Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements reflect premarket trading.
CBS Corp. CBS -3.46% —Up 3.1%: CBS Chairman and Chief Executive Leslie Moonves is stepping down amid accusations that he sexually harassed and assaulted numerous women over his career.
Snap Inc. SNAP -2.27% —Down 1.3%: Chief Strategy Officer Imran Khan will leave the social media company to “pursue other opportunities,” the company said. His last day hasn’t yet been decided, and he will stay in his role for an interim period to help with the transition.
Apple Inc. AAPL -1.12% —Up 0.3%: Apple on Wednesday plans to announce two new models with its largest iPhone screens ever, The Wall Street Journal reported. Meanwhile, President Trump urged Apple to shift production to the U.S. and out of China.
Nike Inc. NKE 2.12% —Up 1.1%: Wedbush analysts raised their price target for the sportswear company to $90 from $85, citing global sales momentum and opportunities for accelerating demand in North America. The company’s recent ad campaign featuring Colin Kaepernick has stirred controversy surrounding NFL players protesting during the national anthem.
Tesla Inc. TSLA 4.99% —Up 3.2%: Tesla shares have dropped in 10 of the last 12 sessions to their lowest level since April 2, with Friday’s 6.3% dip coming after the electric-car maker lost more executives and Chief Executive Elon Musk was seen appearing to smoke marijuana during an interview. The company announced more management changes late Friday.
Alphabet Inc. GOOGL 0.09% —Up 0.6%: Google this week will appeal an order to extend the European Union’s “right to be forgotten” to its search engines across the globe, arguing before the EU’s top court that the order encourages countries to assert sovereignty beyond their borders.
Akamai Technologies Inc. AKAM 3.22% —Up 2.2%: DA Davidson upgraded Akamai Technologies to buy from neutral, citing increased demand and interest in its security products, with cloud security now accounting for a quarter of the company’s business.
Advanced Micro Devices Inc. AMD 5.92% —Up 2.6%: Advanced Micro Devices shares have maintained gains over the past three months, and Susquehanna analysts said the semiconductor company is continuing to gain share in both desktops and laptops.
Freeport-McMoRan Inc. FCX 1.63% —Up 1%: Shares of the copper miner have tumbled alongside metals prices as the U.S. and China continue to trade barbs. China is the world’s largest commodity consumer and accounts for about half the world’s copper demand.
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Write to Amrith Ramkumar at [email protected]