Board Change Sends Stock Upward
Good morning Wake-Up Watchlisters! While you’re sipping that grande mocha java you’ll see stock futures took a sharp dip after mixed quarterly results from major tech companies weighed on the index.
Here’s a look at the top-moving stocks this morning.
TuSimple Holdings (Nasdaq: TSP)
TuSimple Holdings is up 6.24% premarket after the autonomous driving company announced changes to its board. The TuSimple Board of Directors appointed Reed Werner to fill a vacancy. Werner currently serves as the Security Director under the NSA and the company expects him to bring a wealth of government experience while they grow. The company is also set to announce its earnings report on Tuesday, May 3. TuSimple is a stock to keep an eye on going forward.
Tesla (Nasdaq: TSLA)
Tesla is up 3.19% premarket after CEO Elon Musk dumped almost $4 billion in Tesla stock to pay for his $44 billion takeover of social media group Twitter (NYSE: TWTR). Musk said he had no further Tesla sales planned. Tesla is looking strong right now.
United States Steel Corp. (NYSE: X)
United States Steel Corp. is up 4.25% premarket after the company delivered an earnings surprise of $3.05 per share, beating the Zacks Consensus Estimate of $3 per share. Over the last four quarters, the company has surpassed consensus EPS estimates three times. United States Steel Corp. is on the upswing.
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Amazon (Nasdaq: AMZN)
Amazon, Inc. is down 8.54% premarket after a disappointing revenue forecast. This is due to consumers curbing online spending in the face of economic uncertainty and a return to in-person activities. The company reported revenue of $116.4 billion vs. $116.43 billion expected. Amazon also reported a loss on its investment in electric-vehicle maker Rivian Automotive. Amazon is looking volatile right now.
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Those are the top market movers today.
Happy trading!
The Wake-Up Watchlist Research Team