Check out which companies are making headlines before the bell.
Eli Lilly — Eli Lilly stock jumped 2% after a panel of FDA advisors recommended approval of its Alzheimer’s medicine, donanemab.
General Motors – The automaker’s stock rose more than 1% after its board approved a $6 billion buyback programme.
Shopify – The e-commerce stock gained around 1% after JPMorgan initiated covering with an overweight rating. The investment firm stated in a client letter that the recent drop in Spotify’s price represents a purchasing opportunity.
Apple — A day after the iPhone maker’s Worldwide Developers Conference, where it unveiled its artificial intelligence aspirations, dubbed Apple Intelligence, Apple shares fell by less than 1%. The business added that Siri will make use of ChatGPT from OpenAI.
DXC Technology: The information technology company’s shares increased by 3% as a result of a Reuters report stating that Apollo Global and Kyndryl Holdings are jointly attempting to acquire it, with an alleged offer ranging from $22 to $25 a share.
GameStop: Continuing its wild journey, GameStop’s stock fell 1% before to the bell. The retailer of video games saw a 12% drop on Monday, carrying on a Friday loss that was sparked by an unexpected earnings report and meme stock leader Keith Gill’s first livestream in a few years.
Calavo Producers — After the avocado distributor exceeded its most recent quarterly estimates, shares surged by 15%. Calavo Growers exceeded FactSet’s average projections of 36 cents per share in profit and $160.3 million in revenue with its second-quarter earnings of 50 cents per share on revenue of $184.4 million.
Source (CNBC)
