Yahoo Finance Stocks - Tesla, BAT, Newmont Rise in Premarket; Incyte Falls
Investing.com -- Stocks in focus in premarket trade on Thursday, 3rd January.
Tesla (NASDAQ:TSLA) stock rose 1.7% after the company reported it shipped a record 112,000 vehicles in the three months through December, 6,000 more than Wall Street forecasts. As such, it delivered roughly 367,500 cars last year, a 50% increase from 2018.
Incyte (NASDAQ:INCY) stock fell 10.4% after the biopharma company said after the bell on Thursday that its itacitinib drug had failed a late-stage clinical trial. The drug was intended for use in combination with corticosteroids to treat patients whose bodies reject transplanted bone marrow or stem cells.
Newmont Goldcorp (NYSE:NEM) stock rose 1.8%, shadowing the rally in the precious metal after a U.S. airstrike killed an Iranian general, triggering a flight to haven assets in markets worldwide.
Oil producers broadly rose in reaction to the spike in crude prices after the U.S. airstrike. Devon Energy (NYSE:DVN) rose 3.0%, Occidental Petroleum (NYSE:OXY) rose 2.7%, ConocoPhillips (NYSE:COP) rose 1.6% and Exxon Mobil (NYSE:XOM) rose 1.0%. Chevron (NYSE:CVX) rose 0.7%.
Arista Networks (NYSE:ANET) fell 1.4% after it announced the departure of its chief customer officer late on Thursday.
British American Tobacco (LON:BATS) ADRs rose 2.2% after the company said it will file applications for regulatory approval of all its vaping products by the FDA’s May 12 deadline.
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