Stocks making big moves premarket: Dish Network, Bluegreen, Albemarle and more

by | Nov 6, 2023 | Financial

Check out the companies making headlines before the bell. Tesla — Stock in the electric vehicle company ticked up roughly 2% after a report from Reuters said Tesla plans to build and produce electric vehicles that will sell for 25,000 euros ($26,859) at a factory near Berlin. The move has been long anticipated as Tesla attempts to make more affordable EVs. Bluegreen Vacations — The vacation time share provider soared more than 100% after agreeing to a sale to Hilton Grand Vacations for $75 a share in cash in a deal expected to close in the first half of 2024. RingCentral — The cloud communications stock jumped 3.9% ahead of its earnings due after the bell on Monday. Analysts surveyed by FactSet expect earnings of 75 cents per share on revenue of $554.2 million, while the company’s own guidance was for earnings of 75 cents to 78 cents per share and revenue of $552 million to $556 million. Paramount Global — Shares of the owner of CBS TV and Simon & Schuster slipped nearly 4% after Bank of America downgraded the stock to underperform from buy. The investment firm warned that Paramount is less valuable if it isn’t considering selling off some of its assets. The downgrade comes after the stock rose 27% last Thursday and Friday, boosted by a strong third-quarter report. Dish Network — Shares dropped 6.2% pr …

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