By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trade on Tuesday, May 5th. Please refresh for updates.
- Hertz Global (NYSE:HTZ) stock fell 11.7% on reports that the car hire company may file for bankruptcy as early as this week.
- Norwegian Cruise Line (NYSE:NCLH) stock fell 6.6% after the company filed to raise $1 billion in fresh capital, of which $350 million will be new shares and the remainder in convertible notes.
- Marathon Petroleum (NYSE:MPC) stock rose 6.9% after the refiner reported a smaller-than-expected loss for the first quarter.
- Fiat Chrysler Automobiles (NYSE:FCAU) stock rose 2.2% after the carmaker swung to a loss of $1.8 billion in the first quarter and pulled its guidance for the rest of the year.
- The company said it was still committed to its merger with French group Peugeot (OTC:PUGOY)..
- Exxon Mobil (NYSE:XOM) stock rose 3.3% as crude oil prices extended their rebound on signs of a smaller imbalance between supply and demand in the near term.
- Independent oil producers Diamondback Energy (NASDAQ:FANG) and Parsley Energy (NYSE:PE) stock also rose after they announced cuts of between 10% and 20% in output this month. Diamondback stock was up 6.8% while Parsley Energy stock was up 5.3%.
- Pfizer (NYSE:PFE) stock was up 2.3% after it announced the start of human trials for its experimental coronavirus vaccine, which it's developing in partnership with BionTech.
- DuPont (NYSE:DD) stock rose 2.3% after the company said it had put on ice $500 million of planned capital expenditure. It also said it expected to save $180 million from measures announced earlier in the year.
- Alaska Air (NYSE:ALK) stock was up 5.0% after the airline announced a smaller-than-expected loss for the quarter.
- Regeneron (NASDAQ:REGN) stock rose 4.1% after it announced better than expected earnings for the first quarter. The highlight was its eczema treatment Dupixent, which more than doubled revenues to around one-third of the group total.