Micron, Meta Platforms, Apple fall into pre-marketing; DraftKings and PacWest on the Rise By Investing.com

by The Insights

© Reuters.

Investing.com — Stocks featured in premarket trading on Monday, May 22. Please refresh for updates.

  • Micron (NASDAQ:) The stock fell 4.3% after China banned major local infrastructure operators from buying chips made by the US semiconductor company.

  • Metaplatforms (NASDAQ:) The stock fell 1.2% after being fined a record $1.3 billion by the EU’s top privacy regulator for its handling of user information.

  • JPMorgan Chase (NYSE:) Shares rose 0.4% after America’s biggest lender expected the purchase of First Republic Bank to boost its net interest income by $3 billion this year.

  • Apple (NASDAQ:) The stock fell 1% after Loop Capital downgraded the iPhone maker from ‘hold’ to ‘buy’, expecting the company to miss its revenue forecast.

  • DraftKings (NASDAQ:) The stock rose 3% after UBS upgraded its stance on the sports gaming company to “buy” to “neutral,” citing new market penetration and higher revenue growth.

  • Nike (NYSE:) The stock fell 1.5% after Williams Trading lowered its ‘sell’ position to ‘hold’, saying the company faces many headwinds and the stock is expensive .

  • PacWest Bancorp (NASDAQ:) The stock rose 4.5% after the regional lender agreed to sell a portfolio of home construction loans worth about $2.6 billion to a unit of Kennedy-Wilson (NYSE:), up 1%.

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