Stocks – Wells Fargo, Lyft Rise in Premarket; Micron Slumps

Investing.com – Stocks in focus in premarket trading on Friday:

• Micron Technology (NASDAQ:) stock slumped 5.7% in premarket trade by 8:20 AM ET (12:20 GMT) after it forecast a disappointing holiday season due to falling demand for its memory products, while the company also said it was “mindful” of economic and trade uncertainty.

• Delta Air Lines (NYSE:) stock gained attention after the company announced it was buying a 20% stake in LATAM Airlines for $1.9 billion in cash and debt.

• Las Vegas Sands (NYSE:) stock gained 5% after it was added to the , replacing Nektar Therapeutics. The move is effective Oct. 3.

• Wells Fargo & Company (NYSE:) stock rose 2.7% after it named Bank of New York Mellon (NYSE:) CEO Charles Scharf as its new Chief Executive. The company has been without a CEO since Tim Sloan left earlier this year.

• LYFT (NASDAQ:) stock was up 1.3% after the ride-sharing company was rated as outperform in initial coverage at Wells Fargo (NYSE:), which cited expectations that revenue per rider will grow faster than expected.

• Apple (NASDAQ:) stock inched up 0.2% after the Wall Street Journal reported that it is planning to bring feature-length films to movie theaters ahead of the release of its Apple TV + streaming service.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.