Bed Bath & Beyond, Uber, Occidental Petroleum Rise Premarket; Philip Morris Falls

  • Investing.com
  • Stock Market News
Bed Bath & Beyond, Uber, Occidental Petroleum Rise Premarket; Philip Morris Falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, March 7th. Please refresh for updates.

  • Bed Bath & Beyond (NASDAQ: BBBY ) soared 91.78% after GameStop Chairman Ryan Cohen revealed he had a nearly 10% stake in the retailer and was advocating for change to reverse market share losses.

  • Occidental Petroleum (NYSE: OXY ) stock rose 5.8% following reports Berkshire Hathaway is adding the oil company to its holdings while activist investor Carl Icahn exits as a shareholder.

  • Whiting Petroleum (NYSE: WLL ) stock rose 2.8% and Oasis Petroleum (NASDAQ: OAS ) stock rose 1.74% after the Wall Street Journal reported the shale producers were talking about a merger in an all-stock deal.

  • Philip Morris (NYSE: PM ) stock fell 1.7% after J.P. Morgan downgraded its investment stance on the cigarette giant to ‘neutral’ from ‘overweight’, saying Russia and Ukraine are key markets.

  • Citigroup (NYSE: C ) stock fell 2.5% after Jefferies downgraded the U.S. bank to ‘hold’ from ‘buy’, saying the lender is unlikely to meet its new financial targets.

  • Boeing (NYSE: BA ) stock fell 0.5% after the Wall Street Journal reported that the plane-maker has suspended parts of its business in Russia.

  • Uber (NYSE: UBER ) stock rose 2.3% after the ride-hailing firm raised its current quarter guidance, citing a “significant” improvement in February’s demand for mobility.

  • Visa (NYSE: V ) stock fell 1.6% and Mastercard (NYSE: MA ) stock fell 1.7% after both credit card giants announced over the weekend that they were suspending operations in Russia.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles