AMC Theater on March 29, 2023 in New York City. Shares of AMC Entertainment jumped as much as 13% after news that Amazon was looking to buy the movie theater chain.
Leonardo Munoz | Corbis News | Getty Images
Take a look at the companies making headlines in morning trading.
AMC Entertainment — Shares jumped 37% after Friday’s judge. rejected the proposed settlement related to AMC Entertainment’s plan to convert preferred stock into common stock. The company said it has submitted a revised stock plan. Preferred shares were down about 2% before the bell.
Domino’s Pizza — Shares lost nearly 4% in premarket trading after Domino’s reported mixed quarterly results. The company reported earnings of $3.08 per share on revenue of $1.02 billion. Analysts polled by Refinitiv were expecting EPS of $3.05 on revenue of $1.07 billion.
Mattel — The toy maker gained 1.5% after releasing a movie based on one of its dolls, Barbie strong opening weekend box office numbers. Warner Bros. Discoverythe parent studio that made the film rose 0.9%.
Tesla — Electric vehicle stocks lost more than 1% after UBS. reduced shares to an underweight rating, with the recent rise fully accounting for the increase in demand caused by recent price cuts.
American Express — Financial services stocks lost nearly 2% before the bell after Piper Sandler downgraded the stock to underweight and lowered its price target. The firm cited concerns that the company will meet its revenue and profit growth targets.
UPS — The stock lost more than 1% before the bell as roughly 340,000 workers prepare for a nationwide strike.
Shopify — E-commerce stocks jumped 2.5% afterward. MoffettNathanson upgraded the stock to a better rating, with Shopify’s business approaching an inflection point.
Chevron — Shares after Chevron jumped 0.5%. he announced Longtime company veteran Eimear Bonner will become the next CFO next year. The company announced preliminary results for the second quarter on Sunday evening. Chevron reported adjusted earnings of $3.08 per share, beating analysts’ estimates.
— CNBC’s Alex Harring and Hakyung Kim contributed reporting