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Stocks - Apple, Facebook, Tesla, Wells Fargo Fall in Premarket

2018-12-06 22:11    Investing

Stocks - Apple, Facebook, Tesla, Wells Fargo Fall in Premarket Stock News

© Reuters.

Stocks in focus in premarket trade Thursday:

· Apple (NASDAQ:AAPL) stock fell 2% as of 8:20 AM ET (13:20 GMT) after its smartphone lens supplier Largan Precision reported a 25% yearly decline in revenue in November.

· Advanced Micro Devices (NASDAQ:AMD) stock decreased 3% after the U.S. asked Canada to arrest a Huawei Technologies executive, prompting fear that the U.S.-China could reignite trade disputes.

· Momo (NASDAQ:MOMO) stock was down 14% after the Chinese social media company’s earnings per share arrived less than expected.

· Canopy Growth (NYSE:CGC) slipped 5% after the medical marijuana company acquired Storz & Bickel, a Germany-based vaporizer maker for €145 million ($165 million) in cash.

· Tesla (NASDAQ:TSLA) stock inched down 0.25% after news that the automaker’s Chinese factory is starting production in the second half of 2019.

· Facebook (NASDAQ:FB) stock lost 2.5% after Stifel Nicolaus cut its rating to hold, according to CNBC.

· Thor Industries (NYSE:THO) stock slumped 9% after the vehicle maker missed it earnings forecasts, reporting earnings per share of $1.28 vs. $1.67 expected.

· Wells Fargo (NYSE:WFC) stock was down 1.5% after the company said it's firing three dozen managers over a sales scandal, The Wall Street Journal reported.


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