Close

Rivian, Poshmark, Tesla Rise Premarket; Kalvista Pharmceuticals Falls

October 4, 2022 9:06 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, October 4th. Please refresh for updates.

  • Rivian Automotive (NASDAQ: RIVN) stock rose 8.7% after the electric vehicle manufacturer reported third-quarter deliveries that were in line with its expectations and said it was on track to meet its annual production guidance.

  • Poshmark (NASDAQ: POSH) stock rose 13% after the South Korean e-commerce company Naver announced the $1.2 billion purchase of the fashion resale platform.
  • Apple (NASDAQ: AAPL) stock rose 1.9% after Foxconn, the world's largest contract electronics maker and a major supplier to the iPhone maker, said it was "cautiously optimistic" about its fourth-quarter revenue outlook after reporting record-breaking September sales.

  • Tesla (NASDAQ: TSLA) stock rose 3.2%, rebounding from its steepest selloff in four months in the wake of disappointing quarterly vehicle deliveries.

  • Gilead Sciences (NASDAQ: GILD) stock rose 3.3% after JPMorgan upgraded its stance on the pharma company to ‘overweight’ from ‘neutral’, saying the undervalued stock can rally nearly 30%.

  • Domino’s Pizza (NYSE: DPZ) stock rose 2.9% after UBS upgraded its stance on the pizza chain to ‘buy’ from ‘neutral’, saying demand slowdown concerns are overblown.

  • Kalvista Pharmaceuticals (NASDAQ: KALV) stock slumped 46% after the drugmaker said it had ended a mid-stage study for its drug to prevent recurrent swelling attacks in people with hereditary angioedema, due to safety concerns.
  • Bank of America (NYSE: BAC) stock rose 1.8% after the lender announced plans to invest $100 million in banks that focus on minority communities, taking equity stakes of less than 5% of each lender.
  • HSBC (NYSE: HSBC) ADRs rose 4.2% after the U.K. bank announced that it’s considering selling its Canada business, one of the biggest international banking brands in the country.


You May Also Be Interested In





Related Categories

Special Reports

Related Entities

UBS, JPMorgan, HSBC, Tesla, BofA/Merrill Lynch