Today’s Stocks to Watch: Tesla, Newsmax, and Novo Nordisk
Key Points To Watch Out For:
- Tesla shares fell 1% ahead of the quarterly delivery announcement.
- Grifols rose 14% after reactivating takeover talks with Brookfield.
- Newsmax fell more than 30% in its volatile first week of trading.
Tesla (TSLA): Expectation for Quarterly Deliveries
Tesla shares were down 1% in premarket trading before the release of its quarterly delivery figures. The stock has been under pressure this year due to the political reaction to Elon Musk and concerns over tariffs.
Global Auto Stocks: Downturn Across the Board in the Automotive Sector
In Germany, Continental (CON) and BMW (BMW) declined, while in Asia, Hyundai fell 1.2%. In the U.S., Ford (F), General Motors (GM), and Stellantis (STLA) were trading with no significant changes in the premarket, amid an atmosphere marked by regulatory and commercial fears.
Novo Nordisk (NVO): Fall in European Pharmaceuticals
Novo Nordisk shares fell over 2%, marking the largest decline in the European pharmaceutical sector. Bayer (Germany), Sanofi (France), and GSK (UK) also recorded losses, while most U.S. pharmaceutical companies remained stable.
Newsmax (NMAX): High Volatility After Its IPO
Newsmax fell more than 30% in premarket trading, extending its volatile first week on the markets. The conservative news channel is experiencing a strong correction following its recent stock market debut.
Grifols (GRF): Acquisition Rumors Send Its Share Price Soaring
Grifols shares rose 14% in Madrid after reports surfaced that Brookfield Asset Management had reopened talks to acquire the Spanish pharmaceutical company, sparking enthusiasm among investors.
