By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, June 16. Please refresh for updates.
Tesla (NASDAQ: TSLA ) stock fell 4.5% after the electric car manufacturer raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues.
Twitter (NYSE: TWTR ) stock rose 1.6% after the Wall Street Journal reported that billionaire Elon Musk is expected to reiterate his desire to own the social media giant when he speaks to its employees later Thursday.
- Abbott Laboratories (NYSE: ABT ) stock fell 2% after the company was forced to halt production of the EleCare specialty baby formula at its plant in southwestern Michigan after thunderstorms and heavy rains flooded parts of the facility.
McDonald’s (NYSE: MCD ) stock fell 1.5% after the burger chain agreed to pay around $1.3 billion in fines and back taxes to settle a tax dispute in France.
Ferrari (NYSE: RACE ) stock fell 2.6% after the sports-car maker announced new long-term plans to electrify its fleet, trying to shift the focus of the business away from traditional combustion engines.
Revlon (NYSE: REV ) stock fell 4.4% after the debt-laden cosmetics company filed for Chapter 11 bankruptcy protection late on Wednesday.
Boeing (NYSE: BA ) stock fell 1.2% but Citigroup has upgraded its stance on the aircraft manufacturer to ‘buy’ from ‘neutral’, saying it’s a "valuable investment opportunity" should the company's commercial aircraft programs maintain the projected levels.
Dollar General (NYSE: DG ) stock fell 1.1%, weighed by the weak overall market despite Morgan Stanley upgrading its stance on the discount chain to ‘overweight’ from ‘equal weight’, saying the company could prosper in a recession.
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