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Today's Pre-Market Stock Movers: TSLA, NTNX, BIIB and More

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Movers and Shakers wrote a column · Dec 23, 2022 07:20
Gapping up
$Tesla (TSLA.US)$ +1.2% (Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Musk has sold about $39 billion in stock over the past year, amid his $44 billion deal to buy $Twitter (Delisted) (TWTR.US)$.)
$The Toro (TTC.US)$ +3.2% (The lawn care and outdoor products company was upgraded to outperform from market perform at Raymond James, which set a price target of $130 compared with yesterday’s close of $111.15 per share. Toro also reported better-than-expected quarterly earnings earlier this week. The stock added 1% in premarket action.)
Oilfield services stocks – $Halliburton (HAL.US)$ +1.4% in the premarket, with $Schlumberger (SLB.US)$ +1.3% and $Baker Hughes (BKR.US)$ +1%. The gains come as the price for crude rises more than 2% in early trading.
$Meta Platforms (META.US)$ +0.5% (Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. The suit stemmed from the 2018 revelation that data firm Cambridge Analytica had collected information from tens of millions of Facebook users.)
Gapping down
$Nutanix (NTNX.US)$ -16.6% (A report claims that $Hewlett Packard Enterprise (HPE.US)$ has ended talks to acquire the cloud computing company.)
$Mission Produce (AVO.US)$ -11.7% (The avocado producer reported lower-than-expected profit and revenue as the rise in volume was not enough to offset a plunge in avocado prices. Mission Produce slumped 13.7% in premarket trading.)
$Biogen (BIIB.US)$ -1.29% (Biogen's Japanese partner $EISAI CO SPONS ADR EACH REPR 1 ORD NPV (ESALY.US)$ has confirmed to Reuters reports of a third death in a trial of their experimental Alzheimer's treatment and said the cause is being investigated.)
$3M (MMM.US)$ -0.5% (3M was barred by a judge from shifting liability to a subsidiary in a case involving combat earplugs. The case stems from injuries suffered by members of the military who used the allegedly defective earplugs.)
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