By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, June 1st. Please refresh for updates.
Cloudera (NYSE:CLDR) stock soared 24% after the Wall Street Journal reported that private-equity firms KKR and Clayton Dubilier & Rice are nearing a deal to buy the data-cloud company, before taking it private.
AMC Entertainment (NYSE:AMC) stock rose 14% after the movie theatre chain raised around $230 million through a stock sale to Mudrick Capital Management, the latest in a series of capital raises for the popular meme stock.
Uber (NYSE:UBER) stock rose 1.6% after the ride-hailing firm said its drivers were gradually returning to its platform, with the week of May 17th marking a new record for drivers returning to the road since the start of 2021.
Exxon Mobil (NYSE:XOM) stock rose 1.6%, Chevron (NYSE:CVX) stock rose 1.5% and Marathon Oil (NYSE:MRO) stock rose 3% as the latest data from Europe and China pointed to a strong economic recovery, helping oil prices soar.
Tesla (NASDAQ:TSLA) stock rose 0.7% after the electric car maker’s CEO Elon Musk noted that the recent price rises were due to supply chain pressures across the auto industry, and not due to company-specific causes.
Canopy Growth (NASDAQ:CGC) stock fell 1.1% after the cannabis producer reported a loss for the fourth quarter, despite cost-cutting measures and a pandemic-driven jump in demand for cannabis products.
Ford (NYSE:F) stock rose 0.8% after the auto giant’s electric Mustang Mach-E topped Norway's car sales in May, the first full month of registrations for the crossover vehicle in the small but influential Nordic market.
F5 Networks (NASDAQ:FFIV) stock fell 2% after Goldman Sachs (NYSE:GS) downgraded its investment stance on the tech company to ‘sell’ from ‘neutral, saying it could be a reopening loser as workers return to the office after vaccinations.
Nio (NYSE:NIO) ADR rose 3.8% after Citigroup (NYSE:C) upgraded the Chinese electric car manufacturer to ‘buy’ from ‘neutral’, seeing more than 50% upside as sales growth accelerates in both the near- and long-term.
Boeing (NYSE:BA) stock rose 1.9% after investment bank Cowen upgraded its stance on the aircraft manufacturer to ‘outperform’ from ‘market perform’, citing the fast improvement in air traffic demand.