Premarket movers: Oracle surges; Boeing falls
Investing.com -- Here are stocks making moves in premarket U.S. trading on Tuesday. Please check back later for updates:
Oracle (NYSE:ORCL) shares surged nearly 14% after clocking stronger-than-expected quarterly earnings thanks to increased demand for its AI offerings.
Boeing (NYSE:BA) shares slipped after authorities in Chile said they had started an investigation into a Latam flight of a Boeing 787 Dreamliner that suffered a «strong movement» during a journey from Sydney to Auckland.
Southwest Airlines (NYSE:LUV) shares dropped after the carrier said it would post a net loss in the first quarter due to slower than anticipated aircraft deliveries from Boeing.
Acadia Pharmaceuticals (NASDAQ:ACAD) dropped sharply after the pharmaceutical group ditched plans to conduct further trials of its pimavanserin drug after a Phase 3 study failed to meet its primary endpoint.
3M (NYSE:MMM) shares ticked higher after the conglomerate named William Brown as its new Chief Executive Officer.
Carvana (NYSE:CVNA) shares rise after Jefferies raised their estimate of the used car dealer to «Hold.»
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