Alcoa, Moderna, Intuitive Machines fall premarket; Berkshire Hathaway rises By Investing.com
Breaking News
‘;
AuthorPeter NurseStock Markets
Published Feb 26, 2024 07:46AM ET
Updated Feb 26, 2024 07:52AM ET
© Reuters.
Investing.com — U.S. futures traded in a muted fashion Monday, ahead of the release of key inflation data which could provide more clues as to future Fed monetary policy.
Here are some of the biggest premarket U.S. stock movers today:
Alcoa (NYSE:AA) stock fell 3.3% after the alumina producer Alcoa made a $2.2 billion offer for Australian peer and joint venture partner Alumina (OTC:AWCMY).
Ford (NYSE:F) stock fell 0.1% after the auto giant confirmed it had halted shipments of all of its 2024 model year F-150 Lightning trucks, citing quality checks for an unspecified issue.
Berkshire Hathaway (NYSE:BRKa) stock rose 2.1% after Warren Buffett’s conglomerate posted its second straight record annual profit, with its chairman reassuring investors that it was ‘built to last’.
Intuitive Machines (NASDAQ:LUNR) stock fell 25% after the space exploration company said its spacecraft had tipped over shortly after touching down on the lunar surface.
Moderna (NASDAQ:MRNA) stock fell 1.6% after HSBC downgraded its stance on the drugmaker to ‘reduce’ from ‘hold’, keeping a cautious stance on the overall market potential for Moderna’s mRNA vaccine, projecting peak sales at $1.7 billion, which aligns with the lower end of the consensus range of $1.5 to $2.4 billion.
Domino’s Pizza (NYSE:DPZ) stock rose 7% after the restaurant chain hiked its dividend and gave the green light to further share repurchases.
Freshpet (NASDAQ:FRPT) stock soared 12% after the pet-food manufacturer’s fourth-quarter revenue and profit topped analyst estimates, helped by a rise in sales as it boosts media spending.
PPG Industries (NYSE:PPG) stock rose 0.5% after the paints and coatings maker said it will review strategic alternatives for its architectural coatings business in the United States and Canada.
Alcoa, Moderna, Intuitive Machines fall premarket; Berkshire Hathaway rises
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
© 2007-2024 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
