Tesla, Uber Fall Premarket; Palantir Rises

Tesla, Uber Fall Premarket; Palantir Rises

© Reuters.  © Reuters.

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Tuesday, December 8th. Please refresh for updates.

  • Uber (NYSE:UBER) stock fell 1.5% after the ride-hailing company announced plans to sell its driverless car subsidiary to start-up Aurora Technologies, releasing a unit that was once seen as crucial to the future of the firm but which was one of the biggest of many drains on its profitability.

  • Tesla (NASDAQ:TSLA) stock fell 1.7% after the electric car maker announced plans to sell up to 5 million shares from “time to time” through an at-the-market offering.

  • Pfizer (NYSE:PFE) stock rose 0.2% after the U.K. started inoculating the public with the pharma giant’s Covid-19 vaccine, developed along with BioNTech, becoming the first country to do so.

  • Stitch Fix (NASDAQ:SFIX) stock rose 37% after the online retailer turned a surprise profit in its fiscal first quarter and announced a new CFO, with Dan Jedda joining from Amazon (NASDAQ:AMZN).

  • Palantir (NYSE:PLTR) stock rose 5.6% after the data analytics company was awarded a $44.4 million contract by the U.S. Food and Drug Administration, to help to speed up the review of potential new medicines.

  • Toll Brothers (NYSE:TOL) stock fell 3.6% despite the home builder reporting a strong rise in sales in the latest quarter, helped in part by a shift in living preferences in the pandemic. The stock is up almost 25% year to date.

  • JD.com (NASDAQ:JD) ADR rose 0.5% after the successful debut of the Chinese e-c0mmerce giant’s health-care arm, JD Health, on the Hong Kong stock exchange after its IPO.

  • Goldman Sachs (NYSE:GS) stock fell 0.6% after reports that the investment signed an agreement to take full ownership of its China joint venture. This deal, if approved, would make it the first global banking firm to own 100% of its securities business in China.

  • United States Steel (NYSE:X)stock rose 3.6% after announcing it plans to acquire the part of Big River Steel that it doesn’t already own for $774 million, after buying a 49.9% stake in October 2019.

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