{"id":69370,"date":"2023-10-06T06:19:57","date_gmt":"2023-10-06T10:19:57","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/pioneer-natural-exxon-tesla-rivian-levi-strauss-and-more-stock-market-movers\/"},"modified":"2023-10-06T06:20:02","modified_gmt":"2023-10-06T10:20:02","slug":"pioneer-natural-exxon-tesla-rivian-levi-strauss-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=69370","title":{"rendered":"Pioneer Natural, Exxon, Tesla, Rivian, Levi Strauss, and More Stock Market Movers"},"content":{"rendered":"
\n
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<\/p>\n<\/figure><\/div>\n

Stock futures were rising in cautious trading Friday\u00a0as investors prepared for U.S. jobs data, which are expected to show employers likely added jobs at a slower pace in September.<\/p>\n

These stocks were poised to make moves Friday:\u00a0<\/p>\n

\n

\n Exxon Mobil
\n (XOM) is close to acquiring\u00a0
\n Pioneer Natural Resources
\n (PXD), the shale-drilling company, in a takeover that could be worth roughly $60 billion, The Wall Street Journal reported. The deal could be finalized in the coming days, the Journal reported, citing people familiar with the matter. Pioneer has a market capitalization of about $50 billion. An acquisition of Pioneer likely would be
\n Exxon\u2019s<\/span>
\n largest deal since its megamerger with Mobil in 1999, the Journal noted. Pioneer shares rose 11% to $239.61 in premarket trading, while Exxon fell 1.6%.<\/p>\n

\n Tesla
\n (TSLA) cut prices of its Model 3 and Model Y vehicles in the U.S., according to the electric-vehicle maker\u2019s website. The Model 3 was reduced to $38,990 from $40,240, while prices on the Model Y long-range vehicle were cut to $48,490 from $50,490. The Model Y performance car was lowered to $52,490. The price cuts The price cuts follow
\n Tesla
\n \u2018s report of 435,059 deliveries in the third quarter, which missed analysts\u2019 estimates. Tesla declined 1.3%. <\/p>\n

\n Rivian Automotive
\n (RIVN) rose 0.7% in premarket trading after tumbling 22.9% on Thursday, the stock\u2019s largest percentage drop on record. The plunge came after the EV truck maker issued\u00a0disappointing guidance\u00a0and announced plans to raise more funds.<\/p>\n

\n Levi Strauss
\n (LEVI) said it was lowering its financial forecasts \u201cgiven the ongoing uncertainty in the macro environment.\u201d The jeans maker said it expected adjusted profit in the fiscal year to be \u201con the low end\u201d of a prior forecast of between $1.10 and $1.20 a share.\u00a0The company also forecast fiscal-year sales to be flat to up 1%, compared with previous expectations for growth of 1.5% to 2.5%.\u00a0
\n Levi Strauss
\n was down 1.9%.<\/p>\n

\n Aehr Test Systems
\n (AEHR) reaffirmed its fiscal 2024 guidance despite improved fiscal first-quarter profit and a revenue jump of 93%. Shares of the maker of semiconductor test and production burn-in equipment fell 12% in premarket trading.<\/p>\n

U.S.-listed shares of
\n Philips
\n (PHG), the Dutch health-technology company, declined 8.4% after the Food and Drug Administration asked for additional testing of its recalled sleep and respiratory devices.<\/p>\n

\n Apellis Pharmaceuticals
\n (APLS) jumped 6.1% to $42.05 after the stock was upgraded by
\n J.P. Morgan
\n to Overweight from Neutral and the price target was raised to $81 from $60.<\/p>\n

\n General Motors
\n (GM) was up 0.1% in premarket trading. Shares of the auto maker closed Thursday at $30.31, its lowest since Sept. 30, 2020, following a Journal report that said GM has at least 20 million vehicles built with a\u00a0potentially dangerous air-bag part. Separately, GM,
\n Ford
\n (F), and
\n Stellantis
\n (STLA) remain in negotiations to resolve the United Auto Workers strike that has stretched to three weeks. <\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures were rising in cautious trading Friday\u00a0as investors prepared for U.S. jobs data, which are expected to show employers likely added jobs at a slower pace in September. These stocks were poised to make moves Friday:\u00a0 Exxon Mobil (XOM) is close to acquiring\u00a0 Pioneer Natural Resources (PXD), the shale-drilling company, in a takeover that […]<\/p>\n","protected":false},"author":1,"featured_media":69371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-69370","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nPioneer Natural, Exxon, Tesla, Rivian, Levi Strauss, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures were rising in cautious trading Friday\u00a0as investors prepared for U.S. jobs data, which are expected to show employers likely added jobs at a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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