cited issues over the corporate hitting its income and revenue development targets.
UPS — Shares misplaced greater than 1% earlier than the bell as roughly 340,000 staff put together to go on strike nationwide.
Shopify — The e-commerce inventory popped 2.5% after MoffettNathanson upgraded shares to an outperform ranking, saying that Shopify’s enterprise enterprise is approaching an inflection level.
Chevron — Shares jumped 0.5% after Chevron introduced long-time firm veteran Eimear Bonner would grow to be the subsequent chief monetary officer subsequent yr. The corporate reported preliminary second-quarter earnings outcomes Sunday night. Chevron posted adjusted earnings of $3.08 a share, which topped analysts’ estimates.
— CNBC’s Alex Harring and Hakyung Kim contributed reporting