Prism Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Live Nation and more

Take a look at the companies making waves before the stock market opens.


— The healthcare giant saw its shares surge nearly 7% following first-quarter results that exceeded expectations on Tuesday. There was a close to 9% growth from $91.9 billion during the same period last year. The company announced adjusted earnings of $6.91 per share on $99.8 billion revenue for the quarter, beating analyst’s predictions of earnings at $6.61 per share on revenue of $99.3 billion, according to LSEG.

Morgan Stanley

— The company’s shares rose 3.2% after outperforming first-quarter expectations in wealth management, trading and advisory results. Earnings for the quarter were reported at $2.02 a share, exceeding the $1.66 a share forecast by LSEG analysts. The revenue for the period was $15.14 billion, surpassing the predicted $14.41 billion.

Live Nation Entertainment

— The company’s shares plummeted by 9.6% after the Wall Street Journal reported that an antitrust lawsuit is being prepared by the Justice Department against the parent company of Ticketmaster, likely to be filed in the upcoming weeks.

Johnson & Johnson

— Despite beating the quarterly earnings expectations and experiencing a surge in medical device sales, the stock saw a minor decline. The revenue was nearly $21.38 billion, aligning closely with the $21.4 billion expected by LSEG analysts.

Bank of America

— The U.S. banking behemoth announced first-quarter earnings of an adjusted 83 cents a share, exceeding analysts’ predictions of 76 cents per share, according to LSEG. With a revenue of $25.98 billion, expectations of $25.46 billion were met. Share movements were negligible in premarket trading.

International Paper

— The packaging and fiber-based product manufacturer saw shares rise almost 2% after their agreement to acquire British packaging company DS Smith in an all-stock deal worth $7.2 billion.


— The electric vehicle maker’s shares declined by 2.7%, continuing its downturn following an internal memo on Monday that revealed plans to lay off over 10% of the global workforce. CEO Elon Musk emphasized the significance of evaluating all aspects of the business for cost reductions and productivity enhancements in preparation for the next growth phase. It was also announced that two senior executives of Tesla would be departing from the company.

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Prism Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Live Nation and more

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