These are the stocks posting the largest moves in premarket trading.
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UBS downgrades Pfizer, cites lower Covid expectations and a slow pipeline
Pfizer shares are down more than 12% this year on expectations that number and severity of Covid cases will stabilize.
Continue readingTesla’s strong orders and weak margins in its latest earnings have analysts conflicted on the stock
Tesla reported strong results after topping both earnings and revenue expectations in its most recent quarter.
Continue readingJPMorgan downgrades electric vehicle charging stock EVgo, sees little upside going forward
J.P. Morgan downgrades EVgo to neutral as the company continues to be impacted by permitting delays and supply chain shortages.
Continue readingAmerican Airlines beats fourth-quarter profit expectations as higher fares buoy revenue
As it heads into its first quarter of 2023, the airline carrier expects capacity to be 8% to 10% higher than the first quarter of […]
Continue readingComcast beats expectations even as broadband growth slows, Peacock racks up losses
Comcast reported fourth quarter earnings before the bell, beating analyst expectations.
Continue readingToyota CEO and President Akio Toyoda to step down
Toyoda, 66, is the grandson of the carmaker’s founder and has served as chief executive since June 2009.
Continue readingSouthwest forecasts lingering losses as bookings slow in wake of holiday meltdown
Southwest expects a first-quarter loss because of current revenue and cost trends.
Continue readingDOT is probing whether Southwest’s schedules were ‘unrealistic’ during holiday meltdown
Southwest canceled more than 16,000 flights over the holidays.
Continue readingFDA official overseeing food policy and response to resign in wake of baby formula shortage
Frank Yiannas’ resignation comes weeks after an expert panel issued a scathing report on the FDA’s foods program.
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