During Premarket hours today – (Tuesday – 18.01.2022):

  • Alibaba (Symbol: BABA) — Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the China-based company’s cloud unit to see if it poses a risk to US national security. The probe is said to focus on how the e-commerce giant stores the data of US clients.
  • Citrix Systems (Symbol: CTXS) — Citrix jumped 2.8% in premarket trading following a Bloomberg report saying Elliott Investment Management and Vista Equity Partners were in advanced talks to buy the software company.
  • Goldman Sachs (Symbol: GS) — Goldman Sachs fell 2.2% in the premarket after reporting a mixed fourth quarter. Goldman earned $10.81 per share for the quarter, compared with a consensus estimate of $11.76, although revenue beat analyst forecasts.
  • Gap (Symbol: GPS) — Gap tumbled 5.4% in premarket trading after Morgan Stanley downgraded the apparel retailer’s stock to “underweight” from “equal-weight,” saying it expects margins for Gap and other mall-based specialty retailers to revert back to the declining path seen pre-pandemic.
  • Credit Suisse (Symbol: CS) — Credit Suisse chairman Antonio Horta-Osorio resigned after he reportedly violated Covid-19 protocols on multiple occasions. Horta-Osorio’s departure comes after just eight months with the bank. Credit Suisse fell 3.4% in premarket trading.
  • Unilever (Symbol: UL) — Unilever tumbled 9.8% in premarket action after the consumer products company made a $68 billion bid for GlaxoSmithKline’s (Symbol: GSK) consumer health business. That bid was the third in a series of offers to acquire the unit, but all were rejected by Glaxo as undervaluing the business. GlaxoSmithKline shares jumped 2.6%.
  • Peloton (Symbol: PTON) — Peloton will begin charging for setup and delivery of its bicycles and treadmills starting January 31, services that had previously been included in the sales price. Peloton will charge $250 for setup and delivery of its bicycles and $350 for its treadmills. The stock fell 2.2% in premarket trading.

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