Tesla, Nutanix, Meta and more

Check out the companies making headlines before the bell:

You’re here (TSLA) – Tesla CEO Elon Musk has said he will refrain from selling more Tesla shares for 18 to 24 months. Musk has sold about $39 billion worth of stock over the past year, as part of his $44 billion deal to buy Twitter. Tesla gained 1.2% premarket.

Nutanix (NTNX) – Nutanix fell 16.6% in premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company.

Metaplatforms (META) – Meta and users of its Facebook platform have settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. The lawsuit stemmed from the 2018 revelation that data firm Cambridge Analytica had collected information from tens of millions of Facebook users.

Mission products (AVO) – The avocado grower reported lower-than-expected profits and revenue as increased volume was not enough to offset falling avocado prices. Mission Produce fell 13.7% in premarket trading.

3M (MMM) – 3M has been barred by a judge from shifting liability to a subsidiary in a case involving combat earplugs. The case stems from injuries sustained by members of the military who used the allegedly faulty earplugs.

Toro (TTC) – Lawn care and outdoor products company upgraded to outperform market performance at Raymond James, which set a price target of $130 from yesterday’s close of $111.15 per share. Toro also reported better-than-expected quarterly results earlier this week. The stock added 1% in premarket action.

biogenic (BIIB) – Japanese partner of Biogen Eisai confirmed to Reuters reports of a third death in a trial of their experimental treatment for Alzheimer’s disease and said the cause was being investigated.

Oil Services Stocks – Halliburton (HAL) grew by 1.4% in pre-marketing, with Schlumberger (SLB) up 1.3% and hugue baker (BKR) up 1%. The gains come as the price of crude rises more than 2% in early trading.


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