Yahoo Finance Trending tickers: Anglo American | Tesla | JD | Lyft
The latest investor updates on stocks that are trending on Friday
Anglo American (AAL.L)
Miner Anglo American led gains in the FTSE 100 (^FTSE) on Friday after news that it is looking to sell almost half (a 49% stake) of a fertiliser mine being built under the North York Moors National Park.
The Woodsmith project had been bought by Anglo American from Sirius Materials in 2020 for £405m ($515m). It extracts polyhalite, a type of nutrient-rich fertiliser, from a mile beneath the North York Moors national park near Whitby. It then transporting it for processing via a 23-mile tunnel to Teesside.
The Times reported on Wednesday that CEO Duncan Wanblad told city analysts the company is looking "to find a partner" for the mine.
Read more: FTSE and European markets mixed on last day of trading
Shares have gained steadily all week, rising a further 1% on Friday morning, the last trading day of the year.
Tesla (TSLA)
Telsa retraced losses on Friday, rising more than 1% in premarket trade, after finishing more than 3% lower in the previous session.
The electric vehicle (EV) maker has been volatile in recent days following a note by Morgan Stanley analyst Adam Jonas, which told investors to "expect another challenging year for the auto business." The note covered Tesla's ventures into robotics and AI, which it said could push the stock higher against margin pressures.
Read more: Stocks that are trending today
Jones' team reiterated the "overweight" rating and $380 price target per share it has on Tesla's stock.
JD.com (JD)
JD's stock rose in premarket trade after it was revealed it had won an anti-monopoly lawsuit against Chinese e-commerce giant Alibaba (BABA).
Alibaba was fined 1 billion yuan ($140.7m) over monopolistic practices.
Stock was up more than 1% before the opening bell, having risen 2.7% on Thursday.
Lyft (LYFT)
Ride hailing app Lyft saw its stock tumble more than 5% in premarket trade on Friday, as analysts and hedge funds adjusted price targets and positions on the stock.
It had rallied as much as 2.1% on Thursday.
The downward moves came following a disclosure with the US Securities and Exchange Commission (SEC) that chief accounting officer Lisa Blackwood-Kapral has sold 18,581 shares of the company.
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