February 26, 2024


An AMC theater in New York City on March 29, 2023. Shares of AMC Entertainment rose 13% on a report that Amazon was considering buying the theater chain.

Leonardo Munoz | Corbis News | Getty Images

Check out the companies making headlines in morning trading.

AMC Entertainment — Shares jumped 37% on Friday after a judge rejected a settlement proposal related to AMC Entertainment’s plan to convert preferred stock into common stock. The company said it has filed a revised stock plan. Preferred shares were down about 2 percent premarket.

Domino’s Pizza — Domino’s shares fell nearly 4% in premarket trading after Domino’s reported mixed quarterly results. The company reported earnings of $3.08 per share on revenue of $1.02 billion. Analysts polled by Refinitiv expected earnings of $3.05 a share on revenue of $1.07 billion.

Mattel — Shares of the toymaker rose 1.5% after a movie based on one of its Barbie dolls enjoyed a strong opening weekend. Warner Bros. DiscoveryShares in the parent company of the studio that made the film rose 0.9%.

tesla — Electric vehicle stocks fell more than 1% after UBS downgraded the stock to an underweight rating, saying the recent gains were entirely due to a demand boost from recent price cuts.

American Express — Financial services shares fell nearly 2% premarket after Piper Sandler downgraded the stock to underweight and lowered its price target. The company expressed concern about the company meeting its revenue and profit growth targets.

ups — Shares fell more than 1 percent in premarket trading as about 340,000 workers prepared to go on strike nationwide.

Shopping — Shopify’s enterprise business was approaching an inflection point and upgraded the stock to outperform, with the e-commerce stock up 2.5 percent after MoffettNathanson said the company’s enterprise business was approaching an inflection point.

Chevron — Chevron shares rose 0.5 percent after announcing that company veteran Eimear Bonner will be its next chief financial officer next year. The company reported preliminary second-quarter earnings results Sunday night. Chevron reported adjusted earnings of $3.08 per share, topping analysts’ expectations.

— CNBC’s Alex Harring and Hakyung Kim contributed reporting