Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Tesla, Twitter among premarket's biggest movers

Send a link to a friend  Share

[October 02, 2014]  By Ryan Vlastelica

NEW YORK (Reuters) - Tesla Motors Inc was one of the biggest movers of Thursday's premarket session, after the company's chief executive hinted at a new product that would be unveiled next week.

Elon Musk, CEO of the electric car company, wrote on Twitter that it was "about time to unveil the D and something else."

An image that accompanied the tweet suggested the unveiling might include a new vehicle model.

Shares were up 3 percent to $247.50 before the bell. The stock has rallied about 60 percent in the year to date, building on last year's surge of more than 340 percent.

Twitter Inc <TWTR.N> also advanced in the premarket session, up 2.4 percent to $51.28 after JPMorgan upgraded the social network to "overweight" from "neutral" and raised its price target on the stock by $10 to $64.

"Twitter is a primary beneficiary of the shift toward mobile advertising ... and we are increasingly confident in the company’s ability to grow users over time," the firm wrote in a note to clients.

Futures snapshot at 0741 EDT:

* S&P 500 e-minis <ESc1> were up 3 points, or 0.15 percent, with 183,648 contracts changing hands.

* Nasdaq 100 e-minis <NQc1> were gaining 6.25 points, or 0.16 percent, in volume of 29,829 contracts.

* Dow e-minis <1YMc1> were up 11 points, or 0.07 percent, with 24,397 contracts changing hands.

(Editing by Bernadette Baum)

[© 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top