Markets
Stocks to Watch Today: BlackBerry, Tesla, Cassava Sciences, Paychex
First American News LLC, Raleigh, NC: BlackBerry’s sales fell from a year earlier; Tesla shares were outperforming other EV companies ahead of the open Stock futures were little changed after major Wall Street indexes snapped a three-day losing streak. Here’s what we’re watching in Wednesday’s trading:
BlackBerry slipped 2.1% ahead of the bell. The Canada-based security software provider posted better-than-expected revenue, but sales fell from a year earlier.
Cassava Sciences added 0.2% premarket. The drug developer said Tuesday it was told by Neuroscience, an academic journal, that there was no evidence to support claims of data manipulation in a 2005 paper written by the company and its collaborators.
Tesla was a bright spot in premarket trading, adding 3.2%. Other electric-vehicle makers weren’t so lucky. Rivian edged down 0.2%, Lordstown Motors slipped 0.5% and China’s Nio shed 0.6%.
Shareholders of Naked Brand Group, an intimate apparel company that sells Fredericks of Hollywood products, voted to approve the acquisition of closely held electric-vehicle company Cenntro. Do you see the synergy potential of lingerie and electric vehicles? Investors don’t either. Naked Brand shares dropped 16% ahead of the bell. Click here to continue reading on stocks to watch today at The Wall Street Journal.
