Written by Peter Norse
Investing.com – Stocks in focus in premarket trading on Friday, Sept 30. Please update for updates.
nike (NYSE: 🙂 NYSE stock fell more than 11% after the world’s largest sportswear maker warned that gross margins will remain under pressure during the year.
meta pads (NASDAQ 🙂 (NASDAQ) stock rose 0.3% after the Facebook owner announced it would freeze hiring and look to cut costs, tackling an increasingly pressing cost issue.
Tesla (NASDAQ:) Shares of (NASDAQ 🙂 rose 0.2% as CEO Elon Musk is set to unveil a prototype of a humanoid robot on the company’s “Artificial Intelligence Day”, and it may also discuss the electric car maker’s long-awaited self-driving technology .
Amilex Pharmaceuticals (NASDAQ 🙂 (NASDAQ) stock rose 8.7% after the US Food and Drug Administration approved its drug to treat a fatal neurodegenerative condition known as Lou Gehrig’s disease.
Altria (NYSE:) Stock rose (NYSE: 0.4%) after the tobacco giant announced that it had exercised an option to abandon its non-compete commitments with struggling e-cigarette maker Juul.
- micron technology (NASDAQ 🙂 stock rose 1.4% after the chip maker forecast strong revenue growth in the second half of fiscal 2023 even after warning of troubled times ahead and saying it is cutting back on its investment.
- Foya Financial (NYSE:) stock rose 1.2% after Piper Sandler upgraded its stance on the financial services firm to “overweight” from “neutral,” citing an attractive valuation.
- rental center (NASDAQ): (NASDAQ) stock fell 17% after the rent-to-own company cut its earnings guidance for the current quarter, citing current macroeconomic conditions.