Carvana, Walt Disney, Bristol-Myers Squibb Rise Premarket; Twitter Falls

  • Stock Market News
Carvana, Walt Disney, Bristol-Myers Squibb Rise Premarket; Twitter Falls
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Monday, September 12th. Please refresh for updates.

  • Walt Disney (NYSE: DIS ) stock rose 0.8% after activist investor Daniel Loeb swung behind the board's plans to keep ESPN, saying he has a "better understanding" of the sports television network's potential for growth.

  • Bristol-Myers Squibb (NYSE: BMY ) stock rose 8.1% after the U.S. Food and Drug Administration approved the company's oral treatment for adults with plaque psoriasis.
  • General Electric (NYSE: GE ) stock rose 0.6% after the conglomerate said it expects to complete the spin-off of its healthcare business by the first week of January 2023.

  • Bank of America (NYSE: BAC ) stock rose 0.5% after Reuters reported that the lender has created a new group in its global wealth and investment management division to focus on lending to rich clients.

  • JPMorgan Chase (NYSE: JPM ) stock rose 0.5% after CNBC reported that the lender has agreed to buy a payments startup called Renovite to fend off threats from fintech firms.

  • Twitter (NYSE: TWTR ) stock fell 1% after the social media giant said payments made to a whistleblower did not breach any conditions of its $44 billion buyout by Elon Musk, after he cited the move as another reason to scrap the deal.

  • Carvana (NYSE: CVNA ) stock rose 8.2% after Piper Sandler upgraded its stance on the online used car retailer to ‘overweight’ from ‘neutral’, saying it’s too cheap and can double from these levels.

  • Roblox (NYSE: RBLX ) stock fell 1.6% after Cowen initiated coverage of the online game platform at ‘underperform’, saying it’s overvalued for a distant metaverse future.

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