January 29, 2023

NasdaqNewsUpdates

Complete News World

Tesla, Cal-Maine, Southwest, and others

Check out the companies making headlines before the bell:

Tesla (TSLA) — Tesla rose 4.4% in a premarket after posting its first rally in eight sessions on Wednesday, softening the blow to its stock in what will remain the worst year on record for Tesla shares.

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Cal Maine Foods (CALM) – Cal-Maine fell 4.9% in premarket trading after its quarterly earnings fell short of Wall Street expectations. Cal-Maine reported record sales for the quarter as the bird flu outbreak continued to limit its egg supply, sending prices up sharply. The company also said there were no positive bird flu tests at any of its production facilities, as of Wednesday.

Southwest Airlines (LUV) – Southwest remains in check as the airline He struggles to recover One of the problems that caused the cancellation of thousands of flights over the past week. The stock is up partially this morning after falling 11% over the past two days.

Lockheed Martin (LMT) – Lockheed Martin’s Sikorsky unit is challenging award of a US Army helicopter contract to Textron (short message). Sikorsky’s president, Paul Limo, said the various proposals for the $1.3 billion contract had not been properly evaluated.

immune system (IMGN) — Immunogen fell 2.7% in the primary market after the biotech company announced that Chief Financial Officer Susan Altshuler will not return from the Family and Medical Leave Act hiatus. Vice President and Chief Account Officer, Rene Lentini, has been appointed Interim Chief Financial Officer.

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General Electric (GE) — GE’s spin-off GE HealthCare Technologies will join the S&P 500 when it begins trading as a separate public company on January 4. GE HealthCare will replace Vornado Realty Trust (VNO), which will move into the S&P MidCap 400. Vornado will replace the logistics company RXO (RXO), which will move into the S&P SmallCap 600. GE HealthCare — which trades on an issue basis — rose 1% in the primary market, while Vornado was slightly lower and RXO jumped 3.3%.

an Apple (AAPL) – Apple Inc rose 1% in premarket trading after closing Wednesday at a 1-1/2-year low. Apple’s price is down 29% for 2022.