Tesla, Tupperware slip premarket; Pioneer Natural Resources rises
By Scott Kanowsky
Investing.com -- Stocks in focus in premarket trade on Monday, April 10th. Please refresh for updates.
- Pioneer Natural Resources Co (NYSE: PXD) shares added more than 7% in premarket dealmaking on a report from the Wall Street Journal that oil major Exxon Mobil (NYSE: XOM) is considering a potential bid for the fracking group.
- Shares in Tupperware Brands Corporation (NYSE: TUP) shed more than a third of their value after the maker of plastic containers and kitchen gadgets said it was speaking with financial advisers over moves to bolster its capital structure and ease investor fears over its ability to remain a going concern.
- Tesla Inc (NASDAQ: TSLA) shares dipped after Elon Musk's electric carmaker said it plans to build a new battery factory in China as part of a push to expand its presence in the country. The firm also slashed its prices in the U.S. - its largest market - for the fifth time since January.
- Micron Technology Inc (NASDAQ: MU) shares gained more than 5% after rival Samsung (KS:005930) Technology announced that it would reduce its memory chip production. Analysts have said the move could signal a rebound in prices for advanced DRAM memory chips.
- U.S.-listed shares in Taiwan Semiconductor Manufacturing (NYSE: TSM) slipped after the chipmaker unveiled a decline in reported sales in March.