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Apple, Tesla, Sofi Technologies fall premarket; Bloomin Brands rises

Apple, Tesla, Sofi Technologies fall premarket; Bloomin Brands rises By Investing.com

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AuthorPeter NurseStock Markets

Published Jan 03, 2024 07:47AM ET

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Investing.com — U.S. futures traded lower Wednesday, with investors consolidating ahead of the release of the minutes from the December Federal Reserve meeting.

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

Apple (NASDAQ:AAPL) stock fell 0.5% after data from research group Counterpoint indicated that the tech giant’s iPhone saw its share of the worldwide smartphone market fall in November.

Tesla (NASDAQ:TSLA) stock fell 1.7% after the electric car manufacturer’s sales in China surged by 68.7% on a yearly basis last month, new data from the China Passenger Car Association showed on Wednesday, with the U.S. carmaker facing intense competition in the world’s largest auto market.

Bloomin Brands (NASDAQ:BLMN) stock rose 2.6% after the restaurant holding company added two new members to its board, in accordance with an agreement it had reached with activist investor Starboard Value.

Walt Disney (NYSE:DIS) stock rose 0.4% after the entertainment giant said investment firm ValueAct Capital will advise it on strategy and support its director nominees at the 2024 annual shareholder meeting.

SoFi Technologies (NASDAQ:SOFI) stock fell 7.3% after Keefe, Bruyette & Woods downgraded its rating on the online personal finance company to ‘underperform’ from ‘market perform’, citing its recent outperformance.

Coinbase (NASDAQ:COIN) stock fell 6.4%, with the cryptocurrency exchange suffering as bitcoin, the world’s favorite digital currency, retreated sharply.

Verizon Communications (NYSE:VZ) stock rose 1.2% after KeyBanc upgraded its stance on the telecoms giant to ‘overweight’ from ‘sector weight’, seeing the potential for it to outshine the sector.

Agios Pharma (NASDAQ:AGIO) stock soared 20% after the biotech announced positive results from a Phase 3 trial of a treatment for a rare blood disorder.

AIG (NYSE:AIG) stock fell 0.2% after Reuters reported that the company was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport.

Apple, Tesla, Sofi Technologies fall premarket; Bloomin Brands rises

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