Home Investing Apple, Chevron, Biogen fall premarket; Univar, Pinduoduo rise By Investing.com

Apple, Chevron, Biogen fall premarket; Univar, Pinduoduo rise By Investing.com

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Investing.com — Stocks to Watch pre-market Trading on Monday, November 28th. Please update to update.

  • apple (NASDAQ:) Shares fell 1.8% after the report showed. tech giant Nearly 6 million iPhone Pro units are out of production due to disruptions at a major assembly plant in China.

  • universal (NYSE:) Brenntag (ETR:) shares surged more than 10% after it announced it was in preliminary talks with a chemical company about a possible merger.

  • chevron (NYSE:) Stocks fell 2% after rising coronavirus cases and social unrest in China, the world’s largest importer, sent prices plummeting. These losses came despite Chevron obtaining a US license to expand production in Venezuela.

  • biogen (NASDAQ:) Shares fell 4% after an online report said a woman in a trial of the experimental Alzheimer’s disease treatment lecanemab had recently died.
  • anheuser busch inbev (EBR:) ADR rises 4.2% after JPMorgan raises stance on world’s largest beer company from ‘sell’ to ‘buy’, slowing demand for hard seltzer could present opportunity for beer giant said there is.

  • Pindudu (NASDAQ:) China’s online retailer outperformed expectations, stocks rose 14%, aided by COVID-related lockdowns that forced consumers to shop online.

  • draft kings (NASDAQ:) Shares fell 4.6% after JP Morgan downgraded the sports betting firm from ‘neutral’ to ‘underweight’, saying rivals looked more attractive.

  • Williams Sonoma (NYSE:) Stocks fell 4.4% after Morgan Stanley cut its stance on home furnishings retailers from ‘equal weight’ to ‘underweight’, saying they could fall another 18%.

  • credit suisse (NYSE:) Shares fell 3.6% after the head of the lender’s Swiss division said “some customers have withdrawn some of their money, but very few have actually closed their accounts.” Last week, the Swiss bank said it expected a large pre-tax loss in the fourth quarter.

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