Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

FedEx, Uber, GE, NCR and Gap Drop Premarket

Published 16/09/2022, 10:36 pm
Updated 16/09/2022, 10:36 pm
© Reuters.

© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, September 16th. Please refresh for updates.

  • FedEx (NYSE:FDX) stock slumped 20% after the delivery giant pulled a financial forecast it had issued just three months ago, expressing concerns slowing global growth will dent shipping volumes.

  • Uber (NYSE:UBER) stock fell 3.9% after the ride-hailing company said it was in touch with the law enforcement agencies after a hacker claimed widespread access.
  • General Electric (NYSE:GE) stock fell 4.3% after CFO Dybeck Happe said the industrial conglomerate was still grappling with supply chain bottlenecks which have made it tougher to deliver products to customers on time.
  • Gap (NYSE:GPS) stock fell 1.1% after Kanye West announced he was seeking to terminate the partnership between his Yeezy company and the apparel chain, saying it failed to meet its obligations under the contract.

  • NCR (NYSE:NCR) stock fell 17% after the tech company announced plans to separate into two independent publicly traded companies.
  • Adobe (NASDAQ:ADBE) stock fell 2.4% after Bank of America downgraded the software company to ‘neutral’ from ‘buy’, saying it’s looking for clarity on its latest acquisition.

  • Bed Bath & Beyond (NASDAQ:BBBY) stock fell 1.8% with the struggling home goods retailer set to close about 150 stores as it works to stabilize its finances.

  • Invesco (NYSE:IVZ) stock fell 0.9% after the U.S. asset manager's Chinese joint venture flagged economic risks ahead even while attracting $5.4 billion from local investors in the first half of the year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.