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Investing.com — Stocks in focus in premarket trade on Wednesday, April 26th. Please refresh for updates.
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Microsoft (NASDAQ:) stock rose 8% after Britain’s top competition regulator moved to block the ’s expensive acquisition of video game publisher Activision Blizzard (NASDAQ:), which fell 11%. Microsoft’s key intelligent cloud division posted late Tuesday $22.1 billion in revenue in the first quarter of 2023, an uptick of 16% compared to the same period last year.
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Alphabet (NASDAQ:) stock fell 0.6% after the posted a slight slip in quarterly advertising revenue to $54.55B.
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Boeing (NYSE:) stock rose 3.8% after the aircraft manufacturer announced plans to boost 737 MAX production to 38 planes per month while backing its annual cash flow goal.
- First Republic Bank (NYSE:) stock fell 15%, set to hit a record low as investors worry about the troubled lender’s plans to turn around its business.
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Tesla (NASDAQ:) stock fell 0.2% after Jefferies downgraded its stance on the electric vehicle manufacturer to ‘hold’ from ‘buy’, after last week’s warning of continued price cuts.
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General Dynamics (NYSE:) stock rose 1% after the defense company reported a 5.2% rise in quarterly revenue, boosted by strong demand for weapons amid geopolitical instability.
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Humana (NYSE:) stock rose 1.9% after the health insurer raised its full-year adjusted profit forecast, banking on strength in its government-backed schemes.
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CME Group (NASDAQ:) stock rose 1.3% after the exchange operator posted higher , helped by market volatility amid a banking crisis and worries over slowing macroeconomic growth.
