Amazon, T-Mobile rise premarket; Walgreens, Coinbase fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, January 5th. Please refresh for updates.

• Amazon (NASDAQ: AMZN) stock rose 1.3% after the online retail giant’s CEO Andy Jassy stated that its layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed.

• Walgreens Boots Alliance (NASDAQ: WBA) stock fell 1.9% after the drugstore chain reported a net quarterly loss as it took a $6.5 billion opioid litigation charge.

• T-Mobile US (NASDAQ: TMUS) stock rose 0.7% after the telecoms giant delivered record customer growth, adding 6.4 million postpaid customers and 2 million broadband customers in 2022.

• Coinbase (NASDAQ: COIN) stock fell 6.3% after Cowen downgraded its stance on the cryptocurrency exchange to ‘market perform’ from ‘outperform’, citing the lack of clarity on trading volumes.

• Silvergate Capital (NYSE: SI) stock slumped over 40% after the Wall Street Journal reported the crypto-related bank sold assets at a loss to cover at least $8B in withdrawals in the wake of the FTX debacle late last year.

• Luminar Technologies (NASDAQ: LAZR) stock rose 4.7% after the lidar manufacturer announced new technology and said it met 2022 performance goals at a trade show in Las Vegas.

• Danaher (NYSE: DHR) stock fell 2.4% after Credit Suisse downgraded its stance on the medical company to ‘neutral’ from ‘outperform’, as demand for COVID vaccines dwindles.

You May Also Be Interested In

• Oracle cut 21,000 jobs in past year amid AI shift
• Diageo CEO Lewis asks executives to cut costs and jobs, FT report
• Euro zone private sector contraction eases in June but services stay weak, PMI shows