Disney, Fisker and Ulta Beauty rise premarket; Pfizer and Tesla fall

December 02, 2023 12:06 AM AEDT | By Investing
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Investing.com -- U.S. futures traded in a mixed fashion Friday, starting a new month in a muted fashion ahead of a speech from Fed Chair Jerome Powell.

Here are some of the biggest premarket U.S. stock movers today:

  • Walt Disney (NYSE:DIS) stock rose 0.4% after the entertainment giant announced plans to reinstate its dividend with a 30-cent per share payout for the second half of its fiscal year, signaling a recovery phase after the pandemic-induced hiatus.

  • Tesla (NASDAQ:TSLA) stock fell 2.2% after the electric-vehicle maker started deliveries of its Cybertruck electric pickup on Thursday, with a starting price of $60,990, above its original forecast.

  • Alibaba (NYSE:BABA) ADRs fell 1.7% after Morgan Stanley (NYSE:MS) downgraded the e-commerce giant to ‘equal weight’ from ‘overweight’, citing slower turnaround in customer management revenue.

  • Pfizer (NYSE:PFE) stock fell 3.4% after the drugs giant scrapped its plan to advance a twice-daily version of its oral weight-loss drug into late-stage studies.

  • Fisker (NYSE:FSR) stock rose 5.7% after the electric-vehicle maker said it will scale down production this month, and produce fewer cars this year than its previous guidance, to prioritize cash for working capital needs.

  • Marvell (NASDAQ:MRVL) stock fell 4.8% after the chipmaker's fourth-quarter revenue forecast fell short of expectations, while also reporting declining third-quarter revenue.

  • Ulta Beauty (NASDAQ:ULTA) stock soared 11% after the cosmetics retailer raised the lower end of its annual net sales forecast and named Paula Oyibo its new chief financial officer.

  • UiPath (NYSE:PATH) stock jumped 14% after the automation software firm beat third-quarter revenue estimates, amid strength in the licenses and subscription-services businesses.

This article first appeared in Investing.com


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