Pioneer, Disney, Virgin Galactic rise premarket; Exxon, Philips fall
Investing.com -- U.S. futures rose Friday, with investors awaiting the release of the key monthly jobs report for clues of future monetary moves by the Federal Reserve.
Here are some of the biggest premarket U.S. stock movers today:
Pioneer Natural Resources (NYSE: PXD) stock soared 9.6% after the WSJ reported that oil major ExxonMobil (NYSE: XOM), down 3%, is currently in negotiations to buy the shale driller, potentially for about $60 billion.
Tesla (NASDAQ: TSLA) stock fell 1.5% after the EV manufacturer cut the prices of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations.
Philips (NYSE: PHG) ADRs fell 8.8% after the U.S. drug regulator deemed its handling of the recall of millions of ventilators used to treat sleep apnea inadequate.
Walt Disney (NYSE: DIS) stock rose 0.7% after Bernstein initiates coverage of the entertainment giant with an ‘outperform’ rating, saying its planned buyout of the streaming service Hulu will offset any near-term troubles and benefit the company long term.
Levi Strauss (NYSE: LEVI) stock fell 1.2% after the jeans retailer narrowed its guidance after reporting third-quarter revenue that fell short of expectations amid ongoing U.S.-led weakness in its wholesale business.
General Motors (NYSE: GM) stock rose 0.2% after the auto giant makes a sixth offer to the UAW union in an attempt to end the damaging strike.
- Virgin Galactic (NYSE: SPCE) stock rose 0.6% after the space travel company announced plans for Galactic 04 mission, its fifth space flight in five months.