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Apple, Paramount Global, Eli Lilly fall premarket; JD.com rises

Published 27/08/2024, 12:14
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Investing.com -- U.S. stock futures traded largely flat Tuesday, stabilizing after some volatile sessions resulted in a new all-time high for the blue chip Dow Jones Industrial Average.

Here are some of the biggest premarket U.S. stock movers today

  • Apple (NASDAQ:AAPL) stock fell 0.3% after the tech giant announced that long standing CFO Luca Maestri will step down from his role at the beginning of the 2025.

  • Paramount Global (NASDAQ:PARA) stock fell 4.7% after media executive Edgar Bronfman Jr withdrew from the race for control of the media conglomerate, leaving the way open for the Skydance-Paramount merger to go ahead without a heated bidding battle.

  • Eli Lilly (NYSE:LLY) stock fell 1.5% after the drugs giant announced it has released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price.

  • Nvidia (NASDAQ:NVDA) stock edged 0.2% higher ahead of the chip giant's results on Wednesday, which is likely to show that quarterly revenue more than doubled.

  • JD.com (NASDAQ:JD) stock rose 3.9% after the Chinese online retailer announced a new $5 billion share buyback program, allowing the company to buy back its stock over the next 36 months.

  • CAVA Group (NYSE:CAVA) stock slumped 7.6% after a director of the fast-casual Mediterranean restaurant chain, Theo Xenohristos, filed to sell over 98,000 shares.

  • Boeing (NYSE:BA) stock rose 0.3% after the aircraft manufacturer said a boom in Chinese travel will mean that the Asian giant needs 8,830 new planes through 2043, up from last year’s 8,560 forecast.

  • Netflix (NASDAQ:NFLX) stock rose 0.3% after Evercore ISI raised its price target for the streaming giant, citing strong survey results and a promising outlook for the company.

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