Market Insider

In this article

Micron Technology headquarters in Boise, Idaho, March 28, 2021.
Jeremy Erickson | Bloomberg | Getty Images

Check out the companies making headlines in premarket trading.

Micron Technology – Shares jumped more than 6% following news that Samsung Electronics plans to cut memory chip production near term. Many Wall Street analysts said the move could accelerate a recovery within the memory chip industry.

Pioneer Natural Resources – The stock popped 7% before the bell after the Wall Street Journal reported that Exxon Mobil has held informal talks to acquire Pioneer. Exxon shares fell 0.6%.

Tesla – The electric vehicle stock fell nearly 2% before the bell. Tesla said it plans to build a “megapack” battery factory in Shanghai and cut vehicle prices again.

First Republic – Shares fell more than 3% after the regional bank suspended dividend payments on preferred stock.

Taiwan Semiconductor Manufacturing – U.S.-listed shares of the Taiwan-based semiconductor stock fell nearly 1% before the bell after the company reported a monthly drop in revenue.

Capital One Financial — Shares of the financial company fell more than 4% in premarket trading after Capital One said in a filing that Walmart is moving to end its credit card partnership. Capital One said in a filing that Walmart is suing to end the agreement, while Capital One maintains that the retail giant does not have a right to end the agreement early.

Block – The Square and Cash App parent lost nearly 2% in the premarket following a downgrade to market perform from outperform by KBW. The firm said the company is feeling pressure from a growing list of small risks. 

— CNBC’s Alex Harring and Jesse Pound contributed reporting

Articles You May Like

The Three Catalysts Sending Stocks to the Moon
What the stock market typically does after the U.S. election, according to history
Trump Media shares surge as Trump wins presidential election
My Urgent Election Debrief
Election Day 2024: Sure Fire Stock Gains No Matter the Victor