March 29, 2023, AMC Theaters, New York City.
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Check out the companies making headlines in morning trading.
AMC Entertainment — Shares jumped 37% after a judge on Friday rejected a settlement proposal related to AMC Entertainment’s plan to convert preferred stock into common stock. The company said it has filed a revised stock plan. Preferred shares were down about 2 percent premarket.
Domino’s Pizza — Domino’s shares fell 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 expected earnings of $3.05 a share on revenue of $1.07 billion.
Mattel — Shares of the toymaker rose 1.5% after a movie based on one of its Barbie dolls enjoyed a strong opening weekend. Warner Bros. DiscoveryShares in the parent company of the studio that made the film rose 0.9%.
tesla — Electric vehicle stocks fell more than 1% after UBS downgraded the stock to an underweight rating, saying the recent gains were entirely due to a demand boost from recent price cuts.
American Express — Financial services shares fell nearly 2% premarket after Piper Sandler downgraded the stock to underweight and lowered its price target. The company expressed concern about the company meeting its revenue and profit growth targets.
ups — Shares fell more than 1 percent in premarket trading as about 340,000 workers prepared to go on strike nationwide.
Shopping — The e-commerce stock rose 2.5% after MoffettNathanson upgraded the stock to outperform and said Shopify’s enterprise business was approaching an inflection point.
Chevron — Chevron shares rose 0.5 percent after announcing that company veteran Eimear Bonner will take over as chief financial officer next year. The company reported preliminary second-quarter earnings results Sunday night. Chevron reported adjusted earnings of $3.08 per share, topping analysts’ expectations.
— CNBC’s Alex Harring and Hakyung Kim contributed reporting.