Tesla, Cal-Maine, Southwest and others

News Update – Pre-Release

Check out the companies making headlines before the bell:

You’re here (TSLA) – Tesla rebounded 4.4% in premarket after posting its first rise in eight sessions on Wednesday, mitigating the blow to its stock in what will still be the worst year ever for Tesla shares .

Cal Maine Foods (CALM) – Cal-Maine slid 4.9% in premarket trading after its quarterly earnings fell short of Wall Street forecasts. Cal-Maine reported record sales for the quarter as an outbreak of avian flu continued to limit egg supply, driving prices up sharply. The company also said there were no positive bird flu tests at any of its production facilities on Wednesday.

South West Airlines (LUV) – Southwest remains under scrutiny as the airline struggles to recover from issues that have caused thousands of flight cancellations over the past week. The stock is slightly higher this morning after falling 11% over the past two days.

Lockheed Martin (LMT) – Lockheed Martin’s Sikorsky unit challenges the awarding of a U.S. Army helicopter contract to textron (SMS). Sikorsky Chairman Paul Lemmo said the various proposals for the $1.3 billion contract had not been properly evaluated.

ImmunoGen (IMGN) – Immunogen fell 2.7% in premarketing after the biotech company announced that chief financial officer Susan Altschuller would not be returning from her hiatus under the Family and Medical Leave Act. Vice President and Chief Accounting Officer Renee Lentini has been named interim CFO.

General Electric (GE) – GE spin-off GE HealthCare Technologies will join the S&P 500 when it begins trading as a separate public company on Jan. 4. GE HealthCare will replace Vornado Real Estate Trust (VNO), which will move to the S&P MidCap 400. Vornado will replace the logistics company RXO (RXO), which will move to the S&P SmallCap 600. GE HealthCare – trading on a basis at the time of the issue – rose 1% pre-market, while Vornado was slightly lower and RXO jumped 3, 3%.

Apple (AAPL) – Apple is up 1% in premarket trading after closing Wednesday at a 1.5-year low. Apple is down 29% for 2022.

Author: niso

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