Shares of various companies experienced significant movements in pre-market trading, driven by recent developments and analyst updates.
Vistra and Oklo, both nuclear power firms, saw their stocks surge by 15% and 18%, respectively. These increases came after the companies secured agreements to support Meta’s artificial intelligence initiatives. In another notable development, Intel’s shares increased nearly 3% following a positive social media post from former President Donald Trump. He praised Intel during a meeting with its CEO, Lip-Bu Tan, highlighting the U.S. government’s ownership stake and its financial benefits for the American public.
Southwest Airlines also reported a more than 3% rise in its stock value after JPMorgan upgraded the airline from an underweight to an overweight rating and raised its price target from $36 to $60. Meanwhile, WD-40 shares ticked up by 2% as the company confirmed its full-year earnings guidance of $5.75 to $6.15 per share, aligning with analyst estimates.
Conversely, General Motors faced a 2% decline in its stock price after announcing $7.1 billion in special charges, attributed to restructuring efforts in China and decreased electric vehicle demand. The company is set to report its fourth-quarter earnings on January 27. Olin experienced a sharp drop, with shares plunging 10% after the chemicals manufacturer reduced its fourth-quarter EBITDA guidance to approximately $67 million, a significant decrease from its previous estimate of $110 million to $130 million.
Why this story matters:
- Stock movements can signal investor confidence and industry trends.
Key takeaway:
- Partnerships and positive analyst reviews can significantly influence stock prices.
Opposing viewpoint:
- Market reactions can be speculative and do not always reflect long-term company performance.
