Coca-Cola, Workday and Ulta Beauty Rise Premarket By

Coca-Cola, Workday and Ulta Beauty Rise Premarket By

© Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Friday, August 28th. Please refresh for updates.

  • Coca-Cola (NYSE:) stock rose 1% after the soft drinks manufacturer announced it would reduce its global workforce as part of a company-wide restructuring. The company said it would incur about $350 million to $550 million in severance expenses.
  • Workday (NASDAQ:) stock soared 10% after the cloud software company reported better-than-expected quarterly revenue and earnings. It also said that Chano Fernandez had been promoted to co-CEO to pair with Aneel Bhusri.
  • Ulta Beauty (NASDAQ:) stock soared 13% after the retailer reported better-than-expected second-quarter profits, after its online sales tripled.  

  • Tesla (NASDAQ:) stock rose 2.1% after co-founder Elon Musk confirmed Thursday that the company’s gigafactory in Nevada was the target of a cyberattack that was foiled by the FBI. The stock has risen more than 420% since the beginning of this year.

  • Walmart (NYSE:) stock jumped 2.8%, continuing Thursday’s gains after the retail giant confirmed it was teaming up with Microsoft (NASDAQ:), up 0.6%, to bid for the TikTok video sharing site.

  • Dell (NYSE:)stock rose 3.2% after the tech giant posted a smaller-than-expected drop in quarterly revenue and beat profit estimates on robust demand for its products for remote work and online learning.
  • Gap (NYSE:) stock dropped 0.5% despite the clothes retailer reporting a surprise 13% rise in quarterly comparable sales on Thursday, as consumers stuck at home bought more of its Old Navy and Athleta clothing online.

  • United Airlines (NASDAQ:) stock rose 2.8% after the embattled airline announced plans to cut 2,850 pilot jobs between Oct. 1 and Nov. 30 if the government does not extend an aid package to help airlines cover employee payroll for another six months.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.