Stocks making the biggest moves premarket: Tesla, Coty, PayPal and more
Publishing timestamp: 2023-01-03 12:41:25
Summary
This article discusses several public companies and their stock performance in premarket trading. Tesla shares fell 5% after reporting record 40% growth in deliveries, but numbers missed analyst expectations. Coty stock rose 2.7% after being upgraded by Piper Sandler to overweight from neutral. PayPal shares gained nearly 3% premarket following upgrade to buy from hold rating by Truist. Wynn Resorts jumped 3% in premarket trading after Wells Fargo upgraded casino stock to overweight from equal weight on Macau reopening optimism. Molson Coors Beverage dipped 1% after being downgraded to underweight from equal weight by Wells Fargo. Linde stock dropped nearly 3% after Russia froze almost $500 million of assets of German industrial gas company.
Sentiment: NEGATIVE
Tickers: PYPL, TSLA, MGM, WYNN, COTY, LIN, LVS, TAP,
Keywords: stock markets, wynn resorts ltd, market insider, las vegas sands corp, linde plc, mgm resorts international, business, paypal holdings inc, molson coors beverage co, coty inc, business news, markets, tesla inc, economy, breaking news: markets,