WWE Brand Director and TV Personality, Stephanie McMahon delivers the keynote speech at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016.
Roslan Rahman | AFP | beautiful pictures
Check out the companies that are leading the way in premarket deals.
World wrestling entertainment – Stocks up 9.7% after Vince McMahon elected himself as the company’s executive chairman despite retiring last year due to a sexual misconduct scandal.
Outdoor shower bed – The retailer’s stock fell 12.4%, building on massive losses seen on Thursday, after management said the company was little cash and consider bankruptcy. KeyBanc reduced its stock price target from $2 to 10 cents, citing bankruptcy concerns and weak fundamentals.
Tesla — Shares fell 6.4% later Electric vehicle manufacturer cuts Model 3 and Model Y prices in China.
Silvergate Capital The crypto-focused bank added to its losses on Thursday after being downgraded to neutral by JPMorgan due to being overweight. The company cited Silvergate’s more-than-expected cash flow and questioned the company’s long-term profitability. Shares were down 14% pre-market, after posting a 42% loss on Thursday.
Costco — The wholesale retailer’s stock fell more than 1% on premarket even after the company reported steady sales for December. Costco reported net sales of $23.8 billion in December 2022, up 7% year over year.
lulumon – The sportswear maker added 1.8% after Wells Fargo upgraded to overweight from the same weight, based on momentum and its attractive stock price. While, Ulta down 1.8% after being downgraded from underweight to underweight. Body hygiene down 1.7% after the company switched it to balance from overweight.
Sunrun, nova, first sun — Shares of solar companies rose more than 1% each after being upgraded from equal weight to overweight by Wells Fargo. Analysts cited an improved regulatory landscape in 2023 and long-term trends, including ESG mandates and government and corporate decarbonisation targets.
financial discovery, Synchronized Finance — Consumer finance stocks were under pressure after being downgraded by Barclays due to being overweight. Those stocks are likely to fall if the economy enters a recession, Barclays analyst Mark Devries said in a note. Discover dropped 1.5% on premarket deals, while Sync lost 1.8%.
— Yun Li, Tanaya Macheel, Jesse Pound and Michelle Fox of CNBC contributed reporting
