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Nikola, Tesla Fall Premarket; Jefferies Rises

Stocks in focus in premarket trade on Thursday, September 24th. Please refresh for updates. Nikola (NASDAQ:NKLA) stock slumped 10%, following…

By financial2020myday , in Stock Markets , at September 24, 2020

Stocks in focus in premarket trade on Thursday, September 24th. Please refresh for updates.

Nikola (NASDAQ:NKLA) stock slumped 10%, following on from Wednesday’s 25% drop after the Wall Street Journal reported that the electric-truck maker’s discussions with major energy firms over hydrogen refueling stations have stalled. The Securities and Exchanges Commission is investigating fraud allegations made in a recent short seller’s report, which led to the resignation of its founder and chairman Trevor Milton.

Jefferies (NYSE:JEF) stock rose 9.6% after the financial services firm posted strong third-quarter earnings results late Wednesday, and increased its stock buyback program to $250 million.

Tesla (NASDAQ:TSLA) stock fell 3.2%, extending Wednesday’s fall after the company’s “Battery Day” announcements failed to impress the investment community.

BlackBerry (NYSE:BB) stock rose 7.9% after posting strong results, helped by strong demand for its security and car software
Walt Disney (NYSE:DIS) stock rose 0.1% after the entertainment giant postponed almost all of its films scheduled for release in 2020, including Marvel’s Black Widow, due to the coronavirus crisis.

JPMorgan Chase (NYSE:JPM) stock rose 0.3% after Bloomberg reported that the banking giant is poised to pay close to $1 billion to resolve market manipulation investigations by U.S. authorities.

Goldman Sachs (NYSE:GS) stock rose 1.3% after UBS upgraded its investment stance to “buy”, saying Goldman could benefit further from election-related volatility.
Rite Aid (NYSE:RAD) stock rose 1.1% after the drugstore chain said its loss narrowed for the August quarter as sales rose amid the Covid-19 pandemic.

FedEx (NYSE:FDX) stock rose 1.2% after the financial information and services provider beat expectations amid strong demand during these volatile conditions.
Goodrx (NASDAQ:GDRX) stock will be in the spotlight after soaring more than 50% in the trading debut after a successful IPO.

Accenture (NYSE:ACN) stock fell 5.5% after its revenue figures for the quarter disappointed, hurt by a drop in reimbursable travel revenue it earned from clients.

Penn National Gaming (NASDAQ:PENN) stock fell 7.5% after the online gaming company launched a public offering of 14 million shares, representing just over 10% of the shares outstanding.

EW Scripps (NASDAQ:SSP) stock rose 67% after the broadcasting company announced it will buy entertainment firm ION Media in a $2.65 billion deal.


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