Here are some of the biggest movers on Thursday, with a slide in Tesla stock rattling the broader market.
Stock gainers:
HCA Healthcare Inc.‘s stock
HCA,
jumped 7.1% toward a record high in premarket trading after the hospital operator reported a forecast-beating profit and lifted its full-year outlook, thanks to increased emergency-room visits, surgeries and admissions.
BuzzFeed Inc. shares
BZFD,
rose 2.6%, a day the digital-media company slumped 25% on job cuts and the closing of its news arm.
Procter & Gamble Co.‘s stock
PG,
rose 2.2% after the consumer goods giant’s fiscal third-quarter results topped Wall Street top and bottom estimates, and the company lifted its full-year sales outlook.
Tesla Inc. shares
TSLA,
were up 0.8% in premarket trading, after tumbling 9.75% on Thursday, after the electric vehicle maker raised prices on some models. The EV maker announced late Thursday price hikes for premium Model S and X cars in the U.S., after another round of price cuts earlier in the week. A day prior, Tesla shares tumbled after CEO Elon Musk suggested he would give priority to market share over margins. Truist Securities on Friday became the latest on Wall Street to slash its price target, also cutting the EV maker to hold from buy.
Stock fallers:
Regions Financial Corp.‘s stock
RF,
fell 1.7% in premarket trading. The regional bank reported a profit rise for the first quarter as deposits remained stable despite the recent banking crisis, but missed its earnings target.
Shares of Meta Platforms Inc.
META,
dropped 1.4% after Chief Executive Mark Zuckerberg reportedly said the tech company may not be through laying off workers, as its latest round of 4,000 landed this week and another batch looms for May.
Schlumberger Ltd.‘s stock
SLB,
slipped 1%. The oil-field services company’s reported first-quarter adjusted earnings per share and revenue that beat forecasts, but cash flow from operations came in below consensus.
Shares of Autoliv Inc.
ALV,
shed 5.5% after the automotive safety systems company reported first-quarter revenue that topped expectations and profit that matched, but said cash flow turned negative.
