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"AMC Entertainment, Domino's Pizza, Tesla and More: Biggest Premarket Stock Moves"

Latest Business News

Stocks making headlines in morning trading

AMC Entertainment

Shares of AMC Entertainment rose 37% after a judge denied a proposed settlement related to the company's plan to convert preferred shares into common stock. The company has filed a revised stock plan, causing preferred shares to lose about 2% before the bell.

Domino's Pizza

Domino's Pizza stock lost almost 4% in premarket trading following mixed quarterly results. The company reported earnings of $3.08 a share on $1.02 billion in revenue, slightly missing analysts' expectations.


Toymaker Mattel gained 1.5% after the release of the Barbie movie, which had a successful opening weekend at the box office. Warner Bros. Discovery, the parent company of the studio behind the film, also saw a 0.9% increase in its stock price.


Tesla's stock decreased by more than 1% after UBS downgraded its shares to an underweight rating. The downgrade is due to concerns that the recent rally fully accounted for the demand boost following price cuts.

American Express

American Express stock lost nearly 2% before the bell after Piper Sandler downgraded its shares to underweight and reduced its price target. The downgrade was based on concerns over the company meeting its revenue and profit growth targets.


Shares of UPS lost over 1% before the bell as approximately 340,000 employees prepare to go on strike nationwide.


Shopify's e-commerce stock increased by 2.5% after MoffettNathanson upgraded its shares to an outperform rating. The upgrade was based on the belief that Shopify's enterprise business is approaching an inflection point.


Chevron's stock jumped 0.5% after the company announced that Eimear Bonner, a long-time company veteran, would become the next chief financial officer next year. Chevron also reported better-than-expected preliminary second-quarter earnings. --- CNBC's Alex Harring and Hakyung Kim contributed reporting.

Concluding Thoughts: How Morning Trading Impact New Businesses

The morning trading activities of various stocks can provide valuable insights into market trends and investor sentiments, which may have implications for new businesses in different sectors. Let's analyze the impact of some key headlines on new companies:

AMC Entertainment

The rise in AMC Entertainment's stock after a judge denied a proposed settlement indicates continued investor interest in the company. This can be encouraging for new businesses in the entertainment industry, suggesting potential opportunities for growth and investment.

Domino's Pizza

The premarket decline in Domino's Pizza stock following mixed quarterly results highlights the sensitivity of the market to financial performance. New businesses in the food and beverage industry should pay close attention to meeting or exceeding analysts' expectations to maintain investor confidence.


The downgrade of Tesla's shares by UBS due to concerns over price cuts and demand reflects the market's scrutiny of the electric vehicle industry. This cautionary outlook urges new businesses in the clean energy sector to carefully navigate competition and ensure sustainable growth strategies.


The positive rating upgrade for Shopify's stock suggests market optimism towards its enterprise business. This serves as an encouraging sign for new businesses operating in the e-commerce space, signaling potential growth opportunities and increased investor confidence. Overall, the morning trading activity in various stocks offers important insights into market dynamics and investor sentiment. As new businesses move forward, they should monitor and evaluate these trends to navigate the competitive landscape effectively, identify investment opportunities, and respond proactively to changes in market conditions. Article First Published at: https://www.cnbc.com/2023/07/24/stocks-making-the-biggest-moves-premarket-amc-dpz-tsla-.html

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