Tesla, Carnival, AMC Entertainment rise premarket; Southwest falls
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, December 28th. Please refresh for updates.
Tesla (NASDAQ: TSLA ) stock rose 3.1%, rebounding after dropping 11% Tuesday on reports the electric car manufacturer was planning to run a reduced production schedule in January at its Shanghai plant. The stock has still lost more than half its value since the start of October.
Southwest Airlines (NYSE: LUV ) stock fell 1% after the carrier warned of further cancellations, drawing the wrath of the U.S. government, following the scrapping of nearly two-thirds of its flights Tuesday.
- ABB (NYSE: ABB ) stock rose 0.2% after the Swiss engineering and technology group completed the sale of its remaining 19.9% stake in the power grids business it sold to Hitachi (TYO: 6501 ), netting $1.4 billion.
- Carnival (NYSE: CCL ) stock rose 1.4%, continuing last week's positive tone after the cruise operator posted a smaller-than-expected quarterly loss.
- Wynn Resorts (NASDAQ: WYNN ) stock rose 0.9%, helped by Hong Kong following China in removing COVID restrictions, potentially boosting the casino operator's visitors to Macau.
- AMC Entertainment (NYSE: AMC ) stock rose 1% after the movie theater chain's CEO Adam Aron asked the board to freeze his compensation next year because of a sharp drop in the company's shares.
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