FedEx, Uber, GE, NCR, Gap Drop Premarket

FedEx, Uber, GE, NCR, Gap Drop Premarket

Written by Peter Norse – Stocks in focus in premarket trading on Friday, Sept 16. Please update for updates.

  • FedEx NYSE stock fell: 20% after the delivery giant withdrew its financial forecasts that had been released just three months ago, expressing concerns that slowing global growth will affect shipping volumes.

  • Uber (NYSE: πŸ™‚ Stock (NYSE: 3.9%) fell after the passenger carrier said it was in contact with law enforcement agencies after a hacker claimed widespread access.
  • General Electric (NYSE): NYSE (NYSE) stock fell 4.3% after CFO Dybeck Happe said the industry group continues to face bottlenecks in the supply chain that are making it more difficult to deliver products to customers on time.
  • the difference (NYSE: πŸ™‚ (NYSE) stock fell 1.1% after Kanye West announced it was seeking to end the partnership between his Yeezy company and the apparel chain, saying it had failed to meet its contract obligations.

  • NCR (NYSE:) stock fell 17% after the tech company announced plans to separate into two independent publicly traded companies.
  • Adobe (NASDAQ πŸ™‚ (NASDAQ) stock fell 2.4% after Bank of America downgraded the software company to “neutral” from “buy,” saying it was looking for clarity on its recent acquisition.

  • bed bath behind (NASDAQ:) (NASDAQ:) stock is down 1.8% as the struggling home goods retailer is set to close about 150 stores as it stabilizes its finances.

  • Invesco (NYSE::) (NYSE: 0.9%) stock fell after the US asset manager’s Chinese joint venture pointed to economic risks ahead even as it attracted $5.4 billion from local investors in the first half of the year.

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