Johnson & Johnson, Rivian, Lordstown et plus – .

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Johnson & Johnson, Rivian, Lordstown et plus – .


Find out which companies are making the headlines before the bell:
Johnson & Johnson – Shares of Johnson & Johnson rose nearly 4% in pre-market trading on Friday after announcing plans to separate its consumer health business from its pharmaceutical and medical device business.

Rivian Automotive – Shares of the newly public electric carmaker continued to rally in pre-market on Friday after rising more than 22% in Thursday’s session. This follows Wednesday’s market debut where the stock jumped 29%. The Amazon and Ford-backed company has already surpassed Ford and General Motors in terms of market capitalization, reaching a valuation of $ 104.9 billion.

Lordstown Motors – Shares of the auto startup fell 10% in pre-market trading on Friday after the company reported another quarter with no earnings. Lordstown has announced plans to produce and deliver its Endurance truck in the third quarter of 2022. The company’s loss per share was lower than expected in its final quarter, according to Refinitiv. BTIG also downgraded Lordstown Motors to neutral from purchasing.

WM Technology – Software company WM Technology was down 13% in pre-market trading on Friday after missing the upper and lower lines of its quarterly results. WM Technology’s forecast for the fourth quarter was also lower than expected.

Nvidia – Shares of chip stock edged down in pre-market trading on Friday after Wedbush downgraded Nvidia’s rating to neutral from valuation outperformance. The Wedbush analyst struggles to justify Nvidia trading 55 times the company’s numbers in 2024.

Hewlett Packard Enterprise – Hewlett Packard Enterprise shares fell in pre-market trading on Friday after Goldman Sachs lowered the share to neutral, citing a weakening IT spending environment in late 2021 and early 2022 The Wall Street company lowered its price target to $ 14 per share from $ 16 per share.

Blink Charging – Shares of electric vehicle charging stock rose 5% in pre-market trading on Friday as investors applauded strong third quarter earnings. The company reported revenue of $ 6.4 million, well ahead of the $ 4.7 million expected by analysts, according to Refinitiv.

Caesars Entertainment – Casino shares rose in pre-market trading on Friday after B Riley Securities launched the Caesars Entertainment cover with a buy rating and a target price per share of $ 191.

Warby Parker – Shares of the eyewear company fell in pre-market trading on Friday, after the company reported larger-than-expected losses, with direct listing costs offsetting the 32% growth in sales. Warby’s net loss for the three-month period ended Sept. 30 widened to $ 91.1 million, or $ 1.45 per share, from a loss of $ 41.6 million, or 78 cents per share. action, a year earlier.

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