Yahoo Finance is tracking General Electric, Tesla, Costco, Liberty Interactive and HSN in intraday trading on Thursday.
General Electric (GE) – JPMorgan (JPM) lowered its price target on GE to $22 per share from $27 while maintaining its underweight rating on the stock. The firm said Jeffrey Immelt’s departure was “unexpectedly early” and that its position “is as open and undefined as it’s been in decades.”
Tesla (TSLA) – The electric automaker is extending Wednesday’s decline on questions about Tesla’s claim that its Model S is the “safest car in history.” New results from crash tests by the Insurance Institute for Highway Safety found that the Model A was only able to achieve an acceptable rating in a test that simulates what happens when the car hits a tree or another vehicle.
Costco (COST) – The wholesale retailer reported total comparable sales for June jumped 6%, driven by a 6.5% climb in the U.S. Costco’s stock has dropped about 1.3% so far this year as of Wednesday’s close.
Liberty Interactive (QVCA) – QVC owner Liberty Interactive is acquiring the Home Shopping Network (HSNI) in an all-stock transaction. In a statement, QVC President and CEO Mike George said, “As the prominent global video commerce retailer and North America’s third largest mobile and eCommerce retailer, the combined company will be well-positioned to help shape the next generation of retailing.”
For more on Thursday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.