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SoFi shares dip premarket amid insider sale, upgrade; focus turns to jobs data
SoFi Technologies stock edged lower in premarket trading as investors weighed a director's share sale against a bullish upgrade from Citizens. Market attention shifts to key U.S. labor market data.
Shopify Surges on Strong Q4 Revenue and $2 Billion Share Repurchase Plan
Shopify's stock climbed over 7% premarket after reporting Q4 revenue of $3.67 billion, beating expectations, and announcing a $2 billion share buyback program.
Novelis Targets June Restoration for Fire-Damaged Oswego Plant as Q3 Loss Hits $160M
Novelis posted a $160 million Q3 loss after fires disrupted its Oswego aluminum plant, cutting shipments 11%. Repairs aim for June completion, but Ford warns full output may not resume until September, pressuring F-150 costs.
Hims & Hers Shares Stabilize After Novo Nordisk Patent Lawsuit Rattles Weight-Loss Strategy
Hims & Hers stock edged up 0.1% premarket following steep declines after Novo Nordisk filed a patent lawsuit over compounded semaglutide. Investors await court developments, FDA signals, and the company's Feb. 23 earnings.
Nationwide Pioneers Fully Digital Mortgage Signing in UK Market
Nationwide Building Society has launched the UK's first fully digital mortgage signing process, eliminating the need for physical witnesses. The move aims to accelerate property transactions amid industry-wide delays.
Ondas Shares Stabilize Premarket Following 6% Decline Amid Israel Demining Contract
Ondas Holdings steadied in premarket trading after a 6.4% drop, as investors digest a new $30 million multi-year demining contract in Israel. Goldman Sachs disclosed a 4.2% stake in the company.
Tesla Shares Edge Lower Amid Leadership Shift and China Tech Partnership
Tesla stock dipped 0.2% in premarket trading following a management reshuffle and a new collaboration with Tencent for WeChat integration in Chinese vehicles. The company also faces labor tensions at its German plant.
Plug Power Shareholder Vote Hangs in Balance as Stock Nears $2 Threshold
Plug Power shares declined 2.9% to $2.04 after a key proposal to double authorized shares narrowly failed to secure majority approval. The company also received revised job targets for its New York headquarters incentives.
Ford Shares Flat Despite $11.1B Q4 Loss, Eyes on 2026 Profit Targets
Ford stock showed little movement after reporting a significant quarterly loss, while projecting a strong profit rebound by 2026. Ongoing tariff pressures and supply chain issues continue to challenge the automaker's core truck business.
Sheng Siong Stock Slides on OCBC Downgrade Despite Higher Valuation Target
Sheng Siong shares fell sharply after OCBC cut its rating to 'hold', citing elevated valuations ahead of the company's upcoming earnings report, even as the bank raised its price target.
Intel Recovers Slightly After Sharp Sell-Off, Focus Shifts to Upcoming Catalysts
Intel shares edged higher in premarket trading Wednesday, attempting to stabilize after a 6% decline. Investors are assessing macro risks and awaiting the company's upcoming presentation at Mobile World Congress.