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Starbucks, Turquoise Hill, Vroom Fall Premarket; PlayAGS Rises

Investing.com
·1-min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, August 15th. Please refresh for updates.

Turquoise Hill (NYSE:TRQ) stock fell 24% after the Canadian miner rejected an offer by majority shareholder Rio Tinto (NYSE:RIO) to buy the 49% stake it doesn't already own for $2.7 billion. Rio’s ADRs fell 3.9%.

Starbucks (NASDAQ:SBUX) stock fell 0.9% after the coffee chain asked the labor board to suspend mail-in ballot union elections, alleging misconduct in the voting process.

PlayAGS (NYSE:AGS) stock rose 9.9% after Reuters reported that gaming equipment provider Inspired Entertainment (NASDAQ:INSE), down 4.1%, has made a $370 million offer to acquire the slot machine maker.

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California Resources (NYSE:CRC) stock fell 2.3% after Reuters reported that Kimmeridge Energy has amassed a stake in the oil and gas producer and is pushing it to make changes that include selling some acreage to real estate developers.

Dollar General (NYSE:DG) stock fell 1.2% after BMO downgraded its investment view of the discount chain to ‘market perform’ from ‘outperform’, saying recession fears are fully priced in.

Vroom (NASDAQ:VRM) stock fell 4.7% after JPMorgan downgraded its stance on the used car retailer to ‘underweight’ from ‘neutral’, saying there’s no quick fix for the troubled company in an economic slowdown.

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