Tesla, Abbott, McDonald's Fall Premarket; Twitter Gains

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Tesla, Abbott, McDonald's Fall Premarket; Twitter Gains
Credit: © Reuters.

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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