Signify Health, Bed Bath & Beyond, AMC and more

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Check out some of the biggest movers in the premarket:

Signify Health (SGFY) – Signify Health rose 37.5% in premarket trading as a potential bidding war for the home healthcare provider. Amazon.com (AMZN) and UnitedHealth (UNH) are now said to be among the bidders, according to The Wall Street Journal, which had previously reported that CVS Health (CVS) was monitoring Signify.

Bed Bath & Beyond (BBBY) – Bed Bath & Beyond is down another 10.2% in premarket trading after Friday’s plunge of over 40%. That sale followed news that investor Ryan Cohen had sold his shares in the homeware store. Bloomberg also reports that certain suppliers have stopped shipping to Bed Bath & Beyond due to unpaid bills.

AMC Entertainment (AMC) – Shares of the cinema chain plunged 30.6% in the premarket ahead of the debut of AMC’s so-called “APE” preferred stock units. CEO Adam Aron tweeted a reminder to investors that the total value of their AMC holdings would be a combination of the common stock plus the new units, which were awarded as a special dividend. AMC shares are also under pressure from the financial problems surrounding Cineworld, the British parent company of US cinema chain Regal Cinemas.

Ford (F) – Ford lost 2.8% in premarket after Friday’s jury verdict reviewed a $1.7 billion verdict against the automaker. The case involved a fatal crash that centered on the strength of the roof in older Super Duty pickup trucks.

Occidental Petroleum (OXY) – Occidental Petroleum returned 1.4% in premarket action after gaining nearly 10% on Friday. That followed news that Warren Buffett’s Berkshire Hathaway (BRK.B) had been cleared by regulators to buy up to 50% of the power producer. Berkshire is already Occidental’s largest shareholder.

Tesla (TSLA) — Tesla CEO Elon Musk said the price of the company’s Full Self Driving software would increase by $3,000 to $15,000 next month, following the wide release of an updated version of the software. Tesla shares fell 2.1% in the premarket.

Netflix (NFLX) – Netflix fell 2.4% in premarket trading after CFRA lowered its stock to “sell” from “hold”. The company said Netflix is ​​likely to underperform the S&P 500 after rising 40% from its mid-July low.

VF Corp. (VFC) – VF was downgraded to “market performance” from “outperform” at Cowen, which cited uncertainty about VF’s optimistic outlook for its footwear and apparel brand Vans. VF fell 2.6% in pre-market action.

DocuSign (DOCU) – The electronic signature business has been downgraded to ‘sector performing’ from ‘outperform’ at RBC Capital. RBC sees a long road to turnaround amid, among other things, execution issues and the current absence of a permanent CEO. DocuSign fell 4.5% in premarket trading.

The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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