Check out the companies that are trending in pre-market trading. Intel — Shares fell more than 4% after the company disclosed widening operating losses in its semiconductor manufacturing business. Intel reported that its division’s operating loss in 2023 will be $7 billion. By comparison, a year ago he was worth $5.2 billion. Tesla — The electric car maker fell about 1% after the Guggenheim Museum and Deutsche Bank lowered their price targets. The target reduction comes after Tesla reported that first-quarter vehicle deliveries were significantly lower than expected. Paramount Global — Shares rose 2.5% after a New York Times report said the company could enter into exclusive sale talks with media company Skydance. Dave & Buster’s — Share price rose 5% as the restaurant and entertainment chain increased its stock repurchase authorization to his $100 million, bringing its total available stock repurchase authorization to his $200 million. However, the company also reported lower-than-expected fourth-quarter profits and sales. Cal-Maine Foods — The egg producer’s stock rose 7% after the egg producer posted earnings of $3 per share and sales of $703 million in its latest quarter. did. It also noted that market prices continued to increase in the third fiscal quarter, due to both recent economic growth and market prices. Impact of highly pathogenic avian influenza (HPAI) and normal seasonal fluctuations. The company also reported a 3% increase in sales volume. Wolfspeed — Wells Fargo downgraded the stock from overweight to equal weight, citing exposure to Tesla as a drag on growth, and lowered Wolfspeed’s price target from $55 to $30 per share. , the company fell 2%. Ally Financial — Shares fell 2% after Morgan Stanley downgraded the company from neutral to underweight. The lender’s stock has soared more than 50% since early October, and analyst Richard Schoen currently sees “limited upside potential based on current valuations.” — CNBC’s Hakyung Kim, Brian Evans, Lisa Han and Jesse Pound contributed reporting
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