Tesla, AMC Entertainment, Bed Bath & Beyond Fall Premarket; Signify Health Rises

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Tesla, AMC Entertainment, Bed Bath & Beyond Fall Premarket; Signify Health Rises
Credit: © Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, August 22nd. Please refresh for updates.

  • Tesla (NASDAQ: TSLA ) stock fell 2.1% after CEO Elon Musk tweeted that the electric car manufacturer is set to increase the price of its top-level driver assistance program by 25% to $15,000 from $12,000 in September.

  • Signify Health (NYSE: SGFY ) stock rose 38% after the Wall Street Journal reported that retail giant Amazon (NASDAQ: AMZN ), down 2.1%, has entered the bidding war for the home health care services provider.
  • Netflix (NASDAQ: NFLX ) stock fell 2.8% after CFRA downgraded its stance on the streaming giant to ‘sell’ from ‘hold’ with the investment research firm citing the near 40% runup in its share price from the mid-July low.

  • DocuSign (NASDAQ: DOCU ) stock fell 4% after RBC downgraded its stance on the online cloud-based document management company to ‘sector perform’ from ‘outperform’, with the company having to deal with the abrupt departure of its CEO in June.

  • Bed Bath & Beyond (NASDAQ: BBBY ) stock fell 13.6%, extending the recent falls after billionaire investor Ryan Cohen announced he had disposed of his large stake in the troubled retailer.
  • AMC Entertainment (NYSE: AMC ) stock slumped 33% after main rival Cineworld (LON: CINE ), the world's second largest cinema operator, said it was exploring a bankruptcy.
  • Credit Suisse (SIX: CSGN ) (NYSE: CS ) stock fell 1.3% after the Swiss lender hired Deutsche Bank's (ETR: DBKGn ) Dixit Joshi as chief financial officer and promoted Francesca McDonagh to chief operating officer as part of the bank's overhaul.
  • United Parcel Service (NYSE: UPS ) stock fell 2.1% after Evercore ISI downgraded its stance on the delivery firm to 'in line' from 'outperform', seeing limited upside given the uncertain economic climate.

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