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

Stocks - Anheuser Busch, Revolve Group Rise Premarket; Nike Falls

Published 02/07/2019, 13:21
Updated 02/07/2019, 13:50
© Reuters.

© Reuters.

Investing.com - Stocks in focus in premarket trading on Tuesday:

Nike (NYSE:NKE) stock fell 0.5% in premarket trade by 8:20 AM ET (12:20 GMT) after it pulled its Betsy Ross sneaker from stores due to intervention from former NFL quarterback Colin Kaepernick, who said the symbol is offensive because of its connection to a time of slavery. The shoe was intended to be a U.S. Independence Day celebration, with a flag design that was created during the American Revolution.

• Anheuser Busch Inbev (BR:ABI) NV ADR (NYSE:BUD) stock gained 1.1% after Bloomberg reported that the planned Hong Kong IPO of its Asia Pacific beer unit is priced in the HK$40 to HK$47 range. That means the IPO could raise as much as $9.8 billion. Trading is expected to start on July 19.

• Amazon.com (NASDAQ:AMZN) stock was down 0.3%, even as it announced plans to create 1,800 jobs in France. The increase would bring its total number of staff to 9,300 by the end of the year. France is Amazon's third biggest European market after Britain and Germany.

Amarin (NASDAQ:AMRN) stock jumped 6.4% after it raised its 2019 guidance to $380 million–$480 million from $350 million.

• Teva Pharma Industries (NYSE:TEVA) stock gained 1% after positive data on a clinical trial of its Ajovy product, which prevents migraines in adults who failed to respond to two to four classes of preventative treatments.

Revolve Group (NYSE:RVLV) jumped 5% after several analysts initiated the designer clothing store and gave it mostly positive guidance. The company went public on June 1.

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.