Carvana, Walt Disney, Bristol-Myers Squibb Rise Premarket; Twitter Falls By Investing.com

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Monday, September 12th. Please refresh for updates.

• Walt Disney (NYSE:) stock rose 0.8% after activist investor Daniel Loeb swung behind the board’s plans to keep ESPN, saying he has a “better understanding” of the sports television network’s potential for growth.

• Bristol-Myers Squibb (NYSE:) stock rose 8.1% after the U.S. Food and Drug Administration approved the company’s oral treatment for adults with plaque psoriasis.

• General Electric (NYSE:) stock rose 0.6% after the conglomerate said it expects to complete the spin-off of its healthcare business by the first week of January 2023.

• Bank of America (NYSE:) stock rose 0.5% after Reuters reported that the lender has created a new group in its global wealth and investment management division to focus on lending to rich clients.

• JPMorgan Chase (NYSE:) stock rose 0.5% after CNBC reported that the lender has agreed to buy a payments startup called Renovite to fend off threats from fintech firms.

• Twitter (NYSE:) stock fell 1% after the social media giant said payments made to a whistleblower did not breach any conditions of its $44 billion buyout by Elon Musk, after he cited the move as another reason to scrap the deal.

• Carvana (NYSE:) stock rose 8.2% after Piper Sandler upgraded its stance on the online used car retailer to ‘overweight’ from ‘neutral’, saying it’s too cheap and can double from these levels.

• Roblox (NYSE:) stock fell 1.6% after Cowen initiated coverage of the online game platform at ‘underperform’, saying it’s overvalued for a distant metaverse future.