2 months ago
Stock Market

Stocks - Morgan Stanley, CSX, Aurora Cannabis Slump in Premarket, PG&E Jumps

Investing.com - Stocks in focus in premarket trade Thursday: • Morgan Stanley (NYSE:MS) stock slumped 4.14%

Investing.com - Stocks in focus in premarket trade Thursday:

Morgan Stanley (NYSE:MS) stock slumped 4.14% by 8:11 AM ET (13:11 GMT) after the company reported fourth-quarter results that {{news- 1749614||missed consensus on the top and bottom lines}}.

• Bank of America (NYSE:BAC) stock lost 0.53% after Financial Times reported that the company’s head of global investment banking, Diego De Giorgi, plans to step down.

• CSX (NASDAQ:CSX) stock fell 2.32% as the company lowered its forecast for revenue growth in 2019, even though fourth-quarter results topped consensus.

• Apple (NASDAQ:AAPL) stock dropped 0.50% after Bloomberg reported that the company will cut back on hiring for some divisions after selling fewer iPhones than expected.

Alcoa (NYSE:AA) stock traded down 1.31% after the company predicted that global demand for aluminum in 2019 would grow at the slowest pace in a decade.

• Tesla (NASDAQ:TSLA) stock slipped 0.17% as Chief Executive Elon Musk announced that the company’s customer referral program, which gets friends 6 months of free Supercharging when they buy a vehicle, will end on Feb. 1.

• PG&E (NYSE:PCG)stock traded up 5.97% as shareholder BlueMountain challenged the company’s decision to go bankrupt, saying the move was unnecessary.

• Aurora Cannabis (NYSE:ACB) stock tumbled 8.73% as the company announced plans to raise $250 million in convertible debt for Canadian and international expansion.

Kinder Morgan (NYSE:KMI) stock fell 0.69% after fourth-quarter results missed analysts' expectations on the top and bottom lines.

• Cars.com (NYSE:CARS) stock jumped 7.73% after the company announced that it was exploring alternative strategies including the potential sale of the company.