Zoom, Facebook and Delta Air Lines Fall Premarket By Investing.com – Investing.com

SourceInvesting.com
SectorTransport
CountryMiddle east

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Monday, July 19th. Please refresh for updates.

Zoom Video Communications (NASDAQ:) stock fell 2.2% after the video conferencing company announced plans to buy Cloud-based call center operator Five9 (NASDAQ:), up 9%, in a $14.7 billion all-stock deal, its largest-ever acquisition.

Facebook (NASDAQ:) stock fell 1% after U.S. President Joe Biden accused the social media giant of “killing people” by allowing the spread of misinformation about Covid-19 vaccines on its network.

Facebook pushed back against the charactterization.

Alcoa (NYSE:) stock fell 2.2% despite Goldman Sachs (NYSE:) adding the aluminum producer to its ‘conviction buy’ list, saying strong aluminum prices could push the stock up over 50%.

AutoNation (NYSE:) stock fell 0.7% despite the auto retailer posting a three-fold jump in quarterly profit, adding $1 billion to its buyback program and saying that it expects the strong demand for new vehicles to continue into next year.

Delta Air...read more...