By peter nurse
Investing.com - stocks in focus in premarket trade on friday, january 6th. Please refresh for updates.
• Tesla (nasdaq:tsla) stock fell 6.2% after the electric car manufacturer cut its prices in china for the second time in less than three months, stoking expectations of a wider price war in the world's largest auto market.
• Bed bath & beyond (nasdaq:bbby) stock slumped 12% after the troubled retailer said thursday it was running out of cash and was exploring options, including bankruptcy.
• Silvergate capital (nyse:si) stock fell over 11% after jpmorgan downgraded its stance on the crypto bank to 'neutral' from 'overweight', saying mounting withdrawals are a cause for concern.
• World wrestling entertainment (nyse:wwe) stock rose 10% after former chief vince mcmahon said he intends to return as executive chairman to involve himself in the company's media rights negotiation process and review of strategic alternatives.
• Shell (nyse:shel) adrs rose 0.4% after the energy giant said it had a strong fourth quarter for gas trading, despite the sharp fall in natural gas, and thus will pay an additional $2 billion in taxes in the fourth quarter.
• Bank of america (nyse:bac) stock fell 0.7% and jpmorgan chase (nyse:jpm) stock fell 0.8% after deutsche bank downgraded its stance on both banking rivals, citing weakening fundamentals.
• Southwest airlines (nyse:luv) stock fell 2.5% after the carrier revised its fourth quarter forecast to net loss from “strong profit” after a technological meltdown forced it to cancel thousands of flights over the festive period.