By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, March 29th. Please refresh for updates.
FedEx (NYSE: FDX ) stock rose 2.7% after the delivery giant announced a change of leadership, with its Chief Operating Officer, Raj Subramaniam, taking over as Chief Executive Officer with effect from June 1.
Tesla (NASDAQ: TSLA ) stock rose 1.9%, continuing Monday’s sharp gains after the U.S. electric car manufacturer announced its plans to split shares if shareholders approve.
Nielsen Holdings (NYSE: NLSN ) stock soared over 21% after the TV ratings company agreed to be taken over by a private equity consortium in a deal worth $16 billion, including assumed debt.
Jefferies Financial (NYSE: JEF ) stock rose 3.6% after the investment bank posted better than expected quarterly profit and revenue, even as profit fell from a year ago in a “challenging” trading environment.
Pinterest (NYSE: PINS ) stock fell 2.1% after Morgan Stanley downgraded its stance on the image sharing service to ‘equal weight’ from ‘overweight’, calling recent user engagement numbers “troubling.”
Reynolds (NASDAQ: REYN ) stock fell 4% after Goldman Sachs downgraded its stance on the consumer goods company all the way to ‘sell’ from ‘buy’, saying inflation headwinds and the Ukraine/Russia war pose “disproportionate risks.”
Petrobras (NYSE: PBR ) ADRs rose 1.4% after the Financial Times reported that Brazil’s president Jair Bolsonaro is set to replace the CEO of the state-owned oil giant for the second time in a year as fuel prices soar.
- Dave & Buster’s Entertainment (NASDAQ: PLAY ) stock fell 6.1% after the restaurant chain missed expectations for its fourth quarter, with the company citing “continuing headwinds from COVID-19.”
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