Twitter Edges Lower Premarket; Bionano Genomics Surges

October 5, 2022 8:43 AM EDT

By Scott Kanowsky -- Stocks in focus in premarket trade on Wednesday, October 5th. Please refresh for updates.

  • Twitter (NYSE: TWTR) shares dipped 0.6% after they moved sharply higher on Tuesday on a report that Elon Musk would offer to buy the social media company for the initially agreed-upon price of $44 billion. Musk later confirmed the speculation in a letter to Twitter.

  • Tesla (NASDAQ: TSLA) stock also moved 1.9% lower following chief executive officer Musk's reversal on the Twitter deal.

  • General Motors (NYSE: GM) shares fell 2.5% after Morgan Stanley downgraded its price target on the automaker.

  • Ford (NYSE: F) shares moved 1.2% higher after the Morgan Stanley analysts raised their rating for the carmaker to overweight from equal weight.

  • Bionano Genomics (NASDAQ: BNGO) stock rose 11.2% after the company unveiled new research exploring the use of optical genome mapping in the fight against liver cancer.

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