Check out the companies making headlines in pre-market trading: Tesla — Shares soared more than 10% during pre-market trading after the electric car company announced Sunday that local Chinese authorities had lifted restrictions on its cars It skyrocketed. It will soon be possible to drive in this country. Paramount — The company’s stock rose more than 5% in premarket trading following reports that the company’s board of directors was preparing to fire CEO Bob Bakish as soon as Monday morning. Paramount will report its financial results after the bell on Monday. Domino’s Pizza — The pizza chain’s stock rose more than 5% after its first-quarter profit beat. Domino’s Pizza reported earnings of $3.58 per share, compared to the $3.39 expected by analysts surveyed by LSEG. Same-store sales growth in the United States increased compared to the same period last year. Southwest Airlines — Airline shares fell 1.2% after Jefferies downgraded the stock from hold to underperform. Analyst Sheila Kahyaoglu said after the company failed to meet its revenue per available seat mile (RASM) forecast for the first quarter, she believes it’s “time to throw the baby out with the bathwater.” I’ve come,” he said. Apple — Shares rose more than 2% after Bernstein upgraded the tech stock to outperform the market. Analyst Toni Sacconaghi said recent concerns about China’s economic weakness may be overdone, suggesting it’s time for investors to “buy into fear.” Lululemon — The sports apparel retailer’s stock fell 1.6% after Barclays downgraded it from overweight to equal weight. The company cited changing consumer spending trends and increased competition for this call. SoFi — Shares rose more than 2% after the consumer fintech company posted earnings of 2 cents per share on revenue of $581 million in the first quarter. That beat analysts’ expectations for his 1 cent per share and $556 million in revenue, according to LSEG. AMC Entertainment — Shares fell more than 1% after the movie theater giant pre-announced a first-quarter loss of 62 cents a share, compared to FactSet’s estimate of 79 cents a share. The company also predicted that box office performance in the second quarter would continue to be depressed by the impact of last year’s strike. —CNBC’s Sarah Ming, Yun Li, Michelle Fox, Pia Xin and Jesse Pound contributed reporting.
Stocks that move the most pre-market: Tesla, Paramount, etc.
