Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Nike, Bank of America, Blue Apron and more- PRE-MARKET

A look at the movers and shakers in pre-market deals
Nike, Bank of America, Blue Apron and more- PRE-MARKET
What's hot and what's not in pre-market deals

Sports shoe giant Nike was running away with it in pre-market after news that its sneakers will be sold online via Amazon (NASDAQ:AMZN).

Shares raced up almost 6% to $56.30 as this news plus he fourth quarter numbers cheered investors.

The 'Sage of Omaha', aka Warren Buffet, was also back in the news as he is to become the largest shareholder in Bank of America (NYSE;BAC) by taking up warrants Berkshire Hathaway received when it bought preference shares.

Berkshire will buy 700mln shares through the warrant exercise, giving it a stake of around 6.6% that puts it just ahead of the Vanguard Guard. Berkshire's stake is reportedly worth over$17b.

BAC shares added 0.86% in pre-market.

Elsewhere, meal kit outfit Blue Apron, whose stock market debut was much flagged, did begin trading yesterday.

It began trading flat - at around the issue price - of $10 a share, and then dipped slightly in after hours deals.

Meanwhile, Microsoft Corporation (NASDAQ:MSFT) is reportedly preparing to unveil a major new restructuring, according a Seattle-based media outlet.

Puget Sound Business Journal, a subscription publication, citing sources claimed the reorganisation would better align Microsoft with its ‘cloud-first’ strategy.

Shares in Microsoft eased a tad lower- 0.04% - in pre-market deals.

View full BAC profile View Profile

Bank of America Timeline

Related Articles

Russia picture
June 04 2018
The bulk of overall exposure is in credit and government bonds followed closely by equities
Care worker
August 10 2018
The stock consistently trades above its net asset value per share, which could have something to do with the dividend yield of more than 6%
International currencies in bundles
September 04 2018
A number of key acquisitions and new products have attracted a raft of new customers towards the firm's platform as it seeks to challenge established forex providers

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use