Activision, Alphabet, UnitedHealth fall premarket; Tesla rises
Investing.com -- Stocks in focus in premarket trade on Wednesday, June 14th. Please refresh for updates.
Activision Blizzard (NASDAQ: ATVI) stock fell 1.9% after a U.S. federal judge granted the Federal Trade Commission's request to temporarily block Microsoft's (NASDAQ: MSFT) acquisition of the video game maker.
Tesla (NASDAQ: TSLA) stock rose 2% after the EV manufacturer slightly increased the price of its Model Y electric vehicle in the United States, expressing confidence in future demand.
Alphabet (NASDAQ: GOOGL) stock fell 0.2% after EU antitrust regulators charged its Google unit with anti-competitive practices in its digital advertising business, adding it may have to sell part of this business to address their concerns.
Advanced Micro Devices (NASDAQ: AMD) stock rose 3.1%, boosted by reports Amazon (NASDAQ: AMZN) was considering using the semiconductor maker’s new artificial intelligence chip.
Nvidia (NASDAQ: NVDA) stock fell 0.1%, handing back some of the previous session's gains which resulted in closing market valuation of over $1 trillion, with the company benefiting from the boom in interest in artificial intelligence.
UnitedHealth Group (NYSE: UNH) stock fell 5.8% after the healthcare and insurance company indicated at an investor conference that medical costs at its health insurance unit could be higher than previously forecast.
Shell (NYSE: SHEL) ADRs rose 2.4% after the energy giant announced plans to appease its shareholders by lifting its dividend by 15% from the second quarter, while the rate of share buybacks will go up to at least $5B for the second half of 2023.
Affirm (NASDAQ: AFRM) stock fell 1.4% after BTIG initiated coverage on the leading buy-now-pay-later operator with a ‘sell’ rating, saying the company’s business model is under pressure as we enter a new stage in the macro environment where discretionary spend is tightening quickly.