Check out the companies making headlines in premarket trading. Li Auto , Tesla — The electric vehicle makers tumbled more then 7% and 3%, respectively, following announcements of price cuts. Tesla chopped down the sticker price of its Model 3 in China, on top of decreases in other markets Reuters reported . Li lowered price tags on many models, including its newly launched MEGA SUV. U.S. shares of Chinese electric vehicle makers Nio and Xpeng slipped more than 2% in tandem. Verizon — The telecommunications giant traded 1.5% higher as earnings per share came in ahead of expectations. Verizon earned $1.15 a share, excluding items, in the first quarter, three cents more than the consensus forecast of analysts surveyed by FactSet. However, the New York-based company posted $33 billion in revenue, slightly under the $33.32 billion figure penciled in by Wall Street. Verizon also reaffirmed its full-year guidance for several measures. Riot Platforms — The bitcoin miner popped 5.9% on the back of JPMorgan Chase reiterating its overweight rating. JPMorgan said it felt good about Riot’s position as a bitcoin leader coming out of the company’s analyst day. The call also follows the cryptocurrency’s fourth-ever “halving” event on Friday. Crypto stocks — Beyond Riot, several other bitcoin-related names moved on the heels of the halving. Coinbase rose …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Li Auto , Tesla — The electric vehicle makers tumbled more then 7% and 3%, respectively, following announcements of price cuts. Tesla chopped down the sticker price of its Model 3 in China, on top of decreases in other markets Reuters reported . Li lowered price tags on many models, including its newly launched MEGA SUV. U.S. shares of Chinese electric vehicle makers Nio and Xpeng slipped more than 2% in tandem. Verizon — The telecommunications giant traded 1.5% higher as earnings per share came in ahead of expectations. Verizon earned $1.15 a share, excluding items, in the first quarter, three cents more than the consensus forecast of analysts surveyed by FactSet. However, the New York-based company posted $33 billion in revenue, slightly under the $33.32 billion figure penciled in by Wall Street. Verizon also reaffirmed its full-year guidance for several measures. Riot Platforms — The bitcoin miner popped 5.9% on the back of JPMorgan Chase reiterating its overweight rating. JPMorgan said it felt good about Riot’s position as a bitcoin leader coming out of the company’s analyst day. The call also follows the cryptocurrency’s fourth-ever “halving” event on Friday. Crypto stocks — Beyond Riot, several other bitcoin-related names moved on the heels of the halving. Coinbase rose …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
