Bed Bath & Beyond ( BBBY ) – Bed Bath & Beyond is down another 10.2% in premarket trading after falling more than 40% on Friday. That selloff followed news that investor Ryan Cohen had sold his shares in the home goods retailer. Bloomberg also reports that some suppliers have stopped shipments to Bed Bath & Beyond due to unpaid bills. AMC Entertainment (AMC) – Shares of the movie theater chain plummeted 30.6% in the premarket ahead of the debut of AMC’s so-called “APE” preferred stock units. Chief executive Adam Aron reminded investors that the total value of their holdings in AMC will be a combination of ordinary shares plus the new shares, which were granted as a special dividend. AMC shares have also been weighed down by financial problems surrounding Cineworld, the British parent of US cinema chain Regal Cinemas. Ford (F) – Ford lost 2.8% in premarket trading after Friday’s jury decision assessing a $1.7 billion verdict against the automaker. The case involved a fatal accident that focused on roof strength on older model Super Duty trucks. Occidental Petroleum (OXY) – Occidental Petroleum retreated 1.4% in premarket action after rising nearly 10% on Friday. That followed news that Warren Buffett’s Berkshire Hathaway ( BRK.B ) had received permission from regulators to buy up to 50 percent of the energy producer. Berkshire is already Occidental’s largest shareholder. Tesla ( TSLA ) – Tesla CEO Elon Musk said the price of the company’s Full Self Driving software will increase by $3,000 to $15,000 next month, following the widespread release of an updated version of the software. Tesla shares fell 2.1% in premarket trading. Netflix (NFLX) – Netflix fell 2.4% in premarket trading after CFRA downgraded the stock to ‘sell’ from ‘hold’. The firm said Netflix is likely to underperform the S&P 500 after rallying 40% from its mid-July lows. VF Corp. (VFC) – VF was downgraded to “market perform” from “outperform” at Cowen, which cited uncertainty over VF’s upbeat guidance for its Vans footwear and apparel brand. VF was down 2.6% in premarket action. DocuSign ( DOCU ) – The electronic signature company was downgraded to “sector perform” from “outperform” at RBC Capital. RBC sees a long road to a turnaround amid execution issues and the current absence of a permanent CEO, among other issues. DocuSign fell 4.5% in premarket trading.
