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The Most Volatile Stocks Before Market

Before the bell, take a look at the companies grabbing the headlines.

Fisker: The electric car startup experienced a more than 18% decline in value following the release of light vehicle deliveries and the failure to meet third-quarter earnings estimates. Towards the end of the quarter, the business saw, the pace at which car deliveries were made expedited.

Vistagen Therapeutics — After Stifel began covering the biotechnology company with a buy rating and a $12 price target, which indicated a more than 300% increase from Monday’s close, the shares surged 2.6%. The investment bank believes that Vistagen’s anxiety medication has a sizable market.

In premarket trading, Kraft Heinz, the massive food and beverage company, gained 1.6% after Bernstein upgraded the stock from market perform to outperform. Given its “protein-forward portfolio” in the US and its low value, the company believes Kraft Heinz is better-positioned than its food peers in an anti-obesity medicine environment.

On Holding: Despite the firm announcing a beat on earnings and revenue and improving its net sales target for the entire year, shares of the sports footwear and clothing producer fell 9%. Since becoming public two years ago, the company claims to have achieved its greatest gross profit margin.

Home Depot: The company’s third-quarter earnings and revenue exceeded forecasts, and the retail home improvement stock increased by almost 1%. However, share gains were limited because Home Depot provided mediocre full-year forecasts and its quarterly sales fell 3% from the same period last year.

Source (CNBC)

SourceCNBC
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