PG&E, Las Vegas Sands, Planet Fitness Rise Premarket; Lee Otto, Left Fall

PG&E, Las Vegas Sands, Planet Fitness Rise Premarket;  Lee Otto, Left Fall

Written by Peter Norse – Stocks are in focus in premarket trading on Monday, September 26. Please update for updates.

  • Amazon (NASDAQ 🙂 Shares of (NASDAQ) fell 0.6% after the online retail giant announced plans to conduct a sale to loyalty club shoppers, starting Oct. 11, to boost holiday revenue and attract cost-conscious buyers facing economic turmoil.

  • apple (NASDAQ:) (NASDAQ:) stock fell 0.5%, in line with the general market, despite the tech giant saying it will make its latest iPhone 14 in India, moving some of its production away from China.

  • PG&E (NYSE:) The stock rose 3.8% after S&P Dow Jones Indices announced Friday that utilities will join the index on October 3, replacing Citrix Systems (Nasdaq:), down 1.7%.

  • Las Vegas Sands (NYSE:) rose 6.8%, Win Resorts (NASDAQ 🙂 stock rose 5% and MGM Resorts (NYSE: 🙂 Stocks rose (NYSE: 2.3%) after Macau authorities said China will resume an e-visa program for mainland travelers and allow group tours, which could boost appetite for the gambling resort.

  • Lee Otto (NASDAQ 🙂 (NASDAQ) stock fell 2.5% after the Chinese electric car maker cut its third-quarter delivery forecast, citing “supply chain constraints.”

  • Lift (NASDAQ:) (NASDAQ) stock fell 3.7% after UBS cut its investment position in the carrier to “neutral” from “buy,” saying the survey indicates drivers favor the main competitor. Uber (NYSE:).

  • Planet Fitness Stock (NYSE:::) rose 4.3% after Raymond James raised his position to “strong buy” on “market performance,” citing a lower valuation as well as recession-resistant business.

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