Shares of Twitter, Inc. (TWTR) are up by more than 2 percent this morning following a Bloomberg report saying the social media company won a deal to show Thursday night National Football League games online news.
Twitter was said to be bidding against a number of heavyweights including Verizon (VZ), Yahoo (YHOO), and Amazon.com (AMZN). Facebook (FB) dropped out of the bidding last week, according to the report.
Shares of Tesla Motors (TSLA) are down by 3.50% in pre-market hours after the automaker announced that it delivered 14,820 luxury vehicles in the 1Q16, falling short of the expected 16K deliveries. Tesla’s output was slowed in part by supplier shortages and what the co. called its own “hubris in adding far too much new technology to the Model X.”
Separately, Tesla’s price target was raised this morning to $280 from $240 at Credit Suisse (CS).
TSLA is down by more than 9 points at $237.66 as of this writing.
Lumber Liquidators Holdings, Inc. (LL) – Bloomberg reports that the flooring company has secured dismissal of cancer lawsuit related to formaldehyde found in some of its laminate flooring.
So far this morning, LL is indicated +18 cents at $13.00.
Allergan (AGN) is lower by nearly 20% in the pre-market after new rules from the Treasury Department, which will make it difficult for companies to reduce their tax burdens by issuing debt to foreign parents, cast more doubt on the prospects for Allergan’s $160 billion pending reverse merger with Pfizer (PFE).
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!