© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Monday, April 25th. Please refresh for updates.
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Coca-Cola (NYSE:) stock rose 1.3% after the reported stronger than expected quarterly earnings, with net sales jumping 16%, helped by higher prices and a rebound in demand for its sodas at theaters and restaurants.
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Twitter (NYSE:) stock rose 5% after Reuters reported that the is nearing a deal to sell itself to Elon Musk for $54.20 per share in cash, the price the Tesla (NASDAQ:) CEO called his ‘best and final’ offer.
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Alibaba (NYSE:) ADRs fell 3.6%, JD.com (NASDAQ:) ADRs dropped 1.% and Baidu (NASDAQ:) stock fell 3.6% on fears that the wave of COVID-19 cases now hitting Beijing will impact these China-based companies.
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Activision Blizzard (NASDAQ:) stock fell 0.1% after the videogame publisher missed estimates for first quarter adjusted sales, hurt by low demand for its latest “Call of Duty” title.
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Philips (NYSE:) ADRs fell over 12% after the Dutch-based medical technology group warned multiple risks to its growth outlook for the year while expanding a recall of ventilators.
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KKR (NYSE:) stock fell 0.7% after the investment company announced it has raised $19 billion from investors for its latest flagship North America private equity fund, its biggest fund ever.
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Penn National Gaming (NASDAQ:) stock rose 2.2% after Morgan Stanley lifted its recommendation to ‘overweight’ from ‘equal weight’, saying the company offers value after recent underperformance.
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