By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, September 27th. Please refresh for updates.
Twitter (NYSE: TWTR ) stock rose 0.7% with lawyers for the social media giant and potential owner Elon Musk set to debate several pending requests for information in their continuing legal fight, just weeks before a trial over the takeover.
JetBlue (NASDAQ: JBLU ) stock rose 2.3% and American Airlines (NASDAQ: AAL ) stock rose 2.5% with the alliance between the two airlines set to come under scrutiny in court later from the Federal government’s antitrust suit.
Goldman Sachs (NYSE: GS ) stock rose 1.2% after the investment bank announced that it has closed a $9.7 billion private-equity fund, its largest since 2007, that seeks to invest in companies with an enterprise value of about $750 million to $2 billion.
Avidity Biosciences (NASDAQ: RNA ) stock slumped 17.3% after the U.S. Food and Drug Administration put a partial hold on enrolling new patients in an early-to mid-stage study for its drug to treat a type of genetic muscle disorder.
Ferguson (NYSE: FERG ) stock fell 2.9% after the plumbing supplies provider said its net sales growth for fiscal 2023 was expected to be in low single digits, with its rise in annual profit helped by acquisitions.
Lucid Group (NASDAQ: LCID ) stock rose 3.7% after Cantor Fitzgerald initiated coverage of the electric vehicle manufacturer with an ‘overweight’ rating, saying its products provide greater efficiency relative to its peers.
Keurig Dr Pepper (NASDAQ: KDP ) stock fell 1.4% after Goldman Sachs cut its rating on the beverage company to ‘neutral’ from ‘buy’, saying inflation is likely to hit its margins.
Hertz (NASDAQ: HTZ ) stock rose 2.9% after the rental car giant announced plans to team up with BP (LON: BP ) (NYSE: BP ) to build a new network of electric vehicle charging stations throughout the United States.
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