Stocks – Citigroup, Facebook, Visa, Mastercard Fall in Premarket, PG&E Crashes


Stocks - Citigroup, Facebook, Visa, Mastercard Fall in Premarket, PG&E Crashes – Stocks in focus in premarket trade Monday:

• Citigroup (NYSE:C) stock fell 0.65% by 8:15 AM ET (13:15 GMT) after the bank reported weaker-than-expected revenue for the fourth quarter.

• PG&E (NYSE:PCG) stock crashed 41.10% after the company announced plans to file for Chapter 11 bankruptcy on or about Jan. 29. The company’s chief executive officer stepped down over the weekend.

• Gannett (NYSE:GCI) stock jumped 19.38% as The Wall Street Journal reported that its shareholder Digital First Media was planning to push the company to put itself up for sale and would also make an offer at $12 per share.

• Goldcorp (NYSE:GG) stock soared 9.08% as Newmont Mining (NYSE:NEM) announced that it would acquire the company in a deal valued at $10 billion.

• Sears Holdings (OTC:SHLDQ) stock could see movement in the regular session as the company starts analyzing bids for its assets and weighing the benefits against the $5 billion offer from chairman Eddie Lampert.

• Visa (NYSE:V) stock and Mastercard (NYSE:MA) stock lost 1.09% and 0.97%, respectively, as China’s central bank refused to acknowledge applications that would permit the companies to process renminbi payments.

• Stage Stores Inc (NYSE:SSI) stock may see downside in the regular session after the company suspended its quarterly dividend as part of its strategy to convert approximately 220 additional department stores to Gordmans off-price stores by the middle of 2020.

• Facebook (NASDAQ:FB) stock declined 1.00% as Germany’s antitrust regulator planned to order the company to stop gathering some user data, according to Bild am Sonntag newspaper.

• Aurora Cannabis Inc (TO:ACB) gained 2.98% after the company announced its intentions to acquire Whistler Medical Marijuana.

• Crocs Inc (NASDAQ:CROX) stock rose 3.36% after it lifted its fourth-quarter revenue guidance above consensus expectations.

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