Johnson & Johnson, Hasbro, Acadia Fall Premarket; WeWork Rises

  • Stock Market News
Johnson & Johnson, Hasbro, Acadia Fall Premarket; WeWork Rises
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Tuesday, April 19th. Please refresh for updates.

  • Twitter (NYSE: TWTR ) stock rose 0.3%, adding to Monday’s gains made on reports of private equity interest in the social media company, potentially creating a battle for control after the company last week rejected a hostile $43 billion approach from Tesla CEO Elon Musk.

  • Netflix (NASDAQ: NFLX ) stock rose 0.3% ahead of the streaming giant’s quarterly earnings, due after the close. Market research firm Kantar said that U.K. households had canceled 1.51 million subscriptions from all services in the three months through March, casting a shadow over the company’s release.

  • Johnson & Johnson (NYSE: JNJ ) stock fell 0.4% after the drugmaker suspended the sales forecast for its Covid-19 vaccine due to global supply surplus and demand uncertainty, as well as cut its adjusted profit forecast.

  • Travelers (NYSE: TRV ) stock rose 0.6% after the insurer posted a hefty 48% jump in quarterly profit, helped by lower catastrophe-related claims than expected.

  • WeWork (NYSE: WE ) stock rose 5.7% after Piper Sandler initiated coverage of the commercial real estate company with an ‘overweight’ rating, saying it will be cash-flow positive by the second quarter of 2024.

  • Roblox (NYSE: RBLX ) stock fell 2.8% after Goldman Sachs downgraded its stance on the gaming company to ‘neutral’ from ‘buy’, saying its user growth could decelerate in a post-pandemic world.

  • Halliburton (NYSE: HAL ) stock fell 2.8% after the oil services company recorded a charge of $22 million for the writedown of its assets in Ukraine. The sharp rise in oil prices helped the company post an 85% rise in first-quarter adjusted profit.

  • American Campus (NYSE: ACC ) stock soared over 12% after the Wall Street Journal reported that asset manager Blackstone has agreed to buy the student-housing owner for about $12.8 billion including debt.

  • Hasbro (NASDAQ: HAS ) stock fell 0.6% after the toymaker missed quarterly profit expectations and warned of a potential revenue hit of about $100 million this year due to Russia's invasion of Ukraine.

  • Zendesk (NYSE: ZEN ) stock rose 6.8% after Bloomberg reported that the software company is working with an advisor over a possible sale.

  • Acadia Pharmaceuticals (NASDAQ: ACAD ) stock fell 7.6% after it stated that its experimental drug to treat post-operative pain did not meet its primary goal in a Phase 2 study.

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