Yahoo Finance FedEx, Uber, GE, NCR and Gap Drop Premarket
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, September 16th. Please refresh for updates.
FedEx (NYSE:FDX) stock slumped 20% after the delivery giant pulled a financial forecast it had issued just three months ago, expressing concerns slowing global growth will dent shipping volumes.
Uber (NYSE:UBER) stock fell 3.9% after the ride-hailing company said it was in touch with the law enforcement agencies after a hacker claimed widespread access. General Electric (NYSE:GE) stock fell 4.3% after CFO Dybeck Happe said the industrial conglomerate was still grappling with supply chain bottlenecks which have made it tougher to deliver products to customers on time.
Gap (NYSE:GPS) stock fell 1.1% after Kanye West announced he was seeking to terminate the partnership between his Yeezy company and the apparel chain, saying it failed to meet its obligations under the contract.
NCR (NYSE:NCR) stock fell 17% after the tech company announced plans to separate into two independent publicly traded companies.
Adobe (NASDAQ:ADBE) stock fell 2.4% after Bank of America downgraded the software company to ‘neutral’ from ‘buy’, saying it’s looking for clarity on its latest acquisition.
Bed Bath & Beyond (NASDAQ:BBBY) stock fell 1.8% with the struggling home goods retailer set to close about 150 stores as it works to stabilize its finances.
Invesco (NYSE:IVZ) stock fell 0.9% after the U.S. asset manager's Chinese joint venture flagged economic risks ahead even while attracting $5.4 billion from local investors in the first half of the year.
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