As investors prepared for a tidal wave of large tech and other corporate earnings reports, stocks fell on Monday. Here are the 24 April market movers.
- Tesla Inc (NASDAQ: TSLA) shares fell 2.9% after the electric vehicle manufacturer announced it would spend more than originally anticipated to increase production this year. It increased its forecast for capital expenditures from $6 billion to $8 billion to $7 billion to $9 billion.
- Bed Bath & Beyond Inc (NASDAQ: BBBY) shares dropped 32.8% on Monday after the struggling home goods retailer filed for bankruptcy. Cash-raising efforts through the sale of stock fell short of expectations.
- First Republic Bank (NYSE: FRC) shares climbed 9% ahead of the regional bank’s earnings release after the closing bell tonight. Investors will pay close attention to the executives’ commentary on lending and deposit trends.
- The Walt Disney Company (NYSE: DIS) stock declined 0.6% after the Hollywood studio, theme park, and media conglomerate initiated another round of employment cuts as part of a 7,000-person reduction effort.
- Getty Images Holdings Inc (NYSE: GETY) shares soared 36% after activist investor Trillium Capital offered to purchase the outstanding shares it does not already own for $10 per share, valuing the stock-photo platform at $3.95 billion.
Network Hype Team