Stock Markets16 hours ago (Jan 11, 2022 07:51AM ET)
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Tuesday, January 11th. Please refresh for updates.
Tesla (NASDAQ:TSLA) stock rose 0.9% after the U.S. electric vehicle maker sold 70,847 China-made vehicles in December, the highest monthly rate since it started manufacturing in Shanghai in 2019.
Twitter (NYSE:TWTR) stock rose 0.6% after the social media giant bought a minority stake in digital advertising startup Aleph Group.
Rivian (NASDAQ:RIVN) stock fell 4.1% following reports that head of operations Rod Copes left the electric vehicle maker at the end of last month.
General Electric (NYSE:GE) stock rose 1% after Bernstein initiated coverage of the industrial conglomerate with a “buy” rating, saying the stock can rally 20% ahead of its three-way split.
CVS Health (NYSE:CVS) stock rose 1.3% after the pharmacy chain raised its full-year earnings outlook, benefiting from the need for customers to buy Covid tests and remedies.
Vir Biotechnology (NASDAQ:VIR) stock rose 8.9% after the United States agreed to buy 600,000 more doses of the antibody-based Covid-19 treatment the U.S. drugmaker manufacturers with British partner GSK.
Illumina (NASDAQ:ILMN) stock rose 4.5% after impressing with its 2022 revenue outlook, noting strong demand for its gene sequencing treatments.
IBM (NYSE:IBM) stock fell 2.6% after UBS downgraded its stance on the tech giant to “sell” from “neutral”, citing an elevated valuation.
Tesla, Vir Biotechnology, Illumina Rise Premarket; Rivian Falls
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