Premarket Stock Movements: Chevron, PG&E, GameStop and Others
In premarket trading, several stocks saw significant movements due to a mix of corporate developments and geopolitical events. Aon fell 1.8% after announcing its $17 billion acquisition of USI Insurance Services from KKR. Energy companies like Halliburton, Chevron, Valero Energy, Occidental Petroleum, and Exxon Mobil rose as U.S.-Iran tensions in the Middle East pushed oil prices up over 3%. PG&E dropped sharply by 16% after California lawmakers rejected a proposal that would have capped wildfire liability claims against utility providers. Pinterest shares fell more than 3% following news of its CFO's departure, while GameStop rose nearly 4% despite expecting lower net sales in Q2. Deere gained 1%, buoyed by an upgrade from Baird to 'outperform' due to anticipated increased demand for farm equipment.
Tickers: $AON $CVX $DE $GME $HAL $OXY $PCG $PINS $VLO $XOM
Topics: analyst_upgrades earnings_preview executive_changes geopolitical_impact M&A