Stocks to Watch: PayPal Holdings, iRobot, Johnson & Johnson, Lions Gate Entertainment and More
October 09 2019 - 9:21AM
Dow Jones News
By James Willhite and Allison Prang
Here are some of the companies with shares expected to trade
actively in Wednesday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
PayPal Holdings -- Down 0.5% Premarket: The company said Tuesday
it is expecting to report a $228 million pretax loss in the third
quarter, or a pretax loss of 15 cents a share, from strategic
investments.
iRobot -- Down 6% Premarket: Raymond James lowered its rating on
iRobot shares to underperform, down from market perform, and said
it doesn't expect the premium multiple the company's shares have
been trading at to hold.
Johnson & Johnson -- Down 2% premarket: A Philadelphia jury
on Tuesday ordered the health-care firm to pay $8 billion in
damages to a man who said his use of J&J's antipsychotic
Risperdal caused enlarged breasts. It was the biggest award to date
among more than 13,000 lawsuits alleging the drug caused a
condition called gynecomastia in boys.
Lions Gate Entertainment -- Up 7.3% Premarket: The entertainment
company behind the "John Wick" and "Hunger Games" franchises is
considering splitting off its Starz premium cable channel into a
separate company, as it looks to reduce its hefty debt load.
General Motors -- Up 0.6% Premarket: The lead negotiator of the
United Auto Workers said Tuesday the union was pushing the auto
maker to make a firmer commitment to building vehicles in the U.S.,
while workers remain on a strike that has lasted more than three
weeks.
Activision Blizzard -- Down 0.5% Premarket: The videogame
company Tuesday suspended an esports competitor from one of its
tournaments for backing antigovernment protesters in Hong Kong.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to James Willhite at james.willhite@wsj.com and Allison
Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 09, 2019 09:06 ET (13:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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