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Goldman, Alibaba, Unilever Down Premarket in trade; Activision Soars By Investing.com
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© Reuters.
Author: Geoffrey Smith
Investing.com – Here’s a selection of stocks that focused on pre-market trading on Tuesday, January 18th. Please refresh to see updates.
- Alibaba (NYSE 🙂 ADRs fell 4.7% after Reuters reported that US regulators were looking into its own cloud hosting business, believing that the data hosted there could be made available to the Chinese government.
- Activision Blizzard (NASDAQ 🙂 shares rose 38% after The Wall Street Journal reported Microsoft (NASDAQ 🙂 gaming publisher is nearing a deal to buy for more than $ 50 billion, significantly expanding the ecosystem around the Xbox console. Activision shares have expired as a result of a long-running toxic culture scandal in its workplace, which seems to be supported by its CEO Bobby Kotick.
- Goldman Sachs (NYSE 🙂 shares fell 4.0% after banks lost earnings expectations in the fourth quarter due to higher spending, mainly on staff and litigation provisions. Revenue from bond trading also fell by 7%, although investment bank fees rose by 45% year-on-year.
- PNC Finance (NYSE 🙂 shares drifted after losing nearly 20% in fourth-quarter earnings expectations. The bank’s lending book also grew less than expected, adding to the overall pattern of bank earnings that suggests the pandemic stimulus is disappearing.
- BNY Mellon (NYSE 🙂 shares fell 0.2% after the bank managed to exceed its expectations for the fourth quarter, thanks to the strength of its watch business. Conditions have doubled in the last 16 months.
- Unilever (NYSE 🙂 ADRs fell more than 10% to London and Amsterdam GlaxoSmithKline (NYSE 🙂 rejected a $ 68 billion offer for its consumer health unit.
- Toyota ADRs (NYSE 🙂 rose 0.5% despite the Japanese giant saying it will lose its annual production target by March due to a shortage of components, mainly related to silicon chips.
- Citrix shares rose 2.9%, according to investor activists including Elliott Management, who said they were building a stake in the company.
- Platoon (NASDAQ 🙂 shares fell 2.0% since the exercise machine maker said it would start charging customers for the facility, a service that was previously free.
- Charles Schwab (NYSE 🙂 shares fell by 2.7% for the brokerage’s quarterly earnings and earnings expectations, as well as for average daily trades.
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