See which businesses are in the news before the bell rings.
Gap – Following JPMorgan’s upgrade of shares to overweight, the dress retailer’s stock surged 4.7%. A robust start to the holiday shopping season and a multi-year growth outlook were noted by the company.
Stellantis: Following CEO Carlos Tavares’ unconditional resignation, the company’s stock fell 9%.
Tesla — The electric car manufacturer’s stock increased 2.2% after its vice president of AI software announced on Saturday night that some customers had begun receiving version 13 of its “Full Self-Driving” driver-assistance software.
Intel – Following the news that CEO Pat Gelsinger had retired, the chipmaker’s stock jumped 6%. The business appointed Michelle Johnston Holthaus and David Zinsner as its temporary co-CEOs.
Hasbro — Investors kept an eye on the toy and gaming company’s sales figures around Black Friday, and the stock increased by 1.7%.
Steel producers — After Goldman Sachs analyst Mike Harris began covering Cleveland-Cliffs with a buy rating, the company’s shares increased by more than 1%.
Source (CNBC)
