Today's Pre-Market Stock Movers: TSLA, MU, FRC, SQ and More
Gapping up
$Micron Technology(MU.US$ +6% (Samsung Electronics plans to cut memory chip production near term. Many Wall Street analysts said the move could accelerate a recovery within the memory chip industry.)
$Pioneer Natural Resources(PXD.US$ +7% (The Wall Street Journal reported that Exxon Mobil has held informal talks to acquire Pioneer.)
Gapping down
$Tesla(TSLA.US$ -2% (Tesla said it plans to build a "megapack" battery factory in Shanghai and cut vehicle prices again.)
$First Republic Bank(FRC.US$ -3% (The regional bank suspended dividend payments on preferred stock.)
$Taiwan Semiconductor(TSM.US$ -1% (The company reported a monthly drop in revenue.)
$Capital One Financial(COF.US$ -4% (Capital One said in a filing that Walmart is moving to end its credit card partnership. Capital One said in a filing that Walmart is suing to end the agreement, while Capital One maintains that the retail giant does not have a right to end the agreement early.)
$Block(SQ.US$ -2% (The company received a downgrade to market perform from outperform by KBW. The firm said the company is feeling pressure from a growing list of small risks. )
Source: Dow Jones, CNBC
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